South Korean shipbuilding company STX Offshore & Shipbuilding Co. on Tuesday (6 October) reportedly said it has completed the design of a 7,500 cubic meter (m3) capacity liquefied natural gas (LNG) bunkering vessel.
It noted the project was co-developed with the government backed Korea Research Institute of Ships & Ocean Engineering (KRISO).
Manifold Times in early June reported the South Korean Ministry of Trade, Industry and Energy (MOTIE) stating it will grant a business KRW 15 billion (USD 12.4 million) to build a 7,500 m3 capacity LNG bunkering vessel capable of ship-to-ship bunkering operations.
MOTIE aims to bunker 700,000 metric tonnes (mt) of LNG by 2022, and 1.3 million mt by 2030.
Editor: It is unclear if both projects from STX Offshore & Shipbuilding and MOTIE are linked, apart from the similar 7,500 m3 capacity of both LNG bunker tankers.
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
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.