GAC has set up a new operations office in Japan to cater to a growing demand for ship agency and husbandry services.
The new office will act as a general agent to provide services at all ports and terminals through its local partners.
GAC Japan is the latest development of the company's presence in Japan. 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 percent of the world's demand for LNG, Nystrom is 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."
In a statement GAC Japan's Yuichi Adachi, who was responsible for setting up the Japanese entity explains that GAC has been providing marketing and marine consultancy services in Tokyo since the 1990s. "Beyond offering ship agency services, we look forward to introducing GAC's other support services such as hub agency, disbursement management and information services to owners and charterers of these tankers and bulk vessels."