Package not only includes monetary assistance for companies, individuals and seafarers but also educational support to ready the industry for post COVID-19 realities.
MPA, SMOU, SOS, and SSA are calling upon ships in the Port of Singapore to sound their horns for 15 seconds at 12 noon (Singapore local...
Current low bunker price environment and high tanker rates are temporary and once the situation normalises, more attention will go to increasing voyage earnings.
Production of fuel oil for the export market, especially bunker streams and LSFO, reached an average of 295 kbpd in Q1 2020, an 18.5% increase from...
Shengli refinery started planning the production of low sulphur marine fuel to overcome the downturn in oil markets caused by the COVID-19 pandemic in early 2020.
China has released its LSFO export quota, however production may not always be economical, so refiners may buy from other Chinese refineries to fulfil export numbers.
While using oil tankers for floating storage is not new, the current surge in demand due to COVID-19 and plummeting oil prices give rise to unprecedented...
Bunker fuels are being stored for extended times which could jeopardise its quality if not monitored accordingly; routine testing and monitoring can alleviate risks.
Mining firm has updated its bunker supplier clause, ensuring its hired vessels are not carrying any bunkers supplied by Hin Leong; similar move by other charterers...
Company seeks legal protection as it is possible gasoil reserves designated for Sembcorp Cogen may be subject to competing claims by other parties, it said.
