Keppel, Shell for joint venture for LNG bunkering in Singapore
7/7/2016
KS Investments Pte. Ltd. (Keppel), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd., has entered into a shareholders agreement with Shell Eastern Petroleum Pte. Ltd. (Shell), a wholly-owned subsidiary of Royal Dutch Shell Plc., for the formation of a Singapore incorporated JV company. The shareholding of Keppel and Shell in the joint venture will be 50% and 50%, respectively.
The JV company will establish a LNG bunkering business in Singapore, and its principal business activities will be to supply LNG bunkering operations services in Singapore to ships and any other marine vessels in the Singapore port.
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