04MAR2019 - NEWS - Japan based shipping firm MOL inks long term charter deal for operating Asia’s largest LNG bunkering vessel in Singapore

Japan based shipping firm Mitsui O.S.K. Lines (MOL) has recently signed a long term charter contract to operate Asia’s largest LNG bunkering vessel in Singapore. Under the agreement with Singapore-based Pavilion Gas, a subsidiary of Pavilion Energy, the 12,000 cbm bunkering vessel would be built by Sembcorp Marine and managed by bunker barge company Sinanju Tankers. The new ship will be the second LNG bunkering vessel in Singapore. It is scheduled to start services after its delivery to Pavilion Gas in early 2021. The deal was agreed ahead of the upcoming 2020 sulphur cap regulations. Singapore’s Maritime and Port Authority (MPA) is focusing considerable effort on development of an LNG fuel supply infrastructure and implementing policies aimed at creating the world’s largest LNG fuel supply port.

Published by Editor - www.Livebunkers.com at 04-Mar-2019 07:10:34 [UTC] , contact editor at editor@livebunkers.com