First LNG bunker vessel in Singapore
K Line and FueLNG have concluded a ship management agreement for the 7,500m3 LNG bunkering vessel (LBV) that FueLNG will own and operate.
The LBV is expected to commence LNG bunkering service in Singapore, one of the world’s largest bunkering ports, in 2020 following delivery from Keppel Offshore & Marine’s shipyard where it is being built. This will be the first LNG bunker vessel providing ship-to-ship bunkering in Singapore.
The partnership will combine K Line’s ship management and LNG transportation experience with FueLNG’s LNG bunkering expertise, which includes more than 160 truck-to-ship LNG bunkering operations conducted to date.
In order for shipping companies to meet increasingly stringent global regulations on greenhouse gas (GHG) emissions from ships, LNG as marine fuel is considered one of the primary alternative fuels to replace conventional heavy fuel oil.
The K Line Group is promoting its effort to reduce GHG emissions in accordance with the company’s Environmental Vision 2050, providing logistics services that are more environmentally low-loaded and highly efficient.
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