VPT’s existing bunker fleet will utilise a hybrid electric propulsion system, and receive Energy Storage Systems and ship-to-ship charging systems.
52 entities were fined between $300 and $3,000 each, while two had the licences of their pleasure craft and harbourcraft suspended by the MPA.
Captain had not informed authorities of the vessel’s arrival and failed to present documents indicating permission to anchor in Malaysia waters.
Company consumed 2,725,000 metric tonnes (mt) of marine fuel in Q2 2021, 17% higher than 2,333,000 mt of bunker fuel during Q2 2020.
Framework contract will run for a period of four years and currently covers 22 countries in the Mediterranean, Black and Caspian Seas.
DMA 0.001%S [Ultra Low Sulphur Marine Diesel] and DMB 0.01%S [Low Sulphur Marine Diesel] available at Port of Tauranga, New Zealand.
An electronic meeting of creditors of both companies will be held on 24 August 2021; a copy of agenda circulated to all known creditors.
Tests expected to complete by the end of August to confirm suitability of produced oil for power and marine end-user markets as bunker fuel.
Backwardation in the Asian 180cst and 380cst HSFO markets has widened to multi-month highs, driven by higher power generation and bunker fuel demand.
Consortiums led by Keppel FELS, SeaTech and Sembcorp will research, design, build and operate fully electric harbourcraft over next five years.
