SIPG establishes LNG bunkering joint venture

SIPG establishes LNG bunkering joint venture

Shanghai: Shanghai International Port Group (SIPG) has established a joint venture with Shanghai local energy firm Shenergy to develop an LNG business.

The two companies have each invested RMB30m ($4.83m) to take a 50% share in the jv, Shanghai Port Energy Company, which will develop LNG bunkering stations at Shanghai’s Yangshan Port and Waigaoqiao Port. The company will also conduct research and development for LNG-powered vessels.

The two companies signed a framework agreement in December 2014 to jointly develop clean energy and green port in Shanghai.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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