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OKYO (Reuters) – Japanese trading house Sumitomo Corp says it signed a memorandum with Uyeno Transtech Ltd and Yokohama-Kawasaki International Port Corp for a joint study on ship-to-ship liquefied natural gas (LNG) bunkering in Tokyo Bay.
The three firms will jointly study the commercial feasibility of services using LNG bunkering vessels, Sumitomo said in a statement
The firms would remain open to the possible participation in such a business venture of other LNG-related companies, it said
LNG has been promoted as a more environment-friendly alternative to bunker fuel oil for shipping lines facing a 2020 deadline to meet new international standards on sulphur emissions (Reporting by Osamu Tsukimori)
(c) Copyright Thomson Reuters 2018.
This article contains reporting from Reuters, published under license.
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