NYK assumes full control of former JV LNG bunkering company Marine LNG Zeebrugge

Japanese shipping firm NYK Line on Friday (6 November) said it has jointly dissolved Marine LNG Zeebrugge NV/SA,  a JV company created to manage the global brand “Gas4Sea” for the bunkering of LNG (liquefied natural gas) fuel for ships together with its venture partners.

NYK added its partners have agreed to transfer all shares of the exclusive vessel holding company for the LNG bunkering vessel (LBV) Engie Zeebrugge to NYK and make the holding company a wholly owned subsidiary of NYK.

NYK noted it has changed the name of the LBV from Engie Zeebrugge to Green Zeebrugge, and continue to use the ship, utilising the know-how and technical capabilities cultivated through the LNG bunkering operations so far.

In response to the expected increase in global demand for LNG fuel, NYK will start LNG-fuel bunkering business under a new scheme in the future.

In accordance with its medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” the NYK Group has indicated its goal to integrate ESG principles into management strategies to implement green business initiatives and has been dedicated to achieving the SDGs through the group’s business activities.

The Group said it will continue to develop the LNG-fuel market in terms of LNG-fuel bunkering, promote the conversion of marine fuel to LNG, and contribute to reducing shipping’s environmental burden.

Photo credit: Gas4Sea
Published: 9 November, 2020