NYK and K Line say they have agreed to establish an LNG bunkering business in Japan and have established two joint ventures.
The two shipowners are teaming up with Chubu Electric Power Co and Toyota Tsusho Corp for the venture, they said in a statement on Thursday.
“LNG is expected to become an important alternative to heavy fuel oil due to its low emission rate of air polluting substances and greenhouse gases, which will enable ships to meet increasingly stringent international regulations on emissions,” the duo said.
