Sinanju signs 2-year time charter agreement with ExxonMobil for LNG-powered “Marine Vicky”

Sinanju Logistics Services, the tanker operating arm of Sinanju Tankers Holdings (“Sinanju”) entered into a two-year time charter agreement on 25 July with ExxonMobil Asia Pacific Pte. Ltd. (“ExxonMobil”) for a new-build bunker tanker five months ahead of commencing operations, the company said in its release.
 
The 7,990 dwt newbuilding, soon to be christened “Marine Vicky”, will be the first bunker tanker for Singapore and Sinanju, to be powered mainly by liquefied natural gas (LNG).
 
The deal will commit “Marine Vicky” to delivering ExxonMobil’s new EMF.5™ Engineered Marine Fuels to ocean-going vessels within Singapore port limits from the first quarter of next year (2020). This will help ensure that ExxonMobil’s customers can bunker the high quality, compliant options they need.
 
Under the Maritime Singapore Green Port Programme, registered vessels that are serviced by alternative or cleaner marine fuelled harbour crafts during their port stay – such as receiving bunker from LNG-powered bunker tankers – stand to receive a 10 per cent port dues concession.
 
“Marine Vicky” is a 103-metre long 19-m wide bunker tanker classed by Bureau Veritas. She is equipped with a 55m3 LNG tank paired with a fuel gas supply system on deck for engine propulsion. She is being built at Keppel Offshore & Marine's shipyard in Nantong, China, under the the Maritime and Port Authority of Singapore’s LNG bunkering pilot programme.
 
The vessel will join Sinanju’s 13-vessel bunker fleet in December 2019.