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.”
Photo credit: Keppel Corporation
Published: 7 June, 2018
‘We’ll start the application [to MPA] before the end of 2022 and hopefully to receive approval within six months or sooner,’ L. Y. Hwang, Director / General Manager of Oval Asia Pacific Pte Ltd, tells Manifold Times.
Digitalisation makes it easier for shipowners to conform to growing external regulations such as new sulphur regulations and ‘no scrubber’ zones; operators can identify better bunkering options to reduce costs.
Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Fifteen incidents of misappropriation of Shell gasoil worth USD 10,4 million went undetected by Shell between 2016 to 2017 due to Muhammad Ali Bin Muhammad Nor’s involvement, learned Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.