Equatorial Marine Expands LNG Bunkering Fleet
Equatorial Marine Fuel Management Services, a leading marine fuel supplier based in Singapore, has made a significant move in the liquefied natural gas (LNG) sector. The company has placed an order for a new LNG bunkering vessel with Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE), a prominent Chinese shipbuilding firm. This strategic decision highlights Equatorial’s commitment to enhancing its operations and maintaining its position as a top player in the global marine fuel market. While the price and delivery details for the new vessel remain undisclosed, the announcement marks a notable development in the industry.
Innovative Features of the New Vessel
The new LNG bunkering vessel will have a capacity of 20,000 cubic meters and will measure 160 meters in length. It is designed to incorporate advanced technologies that align with international environmental standards. The vessel will feature the latest WINGD dual-fuel main engine, which allows it to operate efficiently on both conventional fuel and LNG. This flexibility is crucial as the maritime industry shifts towards more sustainable fuel options.
Additionally, the vessel will be equipped with iCER technology, which ensures compliance with the International Maritime Organization’s (IMO) Tier III emission standards. This technology significantly reduces nitrogen oxide emissions, making the vessel more environmentally friendly. Furthermore, the newbuild will include an optimized cargo containment system that boasts a lower boil-off rate compared to similar-sized vessels. This feature is essential for maintaining the integrity of the LNG during transport, reducing waste, and enhancing overall efficiency.
Equatorial Marine’s investment in this new vessel reflects its proactive approach to meeting the growing demand for cleaner marine fuels. As the industry faces increasing pressure to reduce emissions, Equatorial is positioning itself at the forefront of this transition.
Equatorial Marine’s Market Leadership
Equatorial Marine has established itself as a dominant force in the marine fuel supply sector. In 2023, the company was recognized as the top bunker supplier in Singapore, which is the world’s largest bunker hub. This achievement marks the second consecutive year that Equatorial has held this prestigious title. The company’s success can be attributed to its extensive fleet, which comprises over 20 ships, and its commitment to providing high-quality fuel solutions to its clients.
The decision to expand its fleet with the new LNG bunkering vessel is a strategic move that aligns with the company’s long-term goals. By investing in modern, environmentally friendly vessels, Equatorial Marine aims to enhance its service offerings and meet the evolving needs of its customers. The company is also responding to the increasing global demand for LNG as a cleaner alternative to traditional marine fuels.
Moreover, CIMC SOE, the shipyard responsible for constructing the new vessel, has also been active in the LNG sector. Recently, it secured an order for up to two 12,000 cubic meter LNG bunker vessels from Fuzhou Wuyang Refined Oil Trading, with deliveries expected in 2027. This indicates a growing trend in the industry towards LNG bunkering, further solidifying Equatorial Marine’s decision to invest in this area.
As the maritime industry continues to evolve, Equatorial Marine’s proactive approach and commitment to sustainability will likely play a crucial role in shaping its future success.
