Development principally related to impact of global oil prices resulting in a constrained credit environment for the bunkering sector.
LSMGO limited on US East Coast after relentless stock draw; mixed HSFO availability between Houston suppliers; VLSFO runs dry in Rio de Janeiro.
There is no blanket fix, with any compensation to parties involved having to be handled on a case-by-case basis, says market participants.
Affected ships with low flash point bunker fuel should contact classification society, flag state and insurance underwriters immediately, says FOBAS.
While Singapore is facing complexities, many international maritime companies are expressing strong interest in pursuing new business activities in the republic, says Quah Ley Hoon.
Plans to facilitate energy transition and associated infrastructure developments for decarbonisation by installing hydrogen fuel cell systems on Singapore harbour craft.
‘We are driving up membership and this is a means to attract more of those suppliers who are looking for support and connections,’ says Executive Officer...
“Asahi” delivered marine fuel to the MOL-operated car carrier “Victorious Ace” in Yokohama on 26 April, says Mitsui O.S.K. Lines, Ltd. and Asahi Tanker Co., Ltd.
40BN cylinder oil was tested extensively on vessels with MAN 8G80ME-C9.2 in conjunction with shipowners including Greece’s Cape Shipping SA, says firm.
MPA urges all parties to remain vigilant and exercise social responsibility as the situation can change quickly in the face of new variants.
