Sinanju and ExxonMobile to develop LNG-powered bunker vessel

IIt will be the first of its kind in Singapore.

Sinanju Tankers’ operating arm, Sinanju Logistics Services, inked a two-year time charter agreement with ExxonMobil Asia Pacific (ExxonMobil) to build a new-build bunker tanker five months ahead of commencing operations.

The 7,990 dwt newbuilding will be the first bunker tanker for Singapore and Sinanju, to be powered mainly by liquefied natural gas (LNG).

The deal will commit the vessel to deliver ExxonMobil’s new EMF.5 Engineered Marine Fuels to ocean-going vessels within Singapore port limits from the first quarter of 2020.

The vessel, called “Marine Vicky”, is a 103-m-long, 19-m-wide bunker tanker classed by Bureau Veritas. It is equipped with a 55-m3 LNG tank paired with a fuel gas supply system on deck for engine propulsion.

The vessel will join Sinanju’s 13-vessel bunker fleet in December 2019.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.