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Keppel Singmarine to build $37.6 million LNG bunker tanker

07 Jun 2018

Keppel Offshore & Marine Ltd (Keppel O&M) through its wholly-owned subsidiary, Keppel Singmarine Pte Ltd, will be building South East Asia's first liquefied natural gas (LNG) bunkering vessel valued at approximately SGD $50 million (USD $37.6 million).

The contract, placed by Keppel O&M and Shell Eastern Petroleum (Pte) Ltd LNG bunkering joint venture FueLNG, will schedule the newbuilding for completion in 3Q 2020.

The dual-fuel LNG bunkering vessel will have a capacity of 7,500 cubic metres. It is also designed with a barge-like extended flat surface to maximise vessel compatibility for LNG bunker delivery to a wide range of vessels.

“We are delighted to build FueLNG's first LNG bunkering vessel, which comes on the back of other recently secured contracts for newbuild solutions along the gas value chain,” said Abu Bakar, Managing Director (Gas & Specialised Vessels), Keppel O&M.

“Keppel O&M is able to harness its expertise in newbuilds and LNG to provide customised solutions for clients, and is in a strong position to capture opportunities as the industry adopts greener solutions.”

FueLNG will receive a grant of up to SGD $3 million as part of the Maritime and Port Authority of Singapore's (MPA) LNG Bunkering Pilot Programme (LBPP) for the construction of the LNG bunkering vessel.

“We are pleased that FueLNG, Keppel and Shell are taking the lead in growing the LNG bunkering infrastructure in Singapore,” notes Andrew Tan, CEO of MPA.

“As the world's largest bunkering port, it is important that we support the development of LNG bunkering in our port to cater to future demand for LNG as a marine fuel.”

Related: First LNG bunkering vessel in South East Asia ‘on order’
RelatedSingapore will have two LNG bunkering vessels operating by 2020

Photo credit: Keppel Corporation
Published: 7 June, 2018

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