Wärtsilä is scheduled to deliver the equipment to Dalian, China where the vessels are being built.
Purchase will allow Genco to capitalize on strong demand for drybulk commodities and multi-decade low vessel supply growth rates
Dry bulk, container and tramp segments most affected.
Singapore’s bunker sales have dropped for two consecutive months. Trade sources said demand shifted to North Asia in July and August.
There will be weekly calls to Port Vila, Nouméa, Lautoka, Suva, Nuku’alofa, Apia, and Pago Pago
New structure has the various responsibilities of the CEO shared by a few executives.
Including the new hires, the team in Copenhagen now counts 12 traders, says company.
Refiner Urals Energy acquires portion of Kholmsk seaport and plans to market fuel oil product at port.
DNV GL’s ECO Insight to also gain engine and systems data from WinGD and VAF Instruments.
Port recorded bunker sales of 974,000 mt in 2016; 775,000 mt in 2017; and even lower volume in 2018.
