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.
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 recognise the extremely delicate and complex issues facing suppliers and buyers currently,’ states Executive Officer Anthony Mollet.
European Energy developing large-scale commercial e-Methanol production facility with hydrogen being provided by a Siemens Energy electrolyzer plant.
A number of shipowners are avoiding far east Russia for bunkering because of the country's increasing isolation over its invasion of Ukraine.
Sinopec Fuel Oil Sales Co., Ltd., Sinopec Zhejiang Zhoushan Petroleum Co., Ltd., and Sinopec Fuel Oil (Singapore) Pte. Ltd. involved in the development.
Facility operated by Qingdao Shihua Crude Oil Terminal Co., Ltd. is the first designated futures delivery warehouse for LSFO in northern China.
