Company recorded net profit of $127.7 million in 2018 compared to net loss of $170.2 million in 2017.
LNG bunkering operations have increased considerably from 1,500 mt in 2017 to 9,500 mt in 2018, it updates.
Spends $5.04 billion on bunker purchasing in 2018, 51% higher than $3.34 billion in the year before.
‘We have selected to compete on the basis of vessels’ fuel consumption for the remaining part of our fleet.’
Straits and James Chai will respectively own 70% and 30% shares of Straits Alliance Transport, it says in filing.
Crew members of Noble Star received 2 mt of misappropriated MGO from marine service provider’s staff.
‘This proposal is an attempt by the European Commission to push forward restrictions on scrubbers,’ it says.
Container shipping industry to likely face a ‘gloomy outlook’ if consumer behaviour unchanged, says BIMCO.
The three-year supply contract with Oman Shipping Company comes with a two-year option for extension.
M/V Mineral Ningbo received 1,195 mt of fuel from Chimbusco Marine Bunker at Caofeidian on September 2018.
