Establishes special working group with Zhejiang Pilot Free Trade Zone to explore initiative to start bunkering firm.
The Colombo-based bunker supplier commissioned bunker tanker MT Amelia in the first quarter of 2018.
Firm plans engagement with shipowners and engine manufacturers adopting scrubber route.
MPA, Sinanju Tankers, and Ship Supplies Direct were among panelists at the event centred on “Building a Future-Ready Maritime Singapore”.
Firm decided to maintain current prices the measure to recover from high oil prices, it says.
Bunker price increase of approximately 28% year-on-year, among other reasons for development.
CEO expects ‘similar outcome’ in performance for marine segment during the coming third quarter.
New location complements Stanlow and Immingham offerings allowing firm to service all UK Ports.
Encourages local Canadian and national companies to bid on the projects to replace aging fleet.
Frontline offering sale of up to $100.0 million of common shares through Morgan Stanley.
