27AUG2019 - NEWS - Northstar Midstream Expanding Into LNG Bunkering

NorthStar Midstream, a company that is 50% owner of the JAX LNG terminal in Jacksonville, FL, is expanding into the marine bunkering business, targeting operators of cruise and cargo ships that are planning to use natural gas as bunker fuel.

Northstar, which is owned by investors in funds managed by Oaktree Capital Management LP, has formed a new company, Polaris New Energy, which has ordered an LNG barge that will be built at the Fincantieri Bay Shipbuilding yard in Sturgeon Bay, WI. The barge is scheduled for delivery at the end of 2021.