GAC informed it has set up an operations office in Japan to cater to a growing demand for ship agency and husbandry services in the light of a burgeoning energy sector.
GAC Japan will act as a general agent to provide services at all ports and terminals through its local partners, it said in a statement.
Fredrik Nystrom, GAC’s Asia Pacific Group Vice President, says increasing Japanese imports of liquefied natural gas (LNG) and thermal coal as a result of its government’s revised energy policy plan have boosted the country’s shipping sector and raised the demand for world-standard support services for the industry.
As Japan accounts for more than 30% of the world’s demand for LNG, he is particularly optimistic about the growth potential for GAC’s services: “The Japanese government has made LNG the first ‘fuel of choice’ for power generation, and this is good news for ship agency service providers like GAC, as more LNG shipments arrive from conventional and new supply sources at the country’s major LNG import terminals. With the rise in port activities comes a need for agency services, and this prompted us to open an operations office here.”