All Business News
Argus Media: EU ETS could push shipping costs up by $4,000/d
An Aframax tanker could add up to $4,000/d in costs, assuming a 40t/d bunker consumption, emissions of 3.1t of CO2 at an emissions certificate price of €30/t, it said.
Oct 01 2020
Singapore: Equatorial Marine Fuel unveils OTT (Online Tracking Tool) to enhance bunker deliveries
‘Our main focus of OTT is to increase transparency towards our clients as well as minimise the time customers spend on getting bunker delivery status updates,’ Executive Director tells Manifold Times.
Oct 01 2020
China strengthens Covid-19 control measures for seafarers on international vessels
Any new sign-on crew are now required to have a negative Nucleic Acid Amplification Technique (NAT) test before boarding, reports The Standard Club.
Sep 30 2020
Singapore: Fratelli Cosulich welcomes launch craft “Genoa”; build to support bunkering fleet
‘We built the launch craft in Singapore and it was delivered on 2 September,’ shared Timothy Cosulich, CEO and Board Member of Fratelli Cosulich.
Sep 29 2020
Brunei: BSM inks contract to commence MGO bunkering services at Muara Port
Bunkering operations will commence on 1 October where MGO will be supplied to vessels calling at Muara Port with BSM’s own bunker barge MT Star 1.
Sep 29 2020
Monjasa reports strongest rise in demand during 12 years at Port of Singapore
‘So far, we have welcomed 22% more new customers and supplied close to 50% more volume across SoutheastAsia compared to last year,’ said General Manager.
Sep 29 2020
Hin Leong founder O.K. Lim hit with second charge of abatement in forgery
Lim allegedly “instigated” a HLT executive to write an email to China Aviation Oil (Singapore) Corporation for the purpose of cheating, reports The Business Times.
Sep 28 2020
Argus Media: Jet fuel suppliers struggle to find outlet for excess
Refiners in Europe and Asia Pacific are close to maxing out gasoil-to-jet fuel yields, and the extra product is contributing to renewed price weakness, it said
Sep 28 2020
Trafigura proposes carbon levy on bunker fuels for low-carbon fuels to be more viable
The system would be overseen by the IMO and would involve charging a levy on carbon-intensive fuels and subsidising low- and zero-carbon fuels, it said.
Sep 28 2020
Aderco backs IMO call for seafarer mediation; some crew stranded for 17 months
Donates candies and sanitary kits with each Aderco additive product delivery in Singapore to show its appreciation and support for seafarers.
Sep 25 2020
China Wanda Group approaching settlement of Hontop Energy debts with creditors
China Wanda has conceded to settle Hontop’s debts via its other subsidiaries including USD 33.2 million to DBS and USD 63.3 million to SocGen, reports Bloomberg
Sep 25 2020
Argus Media: USGC bunker fuel producers not blending jet fuel
The relatively small scale of the bunker market in the US Gulf coast, compared to Singapore, also makes such a move not worth the associated risks in fuel quality, it said.
Sep 25 2020
UK P&I Club Alert: Jet and automotive fuels now used for blending marine fuels
A significant uptick in low flash-point irregularities resulting in ‘off-spec’ fuel are being observed in VLSFO and MGO in Singapore and in the Middle East, it said.
Sep 25 2020
MPA and SMI issue call for viable proposals to accelerate harbourcraft decarbonisation
Held jointly with the Singapore Maritime Institute, a total of SGD 9 million from the Maritime GreenFuture Fund will be set aside to co-fund selected projects.
Sep 24 2020
Hin Leong judicial managers and legal firms could rack up SGD 17.3 million in fees
PricewaterhouseCoopers, legal firms Rajah & Tann, and Drew & Napier based their fee estimates on the complex nature of salvaging HLT, reports The Business Times.
Sep 24 2020
Olimar Shipping forays into bunker trading amidst pandemic-related uncertainties
‘In spite of everything, we are fully prepared, vigilant and have started our bunker trading desk from 15 of September 2020 under the brand name Oilmar DMCC,’ it said.
Sep 24 2020
IMO hosts World Maritime Day 2020 – ‘Sustainable Shipping for a Sustainable Planet’
An online event on World Maritime Day, hosted by IMO, will bring together a high-level panel of speakers to debate “Sustainable Shipping for a Sustainable Planet”.
Sep 24 2020
INTERCARGO calls out EU decision to impose ETS on shipping to be detrimental
‘The (decision) is basically a money collection mechanism, fundamentally disconnected from the work at IMO, and risks undermining a global GHG solution,’ said Secretary General.
Sep 24 2020
DNV GL: Ammonia & methanol most ‘promising’ carbon neutral bunker fuel for 2050
The Maritime Forecast to 2050 is based on a library of 30 scenarios which project future fleet composition, energy use, fuel mix, and CO2 emissions to 2050.
Sep 23 2020
MMEA Johor detains Mongolian-flagged tanker for anchoring without permit
The vessel was discovered by the Tanjung Sedili Maritime Zone’s patrol team at 1.35 pm on Sunday (20 September) about 14 nautical miles east of Tanjung Siang.
Sep 22 2020
Brightoil publishes supplementary forensic report on Brightoil Petroleum (S’pore) Pte Ltd
Report shows further findings based on RSM’s earlier primary report regarding certain oil trading transactions of BOPS and SZB that were red flagged by PwC.
Sep 22 2020
