In general, the Port of Singapore’s performance stood resilient throughout 2020 with bunker sales amounting to 49.8 million tonnes at a 5% year-on-year increase.
In total, 4.29 million mt of various bunker fuels were sold at the republic in December, less than 4.47 million mt recorded during December 2019.
Bunker demand in China increased amid bullish sentiments on transport demand and higher bunker prices; suppliers also offered discounts to boost sales for the year end.
MEBC21 held on 26 to 27 January is free to access for delegates worldwide and will explore the theme of ‘building resilience in a challenging market’.
Carnival awards Shell with multi-year contract to provide marine lubricants to its ships where it will also offset carbon emissions through Shell’s nature-based carbon credits.
The industry doesn’t want to decarbonise just to be compliant. We recognise the biggest threat is climate change [...] and we want to be proactive, said...
Elfrink, previously COO at another bunkering company, will be responsible for extending Orim Energy’s bunkering activities in the ARA region and Malta.
Policy will cover the difference between the agreed price and the higher price, paid out monthly, to help companies manage their fuel cost exposure, it said.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Election results will be announced during AGM at the end of February 2021 and newly elected board members will take up their positions in April.
