MOL Signs LNG Charter with Pavilion Gas

Shailaja A. Lakshmi
Monday, February 25, 2019

Mitsui O.S.K. Lines (MOL) has announced that it has signed a long-term charter contract to operate Asia's largest (12,000m3-class) LNG bunkering vessel in Singapore, the world's largest fuel supply port, with Pavilion Gas, a wholly-owned subsidiary of Pavilion Energy.

Demand for LNG as bunker fuel is expected to grow on a global scale as stricter SOx regulations take effect in January 2020. 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.

The Japanese government also concluded a "Memorandum of understanding in relation to the cooperation on the development of LNG as a marine fuel" with seven other countries, including Singapore.

Since then the Japanese government has worked closely with Singapore to promote the use of LNG fuel and develop a supply framework.

MOL has proceeded on the project with PGPL to build a cooperative structure in the private sector. They have teamed with Sembcorp Marine Specialised Shipbuilding Pte. Ltd., a subsidiary of Singapore-based Sembcorp Marine Group, for construction of the vessels, and Sinanju Tankers Pte. Ltd., which is a major bunker barge company, for a partner of ship management.

The new ship will be the second LNG bunkering vessel in Singapore and is slated to start services after its delivery to PGPL in early 2021.

In April 2017, with the aim of speeding up progress on business related to alternative bunker fuels such as LNG, MOL established the Bunker Business Division to enter the bunker business in an integrated fashion.

In other regions besides Singapore, in February 2018, it signed a long-term charter contract for the world's largest (18,600m3-class) LNG bunker vessel with Total Marine Fuels Global Solutions, which will offer services in northern Europe.

In Japan, it will launch the LNG-fueled tugboat Ishin (Note 3) in Osaka Bay in April. MOL continually promotes development of infrastructure to supply LNG fuel and drives LNG fueled vessels.

Categories: LNG Bunkering Charter Vessles

Related Stories

Eni Strengthens LNG Ties with Japan

Mitsubishi Boosts Stake in Petronas’ Malaysia LNG Plant

IK Group Spins Off Norclamp

Izomax Wins a Milestone Contract with Shell

Petronas, ADNOC, Storegga Target 5M tons per year of Carbon Capture

A Hydrogen Balancing Act in Offshore Energy

Environmental Group Backs Out of Scarborough Litigation

China’s First Offshore Wind Power SOVs Delivered

Heat Drives Asian LNG Spot Price Spike

Shipbuilding: Wind Turbine Installation Vessel Delivered to Cadeler

Current News

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms

Beam’s AI-Driven AUV to Hit Offshore Wind Market in 2025

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com