SEA\LNG STRENGTHENS TIES WITH JAPAN AS TWO NEW MEMBERS JOIN GROWING COALITION

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LONDON, 01 MARCH 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 the addition of the “K” LINE Group and Uyeno Group of Companies (Uyeno Group) to its growing member roster. “K” LINE and Uyeno Group bring valuable insight from the thriving LNG value chain in Japan and elsewhere, and their acceptance into the coalition is demonstrative of SEA\LNG’s commitment to facilitating further growth in the region.

Peter Keller, SEA\LNG chairman and executive vice president, Tote, said: “Collaboration, demonstration and communication on key areas such as safety, regulation, emissions and the economic case for LNG are essential to strengthening the increasing confidence and demand required for an effective and efficient global LNG value chain by 2020. Our members in Japan are doing important work, both in the region and across the world, which contributes significantly to helping us achieve our mission.”

SEA\LNG sees Japan as growing in importance as a location for LNG-fuelled shipping and bunkering. “K” LINE and Uyeno Group now stand alongside a host of Japanese organisations which have joined SEA\LNG in its commitment to accelerating LNG adoption in the nation’s ports and waters, as well as globally, including Yokohama-Kawasaki International Port Corporation (YKIP), Marubeni, Mitsubishi Corporation, Mitsui & Co., NYK Line, Toyota Tsusho Corporation, and Sumitomo Corporation.

The “K” LINE Group is an integrated logistics company which owns and operates various fleets tailored to worldwide marine transportation needs. In April 2017, the Group launched a new business division devoted to the transportation of LNG and LPG, to broaden its involvement in both the upstream and downstream business of the global energy value chain.

Satoshi Kanamori, general manager of liquefied gas new business group, “K” LINE, said: “We expect long-term global demand for LNG to grow as a clean energy resource. In addition to conventional LNG transport operation, our new division will also spearhead efforts to enter new business fields, such as floating storage and regasification units (FSRUs) which can cope with the needs of emerging economies that require shorter lead times. Working with SEA\LNG, we hope to collaborate with organisations from across the LNG value chain to improve bunkering infrastructure and stimulate demand for LNG across the Asia-Pacific region, and beyond.”

Uyeno Group is a group of organisations which provides specialised logistics solutions for the storage and transportation of petroleum and petro-chemical products. Established in 1869 in Yokohama, the organisation expanded into South East Asia early in its lifespan and has a wealth of experience in bunker barge and shuttle tanker operation.

Kazutoshi Takao, executive managing officer, Uyeno Group, said: “As attitudes and regulations surrounding the marine and energy sectors transform with the times, Uyeno Group is diversifying its business offering into the clean energy business. We have a sound reputation in the safe and efficient storage and transportation of gas and petrochemical products; we look forward to engaging with Japan’s growing LNG market and leveraging our decades of experience to further SEA\LNG’s global mission.”

SEA\LNG remains committed to uniting knowledge and expertise from across the value chain, including shipping companies, ports, major LNG suppliers, classification societies, downstream companies, infrastructure providers, shipyards, and OEMs. The coalition’s membership continues to be a strong voice advocating for LNG as a cost effective, safe, and more environmentally friendly long-term fuelling solution.

Notes to editors

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, Gas Natural Fenosa, GE, GTT, JAX LNG, Keppel Gas Technology, “K” LINE Group, Lloyd’s Register, 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 “K” Line

“K” LINE Group is promoting environmental measures based on “K” LINE Environmental Vision 2050 that is the Group’s long-term environment management vision toward 2050. Having more than 40 years of experience in operation and management of liquefied gas carriers, we will continue to aim with collective effort of “K” LINE Group for the realization of being a business that enables a greater number of people around the world to enjoy the advantage of marine transportation characterized by a lower environmental load and higher efficiency by means of marine fuels such as LNG and LPG that are more environmentally friendly.

About Uyeno Group of Companies

For nearly 150 years since its establishment in 1869, the Uyeno Group has been engaged in the transportation, storage, and sale of petroleum and chemical products that are indispensable to industries and everyday life, as well as in the solar and marine environment businesses.

Today, the Uyeno Group is made up of 35 companies including Uyeno Transtech Ltd., a leading company with a successful track record for the marine transportation of petroleum and chemical products; Uyeno Yuso Ltd., which provides land transportation services for the same; and Uyeno Green Solutions Ltd., which works to expand the company’s solar business, including mega solar power plants, as a system integrator for solar power generation systems. Based on its energy-related businesses of petroleum and chemical products, renewable energy and LNG, Uyeno Group strives to make a difference across a multitude of business sectors and contribute positively to the development of society.

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