BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



ITF report assesses Japan as potential LNG bunkering hub

Study examines the key steps that would need to be taken for Japan to become a key location for LNG bunkering.



Image credit: Pixabay CC0


Updated on 30 Apr 2018 16:23 GMT

The International Transport Forum (ITF) - an OECD-linked intergovernmental organisation that acts as a think tank for global transport policy - has published a new report that assesses the steps that would need to be taken in order for Japan to become a key hub in Asia for LNG bunkering.

The study, which focuses specifically on the Tokyo Bay area - notably the port of Yokohama, notes that Japan is the world's largest importer of LNG and has been involved in the development of LNG bunkering facilities for ships.

As a major trading nation, the report posits that the volume of Japan's maritime trade provides the basis for an LNG bunkering hub strategy, but that its success would depend on four key conditions: the uptake of LNG as a marine fuel; the availability of LNG bunkering facilities worldwide; emission regulations; and the strategic location of Japanese ports close to trade routes.

The study stresses that LNG bunkering stakeholders - including LNG importers, shippers and firms with expertise in the storage and handling of LNG - will need to be involved in the development of policies governing bunkering.

Also, to avoid over-investment, ITF suggests the plan to develop LNG infrastructure should be flexible in order to be able to scale up as demand increases. Hence, storage facilities and gas infrastructure should be able to accommodate a range of gases, such as bio-methane, the study says.

ITF also recommends that Japan continues with its efforts to stimulate international cooperation in LNG bunkering via meetings and joint projects, which could help facilitate the harmonisation of technical standards for LNG bunkering and promote transparent global LNG markets.

The report concludes: "This analysis confirms the strategic importance for Japan of investing in LNG bunkering facilities in anticipation of the 0.5% global sulphur cap in 2020. The sulphur regulations in the emission control areas in Northern Europe have generated orders and deliveries for LNG[-]fuelled ships operating in coastal trades. This might also happen in Japan in anticipation or following the 2020 sulphur cap.

"Given its current level of infrastructure, experience and geographical position, Japan will most likely be able to secure a competitive advantage vis-a-vis other Asian ports that are developing similar LNG bunkering facilities. With LNG bunkering facilities in place, particularly the ports in the Tokyo Bay area will strengthen their current position as key regional and international ports and enable the emerging East-West LNG[-]fuelled ship traffic to trade in Japan."






Related Links:

K Line and Uyeno join SEA\LNG coalition
Four Japanese firms plan LNG bunker business in Chubu
Marubeni and PTT study LNG bunkering in Laem Chabang
MOL signs deal to build LNG-fuelled tugboat
Singapore and Japan to conduct LNG bunkering study for car carriers
Japan

Latest News:

Study to examine fitting fuel-saving sails on Ultrabulk ship
Oil and fuel oil hedging market update
Improved net profit for Containerships despite 45% jump in bunker costs
Balearia begins first of six LNG retrofits
Friday's session was highly volatile with huge intraday swings
Construction starts on Oslo all-electric passenger vessel
NYK develops water-in-oil alarm to avert engine problems
Frontline expects IMO 2020 strategy to yield jump in cash generation: CEO
New Titan tool compares LNG with MGO
Oil and fuel oil hedging market update
Date set for Aegean final basis motions to be heard
Enjoy the sixties while they last




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events