K-LINE and FueLNG conclude ship management agreement for LNG-Bunker vessel

According to Kawasaki Kisen Kaisha, Ltd. (K-LINE), the partnership will combine K-LINE’s extensive ship management and LNG transportation experience with FueLNG’s LNG bunkering expertise.

The LBV is expected to commence LNG-bunkering service in Singapore, one of the world’s largest bunkering ports, in 2H2020 after delivery from Keppel Offshore & Marine’s shipyard where it is being built.

K-Line said in a statement that, this will be the first LNG Bunker Vessel providing ship-to-ship bunkering in Singapore.

In order for shipping companies to achieve increasingly stringent global regulations on greenhouse gas (GHG) emissions from ships, LNG as a marine fuel is considered one of the primary alternative fuels to replace conventional heavy fuel oil for its characteristics to emit less GHG and other air pollutants.

FueLNG is a 50:50 joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum (Pte) Ltd and works to build a world-class LNG bunkering network and encourage the adoption of LNG as a marine fuel.

Company has so far conducted more than 160 truck-to-ship LNG bunkering operations.