The Maritime and Port Authority of Singapore (MPA) said on Monday it will provide S$6 million ($4.5 million) to FueLNG and Pavilion Gas for the construction of two liquefied natural gas bunkering vessels, in a move that will help promote ship-to-ship LNG bunkering in Singapore.
FueLNG, a joint venture between Keppel and Shell Eastern Petroleum, and Pavilion Gas will each receive a co-funding grant of up to S$3 million for their respective LNG bunker vessel.
The vessels are slated for delivery in 2020, and will be amongst the first of their kind in Asia, the MPA said in its statement.
This is a significant step towards cementing Singapore’s position as a leading LNG bunkering hub in the Far East, catering to large ocean-going LNG-fuelled vessels, the statement said.
“LNG is a viable marine fuel solution to meet global environmental regulations such as the International Maritime Organization’s (IMO) 0.5% global sulphur cap from 1 January 2020. As the world’s largest bunkering hub, we are pleased to support the building of the first two LNG bunker supply vessels for the Port of Singapore,” Andrew Tan, Chief Executive of MPA, said,