Multiple bunker suppliers faced HSFO shortages and said this could persist till next week, MGO avails unaffected.
Mainly serving navy vessels and cruise ships, the license is the first-of-its-kind to get awarded at the port.
‘We have to give confidence to the shipping lines that bunkering in Malaysia is safe and that we can be transparent.’
Started industry peer reviews in the week ended 8 September; targets official launch by October or November.
Condition of the VLCC restored and heating facilities installed; the vessel starts operations as a Floating Storage Unit (FSU) for low sulphur fuel in September.
Markets able to balance with an extension of OPEC cuts through 2020 due to demand from IMO 2020 regulations.
Plans to offer at least US $251.3 million to build vacuum residue desulfurisation facility for LSFO production.
ABI Singapore LSFO 0.5%S is ‘perfectly suited’ to the needs of the marine industry because it represents the most active and liquid part of market, says...
Enters 24-month bareboat charter agreements for 4,710 dwt sisterships New Navigator 2 and New Navigator 3.
‘It is clear that there is no limit to the undignified levels which the GSD will stoop to for political gain,’ says govt.
