FueLNG to take delivery of second bunkering vessel in Q2 2023

Singapore’s FueLNG, a joint venture consisting of Keppel Offshore & Marine and Shell, is expecting to take delivery of its second bunkering vessel in the second quarter of 2023.

The LNG bunkering supplier said in a social media post that South Korea’s Hyundai Mipo launched the bunkering ship (Hull No. 8300), owned by Korea Line LNG, a unit of SM Group’s Korea Line, on November 16.

The Singapore-flagged bunker vessel with a carrying capacity of 18,000-cbm meters would be the largest LNG bunkering vessel in South East Asia, FueLNG claims.

It would have dual-fuel engines, two stern azimuth thrusters and one bow thruster, a sub-cooler, and a custom-designed bunker boom with vacuum insulated pipelines.

Following delivery in the second quarter of next year, the vessel owned by Korea Line LNG would start a long-term time charter with FueLNG, it said.

FueLNG says to take delivery of second bunkering vessel in Q2 2023
Image: FueLNG

Korea Line LNG ordered this vessel in April last year at Hyundai Mipo for about $60 million saying it would go on a charter with an Asian LNG bunkering supplier.

The contract includes a firm period of five years with options to expand it to ten years in total, the Korean firm said.

This vessel will join Singapore’s first LNG bunkering ship FueLNG Bellina, owned by FueLNG.

The JV completed the first bunkering operation with this ship to a CMA CGM vessel in March last year.

In June this year, Shell signed a new deal with France’s CMA CGM to bunker the latter’s LNG-powered containerships.

Under the multi-year bunkering deal, Shell will deliver LNG to CMA CGM’s 13,000-teu vessels in the Port of Singapore, starting from the second half of 2023.

Both of these bunkering ships will deliver LNG under the deal.

Most Popular

Atlantic LNG shipping rates dip to just $18,250 per day

Last week, LNG shipping rates continued to slide in both basins. “Spark30S Atlantic rates have dropped to record lows, reducing...

Shell CEO on 2025 LNG market outlook: ‘I don’t have a crystal ball’

Sawan was asked during Shell's third-quarter earnings call on Thursday if he could share his views on the 2025...

ExxonMobil CEO says Golden Pass LNG launch could slip into 2026

State-owned QatarEnergy owns a 70 percent stake in the Golden Pass project with a capacity of more than 18...

More News Like This

Shell CEO on 2025 LNG market outlook: ‘I don’t have a crystal ball’

Sawan was asked during Shell's third-quarter earnings call on Thursday if he could share his views on the 2025...

Shell’s Q3 profit reaches $6 billion, LNG sales up

The UK-based firm said its adjusted earnings reached $6.03 billion in the third quarter, down 3.1 compared to $6.22 billion...

Seatrium bags new LNG carrier repair jobs

Seatrium, previously known as Sembcorp Marine and renamed as Seatrium following its merger with Keppel Offshore & Marine, revealed the new...

Shell’s LNG Canada starts cooldown activities

LNG Canada previously said it would receive a cargo of refrigerants (liquefied petroleum gas) onboard the tanker Gaschem Atlantic. The...