Financial institutions in Singapore will be prohibited from conducting business relationships with VTB, Vnesheconombank, Promsvyazbank, and Bank Rossiya.
Vessels will be equipped with ammonia intermediate ready bunker fuel tanks for retrofitting to run on ammonia, when technology is commercially available.
Development resulted in a 20-hour reduction for bunkering operations of large international sea-going vessels and increased anchorage utilisation by 30%.
Guangzhou’s bunkering sector received a boost in late 2021 when the Chinese State Council allowed the local government to issue bonded bunkering licences.
Navantia and Repsol have signed a collaboration agreement to jointly develop innovative solutions with the aim of decarbonising maritime transport.
Outright price of delivered very-low sulphur fuel oil (VLSFO) bunkers in Singapore rose by $63.90/t to $858.50/t on Wednesday (2 March 2022).
‘We plan to offer customers ARLFV contracts in 2023 and aim to complete building the first ARLFVs in 2025,’ notes Nippon Yusen Kabushiki Kaisha.
Vessel slated to enter service on Osaka-Beppu route operated by Ferry Sunflower Co., Ltd. from January 2023, according to Mitsui O.S.K. Lines.
‘We recognise the extremely delicate and complex issues facing suppliers and buyers currently,’ states Executive Officer Anthony Mollet.
Sinopec Fuel Oil Sales Co., Ltd., Sinopec Zhejiang Zhoushan Petroleum Co., Ltd., and Sinopec Fuel Oil (Singapore) Pte. Ltd. involved in the development.
