Singapore state-owned developer Pavilion Energy has chartered its first LNG bunker vessel for the supply of LNG in the Port of Singapore.
The vessel is the largest LNG bunker vessel set for use in the Port of Singapore to date and will be owned by Japanese shipping line Mitsui O.S.K. Lines (MOL).
"Pavilion Energy has made substantial headway that will see us supply a cleaner and more sustainable bunker fuel in the Port of Singapore. The strategic partnerships with Total and MOL reinforce our commitment to develop robust LNG bunker supply solutions in Singapore as our home base,” Frédéric H. Barnaud, Group CEO of Pavilion Energy, said.
Collaboration with Sinanju
The charter will be jointly managed by MOL in collaboration with Sinanju, a local bunker tanker operator in Singapore, with additional financial support from a S$3 million grant issued by the Maritime and Port Authority of Singapore (MPA).
"We would like to express our appreciation to MPA and our partners for their strong support behind this important milestone to realise LNG as marine fuel in Singapore."
Awarded to Pavilion Energy under MPA’s LNG Bunker Vessel Co-Funding Grant the funding will assist in the construction costs for the dual-fuel vessel, which will be carried out by Sembcorp Marine at its shipyard in Singapore.
GTT Mark III Flex membrane
The next generation design will feature a GTT Mark III Flex membrane with capacity for 12,000 cubic metre of fuel as well as a state-of-the-art hull with twin membrane LNG cargo tanks for more efficient boil-off gas management. Scheduled for delivery in early 2021, the vessel can act as both LNG feeder and bunker tanker for coastal and short sea trade.
"As the world's largest bunkering port, we are pleased to support the building of this LNG bunker vessel. We look forward to this collaboration catering to growing future demand for ship-to-ship LNG bunkering in the Port of Singapore,” Quah Ley Hoon, Chief Executive of MPA, said.
The bunker vessel charter follows a deal between Pavilion Energy and French energy firm Total last year for the co-share utilisation of the vessel alongside LNG bunker deliveries to both Pavilion Energy's and Total's marine fuel customers in the Port of Singapore.
“Pavilion Energy is at the forefront of change for cleaner and more responsible solutions with LNG bunkering. With our proven capabilities and global partnerships, our customers can look forward to reliable and competitive LNG bunker logistics and supplies that are readily available in Singapore, regionally and globally,” Pavilion said in a statement.