Korea Shipbuilding & Offshore Engineering reportedly cinched a USD 827 million contract to build six LNG powered container ships over the new year.
Move is aimed at reducing the group’s reliance on the manufacturing sector through revenue expansion, and is expected to increase net profits by 25%.
Accused’s primary role in the heist was to control the valve to bypass custody transfer meters which would otherwise capture the movement of bunker oil.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April...
The ferry industry might not seem like a major transportation sector, in reality it is as big as commercial aviation, transporting more than 2.1 billion people...
Post pandemic, players in the bunker industry need to adapt local and technical expertise, global coverage, and financial and organizational strength, said MD.
Total bunker sales at Panama was 363,735 metric tonnes (mt) in November, compared to sales of 450,193 mt during the similar period in 2019.
European HSFO prices received support from US refinery demand in 2020, enabling margins of crude to remain above levels anticipated ahead of IMO 2020.
Patrol team discovered the vessel on 3 January about 14 nautical miles from the northeast coast of Phú Quốc Island while they were out on patrol.
In view of the COVID-19 cases onboard, the bunker tanker has been quarantined and will cease all operations until further notice, says MPA.
