Coping with limited availability of HSFO, with price spreads relative to Singapore rising to record highs.
Development will increase proportion of revenue from PRM’s FSU business to near 50%, if carried out.
South African Maritime Safety Authority obtains letter of guarantee for approx. $359,000 for clean-up costs.
Inspection found QN-0222 TS carrying nearly 40,000 litres of oil without bills proving cargo’s legal origin.
Futures contract part of efforts by Zhoushan to create an international bunkering hub rivaling Singapore.
‘But we need to ascertain whether India was part of this decision making,’ says Mansukh L Mandaviya.
Move motivated by several unique operational and commercial factors, explains Albert Susilo of Singapore-based shipbroking, analysis and consultancy firm AE Marine.
Tug boat ran aground at British Columbia on October 2016 releasing approximately 107,552 litres of diesel fuel.
SIP application available in the market place of Veracity, DNV GL's digital platform and industry ecosystem.
Uniper will begin to offer 0.5%S limit marine fuels soon, while Vitol has already started supplies of product.
