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Singapore: Singfar International makes shipping market debut with 5+5 DF bunker tanker newbuilding order

04 May 2021

Note: The following announcement is exclusive to Singapore bunkering publication Manifold Times.

Singapore-based vessel owning, newbuilding and chartering firm Singfar International Pte Ltd (SFI) on Wednesday (28 April) entered into a memorandum of understanding (MoU) with Lianyungang Shenghua Shipbuilding Co., Ltd (LYGSH) for the joint development and construction of a series of 7,000 dwt bunker tankers.

The MoU signed at the LianYunGang Regional Comprehensive Economic Partnership (RCEP) Forum held in Shanghai will oversee LYGSH building five liquefied natural gas (LNG) propelled dual fuel (DF) bunker tankers, together with an option for five more sister ships, for SFI.

The newbuildings constructed at the shipyard in Lian Yun Gang, situated in the Jiangsu province of China, complies with the Singapore Maritime and Port Authority’s (MPA) latest requirements for bunker tankers and will be used to deliver conventional marine fuels at Singapore port.

The DF bunker tankers will be equipped with DF capabilities for both main and auxiliary system, and will feature other power saving devices and improved hull forms to deliver the best environmental performance in their operations.

“Singfar International is proud to enter this MOU for the newbuilding order of 5+5 dual fuel bunker tankers with Lianyungang Shenghua Shipbuilding,” said Pai Hong Yao, Managing Director of the company.

“This project is our first foray into Singapore’s bunkering sector; we are thrilled to be able to contribute our expertise in newbuilding design and construction management to support Singapore’s push towards environmental sustainability in the maritime industry.”

“We are keen to collaborate with other like-minded partners both locally and internationally as we establish ourselves as the latest player within the world’s largest bunkering port.”

Pan Sheng, Chief Executive Officer of LYGSH, says the shipyard is honoured to be entrusted by SFI for its first bunker tanker project.

“Our shipyard delivered its first bunker tanker to a Singaporean owner in 2010 and has since delivered more than 15 bunker tankers that are now in service within Singapore waters,” he shares.

“The shipping industry, including the bunkering sector, is moving towards decarbonisation; and Lianyungang Shenghua Shipbuilding intends to provide the niche marine refuelling sector the equipment and technology in order to successfully do so.”

Singapore bunker supplier Sentek Marine & Trading Pte Ltd will be leasing two DF bunker tanker newbuildings from SFI after their scheduled deliveries from 2023, with the option to lease additional units.

 

Photo credit: Singfar International
Published: 4 May, 2021

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