15,000 TEU vessel Sajir involved in pilot project for converting large ships to use LNG as bunker fuel.
Pacific M has been chartered to an oil major on a long term contract; sister vessel under construction.
Due to reduced trades, bunker transactions and depressed freight rates; though upstream records profit.
The company recorded bunker sales of 3.2 million mt in 2018 and 2.6 times volume increase at Kaliningrad.
Bunker desk brokered a $200 spread deal on CME Singapore FOB Marine Fuel 0.5% Futures Contract.
As dedicated partner for vessels between 7,500 TEU to 15,000 TEU covering all scrubber engineering aspects.
‘China shipbuilders have a fantastic record of innovation in LNG,’ says ABS Vice President, Global Gas Solutions.
The VLGC delivery is scheduled for the second half of 2021 and includes an option for a second vessel.
Firm now applying for moratorium under section 211C of the Singapore Companies Act for extended protection.
Recent bans and negative sentiment expressed in the press has created uncertainty about scrubbers.
