Kawasaki Kisen Kaisha (K Line), Nippon Yusen Kaisha (NYK), Chubu Electric Power and Toyota Tsusho Corporation have joined forces to launch an LNG bunkering business in Japan.
The four companies have established two joint ventures to run gas bunkering in the central Japan area, including the joint ownership of LNG bunkering barges.
The International Transport Forum (ITF), which is part of the OECD, last month issued a 38-page report looking at Japanese LNG bunkering potential. The report urged local authorities to invest more in developing LNG bunkering solutions amid growing competition in Asia for the new ship fuel.
