‘A portion of our marine bunkering business in Singapore will remain, with a focus on oil products of relatively stable gross profits and high sulphur fuel...
COVID-19 pandemic and slump in global oil prices have seriously affected the oil bunkering business in Hong Kong and Singapore, and the electronic business in China.
There should be enough supply in Singapore for eastbound vessels delayed by the Suez Canal blockage, but there is no noticeable increase so far, sources said.
Deliveries of firm’s VLSFO et DMA 0.1 products will be made to the Nouadhibou anchorage as the company considers expansion plans to Nouakchott, it said.
Vessel has been developed through a joint development project (JDP) between KR, KMS EMEC, and Singaporean shipping company Navig8, it said.
Patrol team discovered vessel BV-96668-TS to be behaving suspiciously on 28 March at 5.30 pm, 60 nautical miles southeast from Con Dao.
All creditors are to submit proofs of debt to the appointed Liquidators by Monday, 26 April or risk being excluded from the benefit of any distribution...
MT Minerva Grace, New Dynasty, MT Alami Sky, MT Yolanda, and MT Castor were detained on 30 March at the Tompok Utara anchorage area, it said.
‘We believe the spread should be well supported…But will depend on how quick OPEC+ brings back output, along with Chinese VLSFO production growth,’ it said.
East-West LSFO spread rose to $22/t on 26 March on expectations of delays to eastbound supplies, but may not be serious if traffic at the canal...
