Vopak will acquire 49.99 percent of the vessel owning company of MOL that owns a floating storage and regasification unit (FSRU) MOL FSRU Challenger, to be renamed Bauhinia Spirit.

MOL and Vopak will jointly own and operate the FSRU and provide jetty operations & maintenance and port services for a new FSRU-based offshore LNG terminal in Hong Kong.

MOL and Vopak through the new FSRU based-terminal contribute to the energy transition in Hong Kong.

MOL and Vopak aim to explore further downstream opportunities for bunkering of LNG as a cleaner marine fuel in Hong Kong.

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Source: tanknewsinternational.com