Sinanju Tankers expands bunkering footprint into the LNG marine fuels sector
Singapore bunker tanker owner and operator Sinanju Tankers Holdings Pte. Ltd. (“Sinanju”) has entered into a shipmanagement collaboration agreement with Mitsui O.S.K. Lines Ltd. (“MOL”) for a 12,000 m3 GTT Mark III Flex membrane liquefied natural gas (LNG) bunker vessel.
The newbuilding built by Sembcorp Marine Ltd. at its Singapore shipyard, is slated for delivery in early 2021. It will be the largest LNG bunkering vessel set for use at the Port of Singapore for ship-to-ship LNG bunker deliveries.
Pavilion Energy Pte. Ltd. and Total Marine Fuels Global Solutions have formed an agreement to co-share the utilisation of this dual-fuel LNG bunker tanker that will be chartered by Pavilion Gas Pte Ltd., a wholly owned subsidiary of Pavilion Energy – one of two licensed suppliers of LNG bunker fuels in Singapore.
Mr. Ju Kai Meng, Managing Director of Sinanju said, “We are delighted to partner MOL to promote the development of infrastructure and competencies in LNG fuel deliveries for Singapore. MOL’s expertise in LNG and our strong foundation in fuel oil bunkering augurs well for a successful collaboration in meeting the growing demand for LNG as a marine fuel.”
Industry reports indicate the growing interest of shipowners opting for LNG as a marine fuel to comply with the International Maritime Organization 0.5% global sulphur cap regulation which enters into force on 1 January 2020.
“While Singapore has entrenched itself as the world’s largest bunkering port, our foray into LNG bunkering is still in its early stages. Sinanju is committed to extend our unstinting support towards developing Singapore as a leading LNG bunkering hub as we have in the marine fuel oils sector,” Mr Ju added.
In April 2018, Sinanju announced that it had placed an order to build Singapore’s first LNG-powered conventional bunker tanker, which it will manage and operate when delivered later this year. Coupled with this latest tie-up with MOL, Sinanju has established itself as Singapore’s leading bunker operator in the LNG marine fuels sector.
Source: Sinanju Tankers Holdings Pte. Ltd.