According to Bloomberg, the Japanese power company Tohoku Electric Power Co. plans to fund offshore wind projects with a landmark sale of green bonds in order to give a boost to the region’s environmentally friendly investments.
Panama, Norway, Greece and other actors are co-sponsoring a proposal originally tabled by Japan to curb the carbon intensity of existing ships through use of an Energy Efficiency Existing Ship Index (EEXI), much like the Energy Efficiency Design Index (EEDI) which is mandatory for new ships.
Japan’s health ministry has informed that two passengers of the Diamond Princess cruise ship have died from the novel coronavirus. The news come as passengers from the ship that have been tested negative are starting to leave the ship after two weeks of quarantine.
Hiroshima Gas along with Tokyo LNG Tanker and Tokyo Gas came together and signed an agreement for the liquefied natural gas transportation. Under the deal, some of the LNG produced by Hiroshima Gas and Tokyo Gas from Sakhalin, Russia, will be transported simultaneously through the Tokyo LNG Tanker from 2020 until 2027.
Japan has formally requested WTO dispute consultations with South Korea regarding alleged subsidies provided by the S. Korean government to its shipbuilding industry. Japan’s request was circulated to WTO members on 10 February.
ABS recently announced that granted an Approval in Principle (AIP) to Kawasaki Heavy Industries regarding its LPG as fuel system design. Specifically, KHI highlights that its dual-fuel engine is capable of using both marine diesel oil and LPG as fuel, while reduces fuel consumption, following the NOx Tier 3 regulations.
In light of the coronavirus outbreak situation, the Japanese Ministry of Defense recently informed that has prepared a 17.000 GT ferry vessel, in order to provide temporary accommodation for Japanese nationals who return from China.
According to a recent statement, Marubeni Corporation, has decided to implement the construction; operation and maintenance of the offshore wind farms at Akita Port and Noshiro Port in Akita Prefecture, through the special purpose company “Akita Offshore Wind Corporation” (AOW) established in April 2016 and together with other Joint Business Partners.
Japan has filed a petition against South Korea with the World Trade Organization, in which it accuses Seoul of providing excessive aid to the domestic shipbuilding industry. Last week, Japan called South Korea to talk regarding the matter based on WTO rules. However, if the negotiation fail, Japan will seek to establish a dispute settlement panel.
Japan’s Institute of Energy Economics recently issued its 2020 Energy Outlook in Japan and World, highlighting that region’s average LNG import price is set to low. Namely, the Institute estimates a drop from around $10 per million British thermal units (mBtu) in 2019 to below $9 per mBtu during 2020.
