Press Release
March 29, 2018
Uyeno Transtech Ltd.
Sumitomo Corporation
Yokohama-Kawasaki International Port Corporation

Memorandum concluded on joint study on Ship-To-Ship LNG bunkeringin Tokyo Bay

Uyeno Transtech Ltd. (Head Office: Yokohama, Kanagawa Prefecture; Chairman &President: Takashi Ueno; hereinafter, “Uyeno Transtech”), Sumitomo Corporation (HeadOffice: Chuo-ku, Tokyo; Representative Director, President and Chief Executive Officer:
Kuniharu Nakamura), and Yokohama-Kawasaki International Port Corporation (Head Office:Yokohama, Kanagawa Prefecture; President & CEO: Masamichi Morooka; hereinafter,“YKIP”) (hereinafter collectively referred to as “the three companies”) have concluded amemorandum on conducting a joint study on Ship-To-Ship liquefied natural gas (hereinafter,“LNG”) bunkering(Note 1) in Tokyo Bay (hereinafter, “the Joint Study”).
LNG as ship fuel is notable for generating lower emissions of sulfur oxides (SOX), nitrogenoxides (NOX) and carbon dioxide (CO2) than the heavy fuel oil conventionally used as marine
fuel oil. Expectations are high worldwide that it will serve as a more eco-friendly alternativefuel able to comply with tighter global cap on sulphur emissions from international shipping
due to go into effect in 2020. It is even forecast that about one-fourth of the world’s ship fueluse will be switched over to LNG by 2030, producing a global rise in the demand for LNG
fuel. At the same time, inadequate LNG bunkering infrastructure is among the reasons thatJapan and the rest of Asia lag far behind such leading regions as Europe and the US in
widely adopting LNG as marine fuel.
In hoping to turn Tokyo Bay, a gateway to Asia for ships sailing in the Pacific Ocean, into aLNG bunkering hub, the three companies will jointly study the commercial feasibility of ShipTo-Ship LNG bunkering services using LNG bunkering vessels all the while remaining open
to possible participation in such a business venture by LNG-related companies.
Uyeno Transtech is a Uyeno Group company responsible for maritime transport and, in thenearly 150 years since its founding in 1869, the Group has been involved in transporting,storing, and selling petroleum and chemical products essential to domestic industry andpeople’s day-to-day lives as well as in solar and maritime environmental projects. As amaritime transport company involved with the energy industry, Uyeno Transtech will be
examining LNG bunkering in Tokyo Port with its partner companies to ensure the Group’s
future by continuing to promote the use of LNG as a next-generation alternative fuel for
maritime transport and to broadly contribute to efforts to address global warming andadvance society.
Sumitomo Corporation has for a period of 66 years supplied primarily client maritime
transport companies with safe, reliable and low-cost shipping fuel, thereby helping to develop
global maritime transport and trade. Together with its partner companies, Sumitomo
Corporation will be building an industrial platform for procuring and supplying eco-friendly
and low-cost LNG, complementing its conventional shipping fuel supply operations bymeeting new customer demand for LNG. Sumitomo Corporation will be aiming through theJoint Study to encourage greater use of LNG as a ship fuel across the globe and to achievesustained growth in harmony with the global environment.
YKIP, the port operating company for Keihin Port, manages and operates the container
terminals for Yokohama Port and Kawasaki Port in an integrated fashion, and undertakesmeasures in pursuit of a policy of establishing strategic international container ports to further
bolster the international competitiveness of Japan’s ports. As one of those measures, YKIP
has endeavored to set up a LNG bunkering hub in Tokyo Bay, centered on Yokohama Port,
to comply with SOx emission restrictions in general sea areas scheduled to go into effect in2020. In cooperation with its partners, YKIP will be creating an environment to encourage
port calls by LNG-fueled vessels to ensure that this eco-friendly hub port in East Japansupports sustained social development.
(Note 1) Ship-To-Ship LNG bunkering: A method for supplying LNG-fueled vessels at theberth or anchorage area with LNG by LNG bunkering vessels<Reference>
Profile of Uyeno Transtech
Company name:Uyeno Transtech Ltd.

Head office:Yokohama, Kanagawa Prefecture

Description of business:

Domestically, the company’s primary business is maritime
transport of petroleum and chemical products, and it operates
about 70 vessels. Overseas, it does business in Southeast Asia

principally from its subsidiaries in Singapore and the Philippines.
Year established:

1869

Profile of Sumitomo Corporation
Company name:

Sumitomo Corporation

Head office:Harumi, Chuo-ku, Tokyo

Description of business:

The company engages in multifaceted business activities bymaking the most of its Integrated Corporate Strength. Thesebusiness activities include sales of a variety of products andservices within Japan, import and export, trilateral trade, anddomestic and international business investment.

Year established:

1919

Profile of YKIP
Company name:Yokohama-Kawasaki International Port Corporation

Head office:Minato Mirai, Nishi-ku, Yokohama, Kanagawa Prefecture

Description of business:

Construction, leasing, management, operation, etc., of container
terminal and affiliated facilities

Shareholder composition: Government of Japan: 50%, Yokohama City: 45%, Kawasaki
City: 4.5%, Sumitomo Mitsui Banking Corporation: 0.5%
Year established:

2016

Contact■ Sakura Kuma
Executive Director, Marketing and Sales Department
Yokohama-Kawasaki International Port Corporation (YKIP)TEL: +81-45-680-6583
FAX: +045-680-6637