PSA Marine Bangladesh wins contract for 2019

The use of alternative fuels is gaining ground. Summit LNG terminal, an affiliate of Singapore-based Summit Power International, has awarded a 15 year contract for support vessels at its liquefied natural gas (LNG) terminal in Bangladesh. Partner to the agreement partner is PSA Marine Bangladesh, part of the terminal and port operator PSA International. PSA Marine will provide berthing, mooring, pilot and personnel transfer services to LNG ships calling at Summit's LNG terminal. Although the value of the contract was not disclosed, media estimations are about USD 150 million. Three escort tugboats, one fast crew boat and one offshore supply vessel will be deployed. Services will begin in early 2019. Summit Power International plans to list on the Singapore Exchange in early 2018. (kd)