Sign up
Log in Sign up
Tue 20 Nov 2018 07:10

BIMCO to start work on LNG Bunker Purchase Contract in January


Two gas-related contracts expected to take 18 months to complete.

Shell's Cardissa vessel (right) bunkered the world's first LNG-powered Aframax tanker, Gagarin Prospect (left), in Rotterdam's maiden ship-to-ship LNG bunker delivery.
Image: Port of Rotterdam Authority
BIMCO is to start work on developing an LNG Bunker Purchase Contract in early 2019.

The new contract, together with an LPG Voyage Charter Party, are planned to be developed in Asia in an effort to further increase the involvement of the shipping association's members in the region.

Work on the two documents is to begin in January 2019 and is expected to take approximately 18 months to complete.

"An alternative fuels contract and a voyage charter for LPG are two key projects which have global resonance," remarked Grant Hunter, Head of Contracts and Clauses at BIMCO.

"This is an opportunity for BIMCO to optimise its documentary work by sharing some of the project tasks among Asian membership resources," Hunter said.

BIMCO says it is drafting teams for the two projects from China, Japan and Singapore, with additional expertise from European based members. The project is to be headed by Wei Zhuang, BIMCO's Asia Regional Manager based in Shanghai.

"I'm looking forward to bringing some of our important documentary work to the Asian region where there is solid demand for BIMCO's contracts and clauses," Zhuang remarked.

Lease agreement between Inter Terminals Sweden and the Port of Gothenburg, signed on July 1st. Pictured: Göran Eriksson, CEO of the Port of Gothenburg (left) and Johan Zettergren, Managing Director of Inter Terminals Sweden (right). New Gothenburg lease an opportunity to expand green portfolio: Inter Terminals  

Bunker terminal operator eyes tank conversion and construction projects for renewable products.
Map of US Gulf. Peninsula extends US Gulf operation offshore  

Supplier to focus on Galveston Offshore Lightering Area (GOLA) in strategy to serve growing client base.
The M/T Jutlandia Swan, operated by Uni-Tankers. Uni-Tankers vessel gets wind-assisted propulsion  

Fourth tanker sails with VentoFoil units as manufacturer says suction wing technology is gaining traction.
Port of Gothenburg Energy Port. Swedish biomethane bunkered in Gothenburg  

Test delivery performed by St1 and St1 Biokraft, who aim to become large-scale suppliers.
Image from Cockett Marine Oil presentation. Cockett to be closed down after 45 years  

End of an era as shareholders make decision based on 'non-core nature' of Cockett's business.
Petrobras logo. Petrobras confirms prompt availability of VLS B24 at Rio Grande  

Lead time for barge deliveries currently five days.
Opening of the IMO Marine Environment Protection Committee (MEPC), 83rd Session, April 7, 2025. IMO approves pricing mechanism based on GHG intensity thresholds  

Charges to be levied on ships that do not meet yearly GHG fuel intensity reduction targets.
Preemraff Göteborg, Preem's wholly owned refinery in Gothenburg, Sweden. VARO Energy expands renewable portfolio with Preem acquisition  

All-cash transaction expected to complete in the latter half of 2025.
Pictured: Biofuel is supplied to NYK Line's Noshiro Maru. The vessel tested biofuel for Tohoku Electric Power in a landmark first for Japan. NYK trials biofuel in milestone coal carrier test  

Vessel is used to test biofuel for domestic utility company.
Pictured (from left): H-Line Shipping CEO Seo Myungdeuk and HJSC CEO Yoo Sang-cheol at the contract signing ceremony for the construction of an 18,000-cbm LNG bunkering vessel. H-Line Shipping orders LNG bunkering vessel  

Vessel with 18,000-cbm capacity to run on both LNG and MDO.

↑  Back to Top


 Recommended