FAQ

We intend to answer in advance any questions you may have on this exciting project; you can always contact us for more information.

1. What is LNG?

LNG forms after natural gas is cleaned from impurities and cooled to -162°C. This process shrinks the volume of the gas 600 times, it turns it into a clear, non-toxic, colorless, odorless liquid, which is easier and safer to store and transport.

2. What is Bunkering?

Bunkering is the supply of vessels with fuel. Bunkering is the most expensive cost in vessel’s operation.

3. Is LNG Safe?

Since the introduction of LNG as marine fuel and the associated LNG bunkering operations, the industry has an exemplary safety track record.

4. How many ports do you indend to service?

probunkers will service 7 out of the top 10 regional trade ports across the globe.

5. What is the total investment required for the implementation of the project?

The total project investment is estimated at 343 million USD.

6. Who will be your end customers?

Shipowners, shipmanagers and charters buying LNG as marine fuel for the vessels they operate.

7. Who will be your LNG suppliers?

At the initial stage of the project, International LNG cargo traders or local LNG suppliers. Moving forward and after establishing our presence in the industry long-term supplier contracts should be considered.

8. Will the shipping industry be ready to abide with the new regulatory requirements by 2020?

Most probably not. The new 0.5% Sulphur limit regulation is a major change and upset for the industry. It will take some time for the industry to adjust.

9. How likely is it for legislation to change?

Not likely. The regulators are determined to lower emissions and preserve the environment. There are not such provisions in place to change or postpone the MARPOL regulation.

10. Is the investment offer exclusive to individual and/or institutional investors?

The investment is for individual and/or institutional investors. The investor’s profile is for ambitious investors who look ahead and believe  that change and consolidation in shipping is necessary and coming.

11. Will there be a majority shareholder in the project scheme?

As it seems at this point, yes, but it is not necessary.