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).
Current low prices for road and aviation fuels in September could mean another increase of flashpoint off-spec cases for MGO when players start introducing the products back into the bunker stream.
Some bunker suppliers at various ports have even achieved their sales target for the year; the trend doesn't seem to be slowing down and suppliers are expecting a boom during end of September.
The company has entered a memorandum of agreement with Millenium Satu Ltd to acquire the 7,550 dwt oil tanker to increase service flexibility; vessel will be paid over an installment period of 36 months.
Deloitte & Touche JMs believe IPP has a viable claim against Dr Goh Jin Hian for breaches of his director’s duties to act with skill, care and diligence which he owned to IPP, states court document.
An earlier MPA notice outlined precautionary measures for personnel to observe when conducting marine refuelling operations at port in order to minimise the risk of contracting Covid-19.
Mok’s offence affected public confidence in the use of the MFM system onboard Singapore bunker tankers, and caused an embarrassment to the MPA, said Deputy Public Prosecutors.