The new unit at the oil major’s Rotterdam refinery will enable the production of more and cleaner transportation fuels, including IMO 2020-compliant marine gasoil.
The Hamburg-headquartered shipping company will implement its marine fuel recovery mechanism from 1 January 2019; will also convert one of its ships to run on LNG and equip a further two with exhaust gas cleaning systems.
‘These LNG carriers will be the fourth and fifth vessels capable of LNG bunkering as well as the eleventh and twelfth LNG-powered vessels that Keppel will be building,’ confirms Abu Bakar, Managing Director (Gas & Specialised Vessels), Keppel Offshore & Marine.
The new terminal will include a floating storage and regasification unit to be stationed in Vasilikos harbour, which is expected to facilitate LNG bunkering.
The company says it is has withdrawn its $1.1 billion hostile offer for its VLGC competitor, with BW LPG’s Chairman Andreas Sohmen-Pao explaining that: ‘It is not normal practice nor in the best interest of our shareholders to hold a proposal open indefinitely, especially when it is highly favourable to the counterparty.’
The US EPA Vessel General Permit will now be issued in March 2019, with a comment period of at least 30 days.