Global Energy And Stellar Shipmanagement To Build First Dedicated Methanol Bunkering Ship In Singapore, Classed By Bureau Veritas

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.”

Press Release

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