A ship management agreement has been signed by Kawasaki Kisen Kaisha Ltd. (“K” LINE) and FueLNG Pte Ltd. (FueLNG) for the 7,500CBM LNG-Bunkering Vessel (LBV) that will be owned, operated and all commercial operations will be carried out by FueLNG.
This partnership will bring together the ship management and LNG transportation experience of “K” LINE with the expertise of FueLNG in LNG bunkering that comprises over 160 truck-to-ship LNG bunkering operations that have been conducted till now.
This will also facilitate the customers of FuelLNG with a reliable, expedient and seamless bunkering process.
The LBV might start LNG bunkering service in Singapore which will one of the largest bunkering ports in the world in 2020 following the delivery from shipyard of Keppel Offshore & Marine where it is being made. This will be the first ever LNG Bunker Vessel in Singapore that will provide ship-to-ship bunkering.
LNG is best available alternative to the traditional fuel oil that will help the shipping industry to meet the GHG emission regulations from ship.