The development team will target the commercialisation of electric-powered merchant vessels that adopt world-class propulsion systems at competitive prices, it said.
Shipowners arriving to conduct activities which require shore-based personnel to board the vessel must notify and provide the relevant information in advance, it said.
Sales of marine fuels and lubricants were significantly affected by COVID-19; however, the company increased its market share in various specialised sectors, it said.
Demand is forecast to rise, but figures for next year are still below the 2019 levels; it is not until 2022 that total oil demand is...
The MOU was signed with Korea Bio Energy Association, Hyundai Heavy Industries Co, Korea Shipbuilding & Offshore Engineering Co, and the Korean Register of Shipping.
‘[...] no ships means no supplies, so a collaboration between the shipping sector and local administration is of paramount importance, and needs to be a two-way...
Bilsea Group management planning to keep bunker trade business at ‘comfortable level’ in consideration of current poor freight market and high oil market volatility.
Survey indicates most common operational problems experienced are increased sludge deposits and wax appearance after switching to the compliant fuel.
The Bangladesh government has approved Bangladesh Petroleum Corporation’s (BPC) proposals to purchase 150,000 mt of bunker fuel across July-December 2020.
Unlike biofuels such as ethanol and biodiesel, renewable diesel is chemically identical to petroleum diesel and it "works in any traditional diesel engine", it said.
