The newly launched Code of Best Practices – Commodity Financing guidelines will be the new ‘reference point’ taken by banks when considering to give trade finance...
“VPS is here to provide valuable advice on the optimisation of engine performance, asset protection and the reduction of GHG emissions,” it states.
Code was developed with the support of the Monetary Authority of Singapore, Enterprise Singapore and the Accounting and Corporate Regulatory Authority, it said.
According to the notice by Gavin Mark McIntyre, the Director of the companies, Seshadri Rajagopalan and Paresh Jotangia will be the joint judicial managers.
LNG bunkering – the process of fuelling ships with LNG – will take place through the first LNG bunker vessel in Singapore FueLNG Bellina.
Vessel operating costs have risen on higher insurance cover premiums and COVID-19 related expenses, but are expected to moderate in subsequent years.
The eight, 49,999 deadweight tonne vessels will be built in South Korea at Hyundai Mipo Dockyard and delivered to WFS between 2021 and 2023.
South Korea typically relies on imported LSFO as an emergency fuel to meet base-load power generation demand at times when other fuels are unavailable, it said.
Captain Daknash Ganasen, Senior Director (Operations & Marine Services), MPA, provides direction on what should players do when providing bunker fuel to a COVID-19 infected ship,...
Creditors of the companies are required to send in their names and address with particulars to the liquidator on or before 31 December 2020.
