‘Deciding on a port to bunker is a complicated calculation; interwoven are trade-offs related to Time Charter Rate, Speed/Consumption, Deviations and Price,’ it says.
‘This is expected to delay the payment of between USD 20.0 million and USD 25.0 million of expenditures until 2021 at the earliest,’ reads company report.
‘OTPL has a strong group of employees who have the requisite expertise and experience in ship chartering and management, which has commercial value and should be...
Degradation of refined products stored on tankers a well-documented issue that needs monitoring and specialised quality management to ensure best practice, says spokesman.
‘If issues are related to stability and the fuel has flocculated, it cannot normally be saved; but using additives early in the storage period can prevent...
IBIA addresses issues arising when crew on bunker barges are predominantly foreign nationals and have no shore access or medical care due to COVID-19 measures.
Company believes market and business partners ‘likely to have greater confidence and comfort in continuing business dealings’ if placed under judicial management, says Director.
Tanker operator designs vessel that will minimise contact during bunkering operations to reduce damage on the paintwork and potential dents on the plating.
The order was placed in the first quarter of 2020 and equipment deliveries scheduled between the last quarter of 2020 and the second quarter of 2021.
Crew who understand the system and regulatory issues will increase the lifetime of machinery, reduce opex, and, crucially, lower the risk of non-compliance.
