Harley Marine International Holdings Pte. Ltd. said it has signed an MoU with Pavilion Gas Pte. Ltd, Mitsui O.S.K. Lines, Ltd. (MOL), and Mitsui & Co., Ltd. (Mitsui) to build the first liquefied natural gas (LNG) dual-fueled bunker tanker for Singapore. The new 7,500 DWT LNG dual-fueled vessel will be co-funded up to S$2 million (US$1.46 million) by the Maritime and Port Authority of Singapore (MPA) through its LNG Bunkering Pilot Program (LBPP) Grant. The International Maritime Organization (IMO) will soon be enforcing a global Sulphur content cap of 0.5 percent on bunker fuels. LNG, as a marine fuel is a cleaner alternative for the industry. LNG is essentially natural gas, or about 88-97 percent methane cooled down to -262°F.