Keppel and Shell form LNG bunkering joint venture in Singapore

Keppel and Shell form LNG bunkering joint venture in Singapore

A 50:50 joint-venture (JV) company has been formed between subsidiaries of Keppel Offshore & Marine and Royal Dutch Shell that will establish an LNG bunkering business in Singapore.

Singapore-based companies KS Investments and Shell Eastern Petroleum entered into a shareholders’ agreement for the JV on Thursday, Keppel Corp said in an exchange filing.

The JV plans to supply LNG bunkering operations and related services to vessels at the city-state’s port.

The Port of Singapore has been keen to get ahead of the crowd in offering bunkering facilities for LNG-fuelled vessels.

In September last year, the Maritime and Port Authority of Singapore (MPA) set aside S$12m ($8.4m) from its Maritime Innovation & Technology Fund, with which it plans to contribute to the cost of building new LNG-fuelled vessels.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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