Forward Maritime Group Inc. has reportedly signed a letter of intent (LOI) with Jiangsu Yangzijiang Shipbuilding Group to build a total of 20 liquefied natural gas (LNG) fuelled bulkers for deliveries between 2020 and 2023.
The vessels will be trading under the Forward Ships brand when delivered.
Forward Maritime is a joint projected started and funded by Arista Shipping in 2013 to encourage the use of LNG as a marine fuel.
Project members include ship classification society ABS, vessel design, offshore engineering and construction firm Deltamarin, LNG engineering firm GTT, engine manufacturer Wartsila, and oil major Royal Dutch Shell.
Photo credit: Forward Maritime
Published: 11 April, 2018
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.