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AG&P makes strategic equity investment in Kanfer Shipping

Logistic News - Published on Tue, 19 Nov 2019

Image Source: .businesswire.
Global downstream gas and LNG logistics company Atlantic Gulf & Pacific has made a strategic equity investment in Kanfer Shipping, an innovative Norway-based developer of small-scale LNG sea transportation, maritime break-bulk solutions, floating storage facilities as well as LNG bunkering. Together, Kanfer and AG&P will make LNG more accessible and commercially viable for downstream customers in new and growing natural gas markets. Kanfer has captured the attention of the global LNG maritime infrastructure industry with its patented, unique barge design that makes breaking bulk cargoes of LNG easier, faster and more efficient. Kanfer’s revolutionary small-scale solution uses the patented Detachable Stern Vessel design to create an advanced version of the commonly used Articulated Tug Barge. Kanfer’s DSV efficiently transports LNG to and from an FSU, FSRU or land-based LNG terminals via a small and manoeuvrable barge that brings LNG to drop-points up rivers and along coasts.

Kanfer’s DSV distinguishes itself by easily navigating rivers and coastlines, including in poor weather conditions and difficult sea states, an improvement over traditional ATBs. Its shallow draft allows access to gas-starved downstream customers seeking a cleaner and lower cost fuel source by minimizing onerous marine infrastructure. These advantages enable new LNG service for smaller demand centers or for larger demand centers in places that are less accessible.

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Posted By : Yogender Pancholi on Tue, 19 Nov 2019
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