The first delivery of low-sulphur bunker fuel for Bangladesh Petroleum Corporation (BPC) reportedly arrived in Chittagong on Monday (14 September) from Singapore.
Oil Tanker MT TMN Pride carrying 15,000 metric tonnes of low-sulphur bunker fuel was berthed at Dolphin Jetty No. 5 of the Meghna Oil Company at Patenga.
The Bangladesh government in August approved Bangladesh Petroleum Corporation’s (BPC) proposals to purchase 150,000 metric tonnes (mt) of bunker fuel across July-December 2020
The proposals that were approved are to import 75,000 mt of bunker fuel through an international tender for Tk 222.1 crore (USD 26.3 million), and another 75,000 mt through government-to-government trades for Tk 216.7 crore (USD 25.6 million).
KPI OC seeking to recover debt of USD 805,602.15 over five bunker deliveries, not including accrued interest of about USD 363,000 since 15 September, showed court documents obtained by Manifold Times.
Discussions around the need to develop methanol bunkering operations are taking place at numerous ports ahead of estimated demand of above 7M mtpa by 2030, says Chris Chatterton of Methanol Institute.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.