The Recovery Movement Control Order was announced in early June, and so the oil trading and bunkering segment saw an improvement in revenue, it said.
Vessels registered in Dominica, Indonesia, Palau, Panama and Liberia were evicted during an operation on Saturday at the Tompok Utara area, it said.
Domestic refiners are especially short of bunker supplies after cutting output or reducing refinery throughput this year because of weaker margins, it said.
South Korean and Japanese governments have submitted statements to the EU against the application of the EU-ETS for shipping, reports Reuters.
Report showcases pioneering efforts made by Nordic countries to reduce shipping environmental impact and encourage more cohesive global decarbonisation efforts.
‘The current Heavy Fuel Oil regulation as passed will not effectively protect the Arctic from HFO for over a decade, yet it is labelled a ban,’...
INE statement did not name any specific storage sites, but cited Petrochina had distribution centres for bunker fuel overseas in Singapore, reports Reuters.
GP Global keen to ensure its assets are sold at "right value", to reflect that its UAE bunkering operations are currently running well, reports Argus Media.
BIMCO concerned with the proposed procedure for onboard sampling since the only truly representative fuel oil sample is the MARPOL sample.
The combination of low newbuilding deliveries and a potential rebound in demand suggests the shipping industry cannot deliver a reduction in emissions by 2030, it said.
