By NGV Global A shareholders agreement between KS Investments Pte Ltd (Keppel), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd, and Shell Eastern Petroleum (Pte.) Ltd. (Shell), a wholly-owned subsidiary of Royal Dutch Shell plc, will lead to the formation of a Singapore incorporated joint venture company (JVCO).
The JVCO follows the appointment in January this year by the Maritime and Port Authority of Singapore (MPA), of Keppel Offshore & Marine Ltd, through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), and BG Group plc (BG Group) to supply Liquefied Natural Gas (LNG) bunker to vessels.
The JVCO will establish a LNG bunkering
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