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Probunkers Holding applies for LNG bunkering license at Singapore port

17 Dec 2020

Global liquified natural gas (LNG) bunkering supplier Probunkers Holding on Wednesday (16 December) said it responded to a Request for Proposal (RFP) by the Maritime and Port Authority of Singapore (MPA) for new licensees for supply of LNG as a marine fuel at the port of Singapore in October.

In the announcement MPA said it will issue up to two additional LNG bunker supplier licenses to support growing demand for LNG bunkers at the Port of Singapore.

Probunkers said the submission request for an LNG bunkering license at the port of Singapore is aligned with its business plan. 

“Our submission request for an LNG bunkering license for the Port of Singapore supports our quest to become the first independent global LNG bunker supplier,” said Alexander Prokopakis, Probunkers’ CEO. 

“The global LNG fuelled fleet is growing and we see an increasing interest from charterers and shipowners for LNG as a marine fuel.  It is widely acceptable that in order to see significant development in LNG as a marine fuel changes need to be made.  

“It is time for more commercial and transparent practices along the lines of traditional oil bunkering.  Long term contracts and commitments are the way of doing business in the past, the industry needs to move forward.  This is the value proposition Probunkers offers.”

MPA said the announcement for the successful award of new LNG bunker supplier license(s), if any, will be by February 2021.

The current two licensed LNG bunker suppliers in the Port of Singapore are FueLNG Pte Ltd and Pavilion Energy Singapore Pte Ltd.

Related: Singapore: MPA calls for proposals to award to more LNG bunker supplier licenses
Related: Probunkers signs LOI with Hyundai for construction of two LNG bunker vessels

Photo credit: Manifold Times
Published: 17 December, 2020

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