‘As the saying goes without people buying things, manufacturing will slow, trade will also slow and shipping movements slows down. It’s a whole chain of reaction,’...
Vopak will support the feasibility study for an on-shore ammonia bunkering facility by tapping on its ammonia storage & handling expertise at its Banyan Terminal.
Project involved adding 3,600 meters of process pipelines, 6,400 meters of heat tracing pipelines, and is expected to produce 10,000 mt of LSFO per month.
‘We have strengthened our supplier alliances in [...] Hong Kong, the PRC, the East Mediterranean, South and Central America and Russia,’ says Group Executive Director.
Scrubber retrofit returns now less attractive due to tightened cash flow from COVID-19 lock-downs and narrowing bunker fuel spreads, reports Reuters.
Ong Ah Huat was the former CFO of Coastal Oil Singapore, while Huang Peishi was a former treasury manager at the company, reports The Straits Times.
Singapore bunker fuel market was hit by the bankruptcy of Hin Leong Trading in May and some traders shifted focus to Chinese ports, adding to high...
KG 90436 TS and KG 94522 TS were discovered sailing suspiciously close together at 3.00 pm on Tuesday (9 June) at the Southwestern region of Kien...
Though the South Korean port air quality act is independent of MARPOL Annex VI, authorities will accept alternative compliance methods like scrubbers and LNG, says Gard.
Opportunities for geographical arbitrage were amplified by the uneven impact of COVID-19 in regions, while IMO 2020 created additional volatility in bunker fuel markets.
