LNG

Dec 16 (LNGJ) - Greece-based company Probunkers has responded to the Port Authority of Singapore (MPA) Request for Proposal for new licensees to  supply liquefied natural gas in the Asian city-state port. “Our submission request for an LNG bunkering licence for the Port of Singapore supports our quest to become the first independent global LNG bunker supplier,” said Probunkers Chief Executive Alexander Prokopakis.

   “The LNG-fuelled fleet is growing and we see an increasing interest from charterers and shipowners for LNG as a marine fuel,” explained Prokopakis. “It is widely acceptable that in order to see significant development in LNG as a marine fuel changes need to be made. It is time for more commercial and transparent practices along the lines of traditional oil bunkering. Having long-term contracts and commitments was the way of doing business in the past. The industry needs to move forward,” stated the CEO.

Jan 21 (LNGJ) - Greek company Probunkers said it had agreed terms with Hyundai Mipo Dockyard of South Korea for the construction of two LNG bunkering vessels, each with 7,600 cubic metres of capacity.

   The accord in the form of a letter of intent came after a long process during which the Greek firm’s technical team reviewed more than 30 ship design proposals. Probunkers said the initial agreement with the Korean yard underlined its aim of bringing quality and reliability to customers.

The American Bureau of Shipping, the US classification society, has signed a joint development program (JDP) with Athens-based company Probunkers to provide technical support as it embarks on designing a fleet of specialist LNG bunker vessels for key ports.