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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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