Svitzer Nets 10-Year Deal for Towing Services at Offshore LNG Terminal in the Philippines

July 21, 2021

World Energy Reports LLC.
DJI_0423-1200x750.jpg

Maersk's Svitzer, a maritime towage provider, has recently signed a 10-year deal with FGEN LNG, a First Gen subsidiary, for towage and other vessel support services required by FGEN LNG’s Offshore LNG Terminal in the Philippines.

The LNG Terminal project will feature a leased Floating Storage and Regasification Unit (FSRU) that will be located at the First Gen Clean Energy Complex in Batangas City in the Philippines.

BW Group in April secured a 5-year contract with FGEN LNG for the charter of BW Paris, a Floating Storage Regasification Unit (FSRU) to be deployed at the project near Batangas City.

Apart from providing, LNG storage and regasification services, BW Paris will provide additional services such as the reloading of LNG into trucks and small-scale LNG vessels. This will increase LNG access to nearby industrial areas as well as the rest of the Philippine archipelago.

As part of the agreement with FGEN LNG, Svitzer will provide four new 75-tons bollard pull tugboats to assist the FSRU and LNG carriers that will deliver LNG to it, for berthing, un-berthing, navigation assistance, and provide other services including fire-fighting, pollution control, port, and vessel security services, pilot and boarding party transfer, and fender management.

Operations are planned to begin in Q3 2022 and Svitzer will soon start setting up operations in the Philippines, which will include hiring 72 seafarers and five onshore staff, all local Filipinos.

 A Svitzer tug/Credit: Kim Caspersen MarineTraffic.com

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Annual five year outlook and forecast – At the start of each year we prepare a detailed assessment of future deepwater development and forecast the pace of orders for floating production systems over the next five years. Our 2021 annual report looks at market conditions likely to prevail through 2025 and provides our assessment of which of the 200+ floater projects in the planning queue will reach the final investment decision by end-2025
  • Monthly reports - Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 100 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In our May report we revisit the annual forecast and make revisions as needed.
  • Online database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.
  • Customer support - We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request a Demo