Supply of HSFO380 is tight in Singapore, Fujairah, Zhoushan and parts of the Mediterranean, while VLSFO and LSMGO grades are ample across most global bunkering hubs.
Merchant ships have shown reluctance to visit Labuan to avoid paying substantial charges triggered by a prolonged stay at the port due to the quarantine rule.
Firm reported earnings before tax of $15.1 million in FY 2020/21 and increased volumes of 26.5% during the same comparative period, says CEO Søren Høll.
Firm will contribute to the development of methodologies and optimised pathways for safe and sustainable marine fuel solutions for shipping.
Total number of scrubber-fitted ships reached 785 units of 6.95 million teu at end June and it since increased to 816 ships and 7.10 Mteu.
First vessel scheduled for delivery by end of 2023, with second one due a year later; both are built at the Rauma Marine Constructions yard in...
Captain had not informed authorities of the vessel’s arrival and failed to present documents indicating permission to anchor in Malaysia waters.
52 entities were fined between $300 and $3,000 each, while two had the licences of their pleasure craft and harbourcraft suspended by the MPA.
VPT’s existing bunker fleet will utilise a hybrid electric propulsion system, and receive Energy Storage Systems and ship-to-ship charging systems.
Current levies of LNG material imported to South Korea tagged at KRW 24,242 per metric tonne will be effectively zero from 1 January 2021 onwards.
