Global Energy Trading Pte Ltd (“GET”), Stellar Ship Management Services Pte Ltd (“Stellar”), wholly owned subsidiaries of Global Energy Group, along with Bureau Veritas (“BV”), have entered an agreement for the construction of a 4,000 DWT IMO Type 2 Chemical and Oil Tanker, which will be classed by BV. The tanker will be the first dedicated methanol bunkering ship in Singapore.
The order was confirmed at a signing ceremony in Osakikamijima, Hiroshima, Japan, on 18th October 2022. The vessel will be built in Sasaki Shipbuilding Co., Ltd, Hiroshima, Japan.
A Singapore MPA-licensed and UAE-licensed bunker supplier, GET provides a full range of marine fuels which will soon include Biofuel (beyond Bio25) and Methanol in 2024. The new tanker will join GET’s fleet by the end of 2023, becoming the first Category A bunkering tanker for carriage of biofuel and methanol in Singapore.
Stellar is a leading ship manager for oil and chemical tankers, providing full technical management, and crewing services exclusively for the fleet of 20 tankers owned by the Global Energy Group. A dedicated team from Stellar will supervise the construction of the 4,000 DWT IMO Type 2 Chemical and Oil Tanker, providing their expertise for the project.
Mr. Loh Hong Leong, Group Managing Director of Global Energy Group, commented: “We have made an important step to support the industry’s effort on carbon emissions reduction by introducing alternative and green fuel bunkering supply chain solutions. The new tanker could pave the way for the next generation of a more versatile bunkering tanker.”
Vince Koh, Group General Manager of Global Energy Group, commented: “With this IMO Type 2 Chemical and Oil Tanker added to the fleet, it will widen our scope of services to meet the needs of shipowners in support of their carbon reduction and ESG initiatives.”
Kelvin Kang, General Manager of Stellar Shipmanagement, commented: “Methanol as bunker fuel will add a new dimension to the bunkering industry in Singapore, we are pleased to work with Authorities, Class BV and relevant industry experts to develop methanol bunkering procedures and standards for the safe bunkering and STS operations.”
David Barrow, Vice-President South Asia and Pacific, Bureau Veritas Marine & Offshore, commented: “As the industry explores alternative fuel options to support its decarbonization journey, developing the industry’s supply and bunkering capacities will be an essential step to scale up and ensure the availability of these new fuels. We are delighted to collaborate with GET and Stellar as they develop this new vessel, which will be a key step to support the delivery of methanol to vessels calling at Singapore.”
To find out more
• About Bureau Veritas Marine & Offshore, please visit our website
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Stellar Shipmanagement at BV Kobe office with Japan Plan Approval Office Manager Shinkai and New Construction Manager Kano
(L to R): Koh Yong Ping (BV Singapore), Kelvin Kang (Stellar), Wayne Loh, Loh Hong Leong (both from Global), Daihei Sasaki (Sasaki Shipbuilding), Capt. Rahman (Stellar) and Arnold Leong (BV Singapore)
NOTES TO EDITORS
About Global Energy International Group
Global Energy Group is one of the leading marine companies in the region with core businesses integrated in trading and the supply of marine fuels (bunkering), transportation of petroleum products (freighting), ship owning and ship management services.
Established in 1992, the Group presently has 7 subsidiary companies located in Singapore, UAE and China, operates 24 tankers and employs more than 400 seafarers.
The Group is committed to providing top quality products and the highest level of service to its customers.
For more information, visit https://globalenergy.com.sg/
About Bureau Veritas
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has more than 80,000 employees located in more than 1,600 offices and laboratories around the globe. Bureau Veritas helps its clients improve their performance by offering services and innovative solutions, in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.
Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.
Compartment A, ISIN code FR 0006174348, stock symbol: BVI.
For more information, visit https://bureauveritas.com
PRESS CONTACTS
Bureau Veritas
Ms Chelsea Ting
Marketing Executive
+65 8127 7891
chelsea.ting@bureauveritas.com
Nicholas Brown
+33 (0) 6 04 91 72 41
nicholas.brown@bureauveritas.com
Alexandra Beverley
+33 (0) 6 37 67 46 84
alexandra.beverley@bureauveritas.com
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