Bunker One will have the exclusive rights to purchase 100% of Vertex's Marrero, Louisiana refinery's marine fuel production until December 2029.
Monthly estimated demand of 30,000 mt of LSFO for coastal ships plying on India’s eastern coastal route are not met, say local bunker suppliers.
Company begins refuelling ships with TMS type A eco-friendly fuel (low-viscosity marine fuel) produced by the Novokuybyshevsky Oil Refinery.
For bunker producer/supplier to meet 95% confidence limit, blend target should be the limit minus 0.59R.
Majority of the sum comprised of USD 101,403.78 awarded to the bank as part of an earlier arbitration decision on 14 February 2019.
Netherlands-flagged cargo vessel was detained 22.2 nautical miles southwest of Kendi Island while anchoring.
China’s fuel oil tax rebate may lower bunker prices, especially in Asian shipping hubs, says FIS’ Chris Hudson.
Initial exports of bunker fuel may be limited due to focus on developing domestic coastal bunker fuel market.
Reduction of air pollutants will be addressed differently in the future as shipping industry continues decarbonisation.
Ecuadorian reliance on imports and lack of local LSFO refiners could keep Ecuador’s prices less competitive.
