EN 
it
Japanese shipping companies K Line and NYK Line have teamed up with Chubu Electric Power and Toyota Tsusho on establishing LNG bunkering business in Japan.
To that end, the quartet has launched two joint ventures on May 10, Central LNG Marine Fuel Japan Corporation and Central LNG Shipping Japan Corporation, which will run a LNG Bunkering vessel (LNG Fuelled) vessel to supply LNG at different locations such as along the quayside, pier or at anchor.
The talks on potential cooperation were launched in January this year on the commercialization of LNG Bunkering Business in the Chubu (central region) of Japan, as the four companies wanted to tap into the growing interest in LNG as environmentally friendly fuel and as an alternative to heavy fuel in the anticipation of the entry into force of more stringent environmental regulations on a global scale.
Going forward, each of the four companies will utilize the expertise and strengths that they each possess to propel the “Ship-to-Ship Bunkering” business.
Source: NYK Line