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
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.