ShippingWatch

Singapore Port will support building of LNG vessels

As part of the efforts to make Singapore a key LNG bunkering hub, the Maritime and Port Authority of Singapore is prepared to provide financial support to Singapore-based carriers for the construction of LNG vessels.

Photo: Ed Wray/AP/POLFOTO/arkiv

The Maritime and Port Authority of Singapore (MPA) wants to maintain its status as a key bunkering hub for global shipping - and this includes alternative fuels such as LNG.

In another step leading to the launch of the MPA's LNG Bunkering Pilot Programme (LBPP) in 2017, the authority has now placed a total of 12 million Singapore dollars (SGD) in a fund aimed at providing financial support for Singapore-based carriers looking to invest in LNG-fueled vessels, according to a call for applications issued by the MPA on Wednesday.

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