KOLB performs ship-to-ship bunkering

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KOLB performs ship-to-ship bunkering

 Korea LNG Bunkering deploys Jeju 2 for its first ship-to-ship liquefied natural gas bunkering. [KOLB]

Korea LNG Bunkering deploys Jeju 2 for its first ship-to-ship liquefied natural gas bunkering. [KOLB]

Korea LNG Bunkering (KOLB), a subsidiary of Korea Gas Corporation (Kogas), successfully executed ship-to- ship liquefied natural gas (LNG) bunkering for an LNG-powered vessel from May 4 to 6.
 
Founded by Kogas in December 2020, KOLB is the sole provider of LNG bunkering services in Korea. With the success of ship-to-ship bunkering, KOLB has proven that it is capable of offering all LNG bunkering options.
 
KOLB is currently operating one bunkering vessel with one additional vessel under construction scheduled to be operative in early 2023.
 
KOLB deployed Asia’s first dual purpose LNG bunker and carrier vessel “Jeju 2” for ship-to-ship bunkering.
 
The bunker vessel loaded LNG from Tongyeong Port in South Gyeon-sang on May 3, and made its voyage to Geoje Shipbuilding yard on May 4, where it delivered 4,400 meters cubed (4.4 million liters) of LNG to a recently- built LNG carrier owned by Greek company Gaslog.
 
To ensure successful and safe ship- to-ship bunkering, KOLB conducted thorough preparatory work including risk assessments and the installation of safety equipment, and closely cooperated with the Korea Register of Shipping, Samsung Heavy Industry and Korea Shipping throughout the entire process.
 
With this success of ship-to-ship bunkering following truck-to-ship and pipeline-to-ship bunkering operations last January, KOLB has laid its technical and commercial foundation to be an eco-friendly marine fuel provider with every bunkering option available.
 
The availability of ship-to-ship bunkering is meaningful for shipbuilders in particular, because it enables them to commission newly-built LNG carriers at their shipyards, expediting the shipbuilding schedule.
 
The recent success of ship-to-ship bunkering is expected to catalyze the LNG bunkering business targeting domestic and international shipbuilders and ship operators, while contributing to increasing demand for LNG-powered vessels and improving air quality over the long term.

By Shin Ha-nee [shin.hanee@joongang.co.kr]

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