Yamamizu Corporation and Fearnleys AS shipbroking companies join SEA\LNG Coalition

• 21 Jun 2018

SEALNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, today announced that it has welcomed Exeno Yamamizu Corporation (Yamamizu) & Fearnleys AS as the first shipbroking companies to join its membership coalition.

The coalition whose membership currently stands at 33 organisations, is committed to uniting knowledge and expertise from across the LNG value chain, including shipping companies, ports, major LNG suppliers, classification societies, downstream companies, infrastructure providers, shipyards, financial institutions, OEMs, and most recently shipbrokers.

Peter Keller, SEALNG chairman and executive vice president, TOTE Inc., said: “SEALNG is pleased to welcome Exeno and Fearnleys to its membership coalition. Our members continue to be a strong voice advocating for LNG as a cost-effective, safe, and more environmentally friendly long-term fuelling solution. The support for and momentum behind the use of LNG as a marine fuel, particularly in the last 18 months, demonstrates the need for pooling knowledge and working collaboratively to break down the barriers to LNG uptake ahead of the 2020 global sulphur cap.”

Japan-based shipbroking company, Exeno Yamamizu has a long history in shipping, including dry bulk chartering of all ship sizes and all cargo types. Since April 2017, its energy department has been responsible for managing LNG-related chartering services for several clients such as utilities, gas companies, trading houses, ship owners and operators, among others.

In addition, the energy department is responsible for monitoring the growing demand of LNG as a marine fuel, and for facilitating business development in this emerging market by coordinating information about LNG bunker supply vessels, barges, and loading facilities in Japan and abroad.

Hisaaki Masuda, president, Exeno Yamamizu Corporation, said: “Exeno Yamamizu Corporation has a great wealth and breadth of expertise in relation to LNG as well as the wider marine industry. We look forward to working collaboratively with our fellow SEALNG members to support the growth and development of LNG as a marine fuel as the preferred fuel choice of the future.”

For nearly 150 years, Fearnleys has been a major international shipbroking company providing chartering, sale & purchase, and newbuilding contracting services in almost all shipping sectors, including dry cargo, tankers, and offshore. Fearnleys’ involvement in LNG began in the late 1960s. Today, the company has a team of 15 personnel focussed exclusively on LNG, with offices in Japan, Korea, China, Singapore, Oslo, Houston, and London.

Kristian Sorensen, CEO – global head of shipbroking at Fearnleys AS, said: “We are very pleased to join the SEALNG coalition and to collaborate with its membership to meet the challenges of the future marine fuel environment. We look forward to lending our knowledge and expertise as we continue to work together to achieve the common goal of making LNG the fuel of choice for the shipping industry.”