SEA\LNG BROADENS LNG SECTOR KNOWLEDGE WITH THE ADDITION OF FEARNLEYS AS & EXENO YAMAMIZU CORPORATION

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Leading shipbroking companies join growing coalition’s vision of a competitive LNG value chain for cleaner maritime shipping by 2020

LONDON, 21 JUNE 2018: SEA\LNG, 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, SEA\LNG chairman and executive vice president, TOTE Inc., said: “SEA\LNG 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 SEA\LNG 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 SEA\LNG 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.”

SEA\LNG and its member organisations continue to advocate for the need to collaborate, demonstrate, and communicate on key areas such as safety, regulation, emissions, and the economic case, to provide the confidence and demand required for an effective and efficient global LNG value chain by 2020.

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Notes to editors

  • For the latest SEA\LNG news, please visit: https://sea-lng.org/news-and-views/
  • To share news about the coalition, please tweet us @SEALNGcoalition

About SEA\LNG
SEA\LNG brings together key players from across the supply chain, including shipping companies, classification societies, ports, major LNG suppliers, downstream companies, infrastructure providers and OEMs (original equipment manufacturers) to address market barriers and transform the use of LNG as a marine fuel.

SEA\LNG is a not for profit collaborative industry foundation serving the needs of its member organisations. SEA\LNG’s members include: ABS, Carnival Corporation & plc, Clean Marine Energy, DNV GL, Eagle LNG Partners, ENGIE, Exeno Yamamizu, Fearnleys AS, Gas Natural Fenosa, GE, GTT, JAX LNG, Keppel Gas Technology, “K” LINE Group, Lloyd’s Register, MAN Diesel & Turbo, Marubeni Corporation, Mitsubishi Corporation, Mitsui & Co., Ltd., Novatek Gas & Power, NYK Line, Petronet LNG, Port of Rotterdam, Qatargas, Shell, Société Générale, Sumitomo Corporation, Total, TOTE Inc., Toyota Tsusho, Uyeno Group of Companies, Yokohama-Kawasaki International Port Corporation (YKIP), and Wärtsilä.

SEA\LNG is guided by a board, which is led by chairman Peter Keller. Each member organisation commits mutually agreed human resources, data analysis and knowledge sharing in support of SEA\LNG initiatives and activities and financially contributes via a membership fee.

The SEA\LNG coalition was established by Xyntéo, an advisory body which works with global companies to identify and implement collaborative initiatives that enable businesses to grow in a new way, fit for the resource, climate and demographic realities of the 21st century.

About Fearnleys AS
Fearnleys is a major International Shipbroking Company providing Chartering, Sale & Purchase and Newbuilding Contracting Services. In addition to our Head Office in Oslo we provide Shipping Services from 10 offices worldwide. The company is a part of the Astrup Fearnley group which has a maritime heritage dating back to 1869. We are also engaged in Financial Services, Offshore Rig & Supply Vessel Services as well as Energy Broking. The group as a whole employs about 350 personnel in 13 offices in 10 countries. For more information, visit: www.fearnleys.no

About Exeno Yamamizu Corporation
Headquartered in Tokyo and founded in 1947, 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. Exeno Yamamizu also offers port agency, marine business, and shipbuilding services at its Honda Heavy Industries Co., Ltd. shipyard. For more information on Exeno Yamamizu Corporation, please visit: http://www.exeno.co.jp/en/index.html.

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