This week the MPA took another step toward the planned early 2017 launch of the LNG Bunkering Pilot Program (LBPP) which is aimed at developing Singapore as a key LNG bunkering hub in Asia.
The Port of Singapore is inviting interested companies to tap into Singapore $12 million available from the MPA's Maritime Innovation & Technology Fund for the building of LNG-fueled vessels. The MPA will provide up to Singapore $2 million (about US$ 1.4 million) per vessel, capped at two successful funding applications per company.
Companies must be incorporated in Singapore, and the funded vessels must be flagged under the Singapore Registry or licensed for activity in Port of Singapore for a period of at least five years.
MPA has been collaborating closely with partner agencies, industry stakeholders and technical experts, to develop LNG bunkering standards, procedures and infrastructures. On July 28 it announced its Request for Proposal (RFP) for interested parties to apply for an LNG bunker supplier license allowing the them to supply LNG bunkers to vessels in the Port of Singapore.