JOVO to start STS ops in Subic Bay by April
JOVO Group Company Lltd. Guanghong, one of China’s leading energy service providers, is expected to start its ship-to-ship (STS) operations in Subic Bay for liquefied natural gas (LNG) by third week of April.
Subic Bay Metropolitan Authority administrator Atty Wilma Eisma said the SBMA board of directors has approved the STS operations of JOVO in Subic Bay and preparations for the maiden voyage tentatively scheduled on the third week of April is in the progress.
“We are expecting more STS operators to use Subic Bay as their hub. Because it is more cost-effective due to its strategic location,” she added.
The STS transfer operations involve mother vessels loaded with LNG which were transferred to vessels before shipping to ports of China.
SBMA seaport general manager Jerome Martinez said JOVO will bring LNG to the Philippines from Australia and Indonesia using a 94,000-ton mother vessel.
While anchored, it will be transferred to smaller 47,000-tonnage feeder vessels and bring them to China.
With this development, it is expected that the Port of Subic will earn USD500,000 revenue from services, including tug boat services, port services and anchorage, chandlers, bunkering and food supplies.
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