Daewoo Shipbuilding & Marine Engineering (DSME) on Monday (7 December) reportedly signed a letter of intent to build 10 liquified natural gas (LNG) powered very large crude carriers (VLCCs) with a European client.
If the deal is confirmed, the contract is purportedly worth KRW 1.1 trillion (USD 1 billion), with each 300,000 tonne vessel estimated to be worth around USD100 million.
DSME allegedly expects to finalise the deal within the first quarter of 2021.
Last week, DSME reported it had cinched a USD 260 million order for three LNG dual-fuel VLCCs from Abu Dhabi National Oil Company (ADNOC). The contract includes options for three additional ships.
The vessels will be designed to run on LSFO, instead of being fitted with a scrubber, to meet the IMO 2020 Sulphur Cap, or feature a dual-fuel engine enabling the ship to run on LNG as its potential future fuel.
The vessels in the current deal are purportedly scheduled for delivery in the first quarter of 2023.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.