Thu 13 Jan 2011, 15:02 GMT

Agreement to evaluate LNG bunkering in Korea


Swedish cluster in agreement with energy giant to look at developing an LNG supply system in South Korea.



Swedish liquefied natural gas (LNG) cluster SSPA, FKAB, White Smoke and Swedish Marine Technology Forum have entered into a joint agreement with Korean energy giant Korea Gas Corporation (KOGAS) to evaluate the possibility of developing a Korean system for the delivery of LNG to gas-fuelled ships.

The project will be divided into seven tasks with the Swedish cluster assuming responsibility for five of them. Each of the five tasks will have a special focus such as national and international regulations, forecasts of demand and risk evaluation.

A report on the project's findings will be presented at a workshop due to be held in South Korea at the start of April 2011.

The contract between the Swedish marine cluster and KOGAS is a result of the Joint Study Agreement between Business Region Göteborg and KOGAS signed in July 2009. The main purpose of the agreement is to develop cooperation between Sweden and South Korea in the field of natural gas, biogas and bioDME in order to promote mutually beneficial business relationships in these areas.

Business Region Göteborg AB is a non-profit organization dedicated to strengthening and developing trade and industry in the Gothenburg region. It represents 13 member municipalities and its goal is to contribute to sustainable economic growth, a high level of employment and a diversified economy.


Arctic Tern vessel. Wallenius Wilhelmsen takes delivery of first methanol-ready Shaper Class vessel  

The dual-fuel Arctic Tern will enter service on the Asia–Europe trade almost immediately.

Al Muraykh vessel. Hapag-Lloyd signs shore power agreement with Hamburg Port Authority  

Deal commits the carrier to using onshore power supply at all Hamburg terminals.

Dorthe Karin Bendtsen, KPI OceanConnect. KPI OceanConnect reports 21% rise in pre-tax earnings for 2025/26  

Marine fuel firm delivers 13 million tonnes and expands carbon markets capabilities amid geopolitical turbulence.

VTTI logo. VTTI Dalian completes first large-scale 'green methanol' vessel loading  

Cargo to be supplied as marine fuel in Shanghai.

Steff Tan, Oilmar. Oilmar appoints Steff Tan as marine fuels trader in Singapore  

New hire's background spans bunker operations, logistics, commercial trading, marketing, and business development.

Feng Da Hai vessel. Cosco Shipping adds methanol-ready bulk carrier Feng Da Hai to fleet  

The 64,000-tonne vessel is equipped with a methanol fuel system for future low-carbon operations.

Oilmar office in Dubai. Oilmar welcomes summer intern to Dubai branch  

Arpit Aryan will rotate across the bunker fuel trading, finance and operations departments.

Aerial view of the Dubai skyline. Oilmar takes on trading and finance intern in Dubai  

New intern to rotate across trading, operations and finance teams.

Seaspan and Maersk signing. Seaspan and Maersk deepen fleet efficiency collaboration with $75m upgrade programme  

Retrofit package for four 13,000-teu vessels includes installation of shaft generator to reduce auxiliary engine fuel consumption.

European Parliament building in Brussels. EU Parliament vote on soy biofuels could expose bloc to $5.6bn a year in trade sanctions  

MEPs reject regulation that would have phased out soy biofuels, risking WTO retaliation penalties.