BIMCO: Eurozone manufacturing PMI indicates drop to 92-month low in March
International Shipping Association BIMCO on Wednesday (25 March) published an article discussing possible outcomes for the shipping industry from the slowdown in manufacturing due to the COVID-19 pandemic:
As countries world-wide implement far-reaching measures in an attempt to contain the coronavirus (COVID-19), the global economy is starting to slow down significantly. The crisis is prompting flashbacks to the global financial crisis of 2008-09. Although the nature of this crisis is different, the economic impact is just as significant when looking at the flash Purchasing Managers’ Index (PMI) readings for selected European nations.
Global shipping thrives on industrial demand and consumer spending, and at this point in time, the PMI readings tell us that a storm is approaching, and demand is in for a sharp decline.
The flash readings of the Eurozone’s manufacturing PMI indicate a drop to 44.8 index points in March, a 92-month low, and down from 49.2 points in February. Germany’s manufacturing PMI is estimated at 45.7 index points in March, a drop of 2.3 points from February, while France’s manufacturing PMI is expected to drop to 42.9 index points, an 86-month low.
The pattern looks the same across the Eurozone. While the negative effects on the manufacturing sector seem limited to this point in time, the real depth of the crisis will become apparent over the coming months, as such a development comes with a delay to the manufacturing sectors.
More instantly, the services sector has taken a massive beating in just one month. The drastic slowdown has completely dwarfed the impact on the service sector experienced back in 2008-09.
Right now, supply chain disruptions have dented manufacturing, unemployment is rising fast, and the outlook is increasingly negative, partly owing to fewer new orders and a diminishing backlog of orders. Germany, for one, seems to be heading straight for a recession, just like the rest of the world will eventually do, according to an IMF statement from 23 March.
As one shock evaporates, another appears
The supply chain disruptions in the European countries stem from the wide-spread quarantines of China in February. As China slowly returns to normal, the supply chain disruptions will gradually fade and goods will start flowing again, but only until it is replaced by a negative demand shock, as the rest of the world takes its turn to battle the coronavirus.
BIMCO expects that container volumes out of China, containing intermediate and finished goods, will start to pick up in the short-term, but could stagnate or outright decline once the fallout from the coronavirus spread really tightens its grip on the advanced economies in the western world.
Shipping serves as the backbone of global trade, and while international trade of goods must continue amid quarantines, the lower demand for shipping could have unforeseen consequences for many companies.
While central banks and governments rush to implement stimulus packages to keep the economies afloat, it will bring little immediate relief to the shipping markets. There are no government packages which can offset faltering demand for shipping. Only when governments and authorities safeguard the free flow of cargo, the damage done to the shipping industry can be somewhat reduced.
Thus, the current objective must be to keep the free flow of cargo moving, not only to secure a global supply of food and goods throughout the crisis, but also to limit the impact to the shipping industry.
Photo credit and source: BIMCO
Published: 26 March, 2020
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Panama Canal February bunker sales rose 11.7% on year
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Monjasa appoints Mikkel Kannegaard Managing Director of European division
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BIMCO revises 2020 forecast for main shipping markets
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ICS: Statement from Guy Platten regarding COVID-19
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IMO Secretariat continues work despite COVID-19
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GP Global expands bunkering portfolio to include Jebel Ali
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IBIA: Practical advice on COVID-19 precautions for bunkering operations
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Daihatsu Diesel receives ClassNK AiP for LPG reformed gas fueled vessel
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Singapore: February 2020 bunker sales volume up 2.5% on year
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Corvus Energy to equip Arriva’s hybrid vessel with Lithium Ion battery
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Straits Inter Logistics enters land lease agreement with Labuan Port Authority
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IBIA: Revision of EGCS guidelines completed
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Aramco Trading inaugurates third international office in London
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Goodfuels to commence Bio-fuel trials with UECC
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ICS: New guidelines to combat COVID-19 for shipping industry
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Singapore: MPA extends precautionary measures to minimise spread of COVID-19
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Geospock: Mapping maritime’s journey to zero-carbon with big data
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Sinopec Hainan Company readies LSFO bunker cargo for export
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CSA 2020: Scrubbers removing sulphur emissions ‘beyond legislation’
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Sinopec Maoming Company announces first LSFO bunker cargo
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IBIA: Update on IMO Arctic HFO usage and carriage ban
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IBIA: HSFO carriage ban - Guidelines for taking onboard samples
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MOL teams up with NMRI on engine digital twin model development
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Sinopec Qilu Company announces first delivery of LSFO marine fuel product
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Bunker One extends marine refuelling services to Lomé, West Africa
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Foreship reports increased scrubber enquiry post IMO 2020
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Intertek ShipCare revives legacy name; re-brands to Intertek Lintec
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Restrictions on open-loop scrubbers in France, Portugal, Spain and Gibraltar
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Sing Fuels appoints Can Ertem as Deputy Commercial Director
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KPI Bridge Oil in green light over merger with OceanConnect
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SAL Heavy Lift adopts ‘Smart Trader’ to weather IMO 2020 uncertainties
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MPA: Successful recovery of COVID-19 infected crew member
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Argus Media: China transport activity picks up as coronavirus slows
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China CSOA requests temporary reprieve from IMO 2020 rules
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China publishes new measures for ship pollution response regime
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Argus Media: Maersk bunker bill 9% lower in 2019
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Liberty Marine Fuels recruits Thomas Worsøe as Senior Bunker Broker
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Dan-Bunkering appoints Kenni Goldenbeck as Middelfart Sales Manager
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Infineum B201 designed for marine fuel stability and compatibility
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Argus Media: Coronavirus shuts USGC to Singapore fuel oil arbitrage
Asian bunker demand plummets; estimated to decline a further 10-20% until virus outbreak is curbed, says analyst.
Stillwater Associates: IMO 2020 - No Large Speed Bump Thus Far
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Bulugo launches digital platform to simplify marine fuels and lubs procurement
Platform designed to help industry navigate uncertainties in sourcing fuel and lubricants while reducing time and costs.
BIMCO joins Japan on proposal to regulate carbon intensity of existing ships
Package of amendments to environmental guidelines has been submitted to the working group on GHG reductions.
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U.S. sanctions Rosneft Trading for brokering Venezuela crude oil deal
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Think-ING: The surprising move in marine fuel spreads
ING economist outlines factors and implications behind unexpected outcomes in the marine fuel product markets post IMO 2020.
Argus Media: U.S. refiners turn to marine fuel cast-offs with IMO 2020
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Rotterdam in partnership to build battery/hydrogen fuel infrastructure
Forms agreement with E.ON and DeltaPort to implement battery container or hydrogen refuelling services in pilot project at Wesel.
Gazprom Neft commences commercial production of VLSFO
Preparations since 2008 pay off and supply of VLSFO to Russian domestic market alone expected to exceed 1.5 million tons.
OMV Petrom produces first ever Romanian VLSFO bunker fuel
Made possible with EUR 3 million investment two years ago into the production logistics facilities at Petrobrazi; first delivery at Port Constanța.
Siemens to deliver largest cold ironing facility in Kiel, Germany
For the first time, the Sirharbor solution will be able to supply two ships simultaneously and is expected to go into test operation in 2020.
Singapore: January 2020 bunker sales volume up 7.5% on year
Total 4.51 million mt of bunkers was sold at the port in January, higher than 4.19 million mt posted during January 2019.
Innospec highlights important overview on handling fuel instability issue of VLSFO
Majority of VLSFO components come from low cost distillate and low sulphur petrochemical streams which can be readily separated to form distillate sludge.
Nauticor in partnership to provide LNG bunker fuel to Fassmer Shipyard projects
First LNG bunkering operation in new cooperation was carried out for research vessel Atait on 6 February.
Trefoil appoints Inatech to cope with Dutch ‘double whammy’ of IMO2020 risks
Faced with higher risks resulting from IMO2020 and new stringent audit regulations, Trefoil seeks fully integrated system solution to maximise efficiency.
The Standard Club: Issues to consider prior to IMO sulphur cap carriage ban
Shipping industry should be well informed on compliance regulations due to upcoming deadline on 1 March and delay of scrubber installations in China.
Wärtsilä obtains DNV GL type approval for SceneScan position system
World’s first laser-based targetless relative DP reference system on LNG bunker tanker Kairos helps to enable safe bunkering at sea.
MPA advises shipping industry on DORSCON Orange precautions
The Ministry of Health has raised its risk assessment from level Yellow to Orange; industry urged to be well informed of its implications.
Early sign of market stabilisation; low sulphur fuel prices fall from record high
Asia bunker fuel demand typically down during the Lunar New Year holiday; however coronavirus outbreak in China exacerbated the downtrend, reports Reuters.
Australia highlights regulations on upcoming fuel oil carriage ban
With 1 March just weeks away, the shipping industry is cautioned to pay heed to ways they can comply with the carriage ban and ensure a smooth transition.
SEA\LNG shares ‘View from the Bridge’ of LNG marine fuel growth in 2019/2020
Report tracks LNG-fuelled growth in vessel segments and worldwide expansion and development of LNG bunkering infrastructure along key trade lanes.
Argus Media: Vessels on alternative bunker fuels hit record in 2019
Orders for LNG-fuelled vessels more than tripled the average ordered between 2016 and 2018 in preparation for IMO 2030 and IMO 2050.
rise-x.io, DNV GL, NUS embark on project to predict illegal bunker activity
Though computer models analysing automatic identification system data to determine if illegal fuel bunkering can be detected using vessel pattern analysis.
BH Global and partners set to develop Singapore’s first hybrid electric marine launch
Homegrown companies pave the way forward in commercialising marine hybrid propulsion technologies to reduce carbon emissions.
BPCL premieres India’s export of VLSFO marine fuel cargo to Singapore
Preparations since December 2019 pay off with tanker MT Alnic MC transporting the first parcel of 15 TMT VLSFO from Kochi to Singapore.
Malaysia: Straits Inter Logistics incorporates port management company
Intended principal business activities of Straits Port Management Sdn Bhd are to carry on the business as an Investment Holding Company.
Turkey: Spike in customs officials scrutinising bunker quantities on board
Kalimbassieris warns these inspections are unannounced and any discrepancies in bunker quantities will be considered violations of law.
UK-based Greenergy time-charters two bunkering vessels for marine fuel deliveries
Bergen Troll and Northern Skaggerrak have the capability to bunker a variety of fuels, including MGO, 3.5%S fuel oil, and 0.5%S fuel oil.
TMFGS presents ‘key insights’ on accelerating use of LNG as marine fuel
Improving clean fuel supply sustainability is only one half of the equation; the other half is balancing demand-based behaviour, says Xavier Pfeuty.
SK Energy prepared to produce LSFO marine fuel from March
Vacuum residue desulphurisation plant in Ulsan undergoing test operations and is estimated to produce 40,000 barrels per day.
Dan Bunkering: Ulrik Silversparre Bodholt appointed Finance Director
Ulrik will be based in the Copenhagen office and will be tasked with a substantial role in managing financial operations and activities.
Hill Dickinson: Ongoing LSFO sediment issues lead to bunker alerts
Bunker quality claims are not new to the industry, but these claims going global indicate an issue with the stability of low sulphur fuel.
BIMCO: Coronavirus impacting the global shipping industry
While it is still early days in the virus outbreak, the implication for the shipping industry is clear - demand and freight rates are falling, says Chief Shipping Analyst.
Corvus Energy to supply energy storage systems to battery hybrid ferries
“There is significant potential for fuel and emissions reduction in Ro-Ro ships as they are normally on fixed routes,” says Senior Vice President of Sales at Corvus.
GP Global, Mercuria, Trafigura reportedly aiming for Singapore bunker supplier status
Conditions set by MPA are now more rigorous, as it targets to clampdown on industry malpractice and meet environmental targets.
Finnlines goes green with Wärtsilä Hybrid Systems for three new ferries
5,000 kWh energy storage system will enable ships to operate with zero emissions while in port- meeting RINA Green Plus class notation.
Brightoil Petroleum (S’pore) Pte. Ltd. leaves MPA accredited bunker supplier list
Latest development leaves a total of 44 accredited bunker suppliers operating at Singapore port, show MPA data.
Pacific Green Technology contests claims on declining scrubber demand
Scrubber technology firm explains why 2020 will see a second wave in scrubber orders when shippers seek solutions to the ‘headaches’ of compliant fuel.
Star International releases on-board IMO 2020 fuel testing and treatment products
Range is directed at providing the industry with tools to obtain additional assurance that suppliers are providing compliant, stable fuel.
Clyde & Co: Implications of Wuhan virus outbreak for shipping and international trade
Outbreak is increasingly putting a strain on businesses and shippers should be well armed with relevant contractual terms to ensure smooth negotiations.
Total Lubmarine’s new coolant reduces operating costs and pollution
WT SUPRA Coolant’s technology claims to be able to extend service life to equipment, reduce maintenance costs and protect the environment.
Langh Tech completes scrubber delivery to four semi-refrigerated gas tankers
Gas tankers managed by Ultragas ApS received scrubbers designed for 7,000 kW engine power with scrubbing capacity for 55.000 kg/h flue gas.
Total Marine Fuels Global Solutions reiterates commitment to Singapore bunker market
TMFGS was the top 6th bunker supplier by volume in the Singapore market for 2019, according to latest figures released by MPA.
The Standard Club: Scrubber installation delays in China due to Novel Coronavirus outbreak
As ship queues for scrubber installation grow at Chinese repair yards, some members are now faced with delivery delays due to impact of the Novel Coronavirus outbreak.
Ince: Novel Coronavirus (2019-nCoV) Legal issues and Impact on International Trade & Transportation
WHO has declared the outbreak as a Public Health Emergency of International Concern and has proposed certain Temporary Recommendations be issued.
Hill Dickinson: Sulphur regs going smoothly, but plan ahead to meet March debunkering deadline
Some issues arising over the margin for error in testing for sulphur content and presence of sediment is causing concern in some areas, highlights lawyer.
Hapag-Lloyd to halve CO2 emissions with use of biofuel bunkers on “Montreal Express”
Montreal Express will undergo a test run to gain experience and information on the properties of biofuel in real-world use.
Straits Inter Logistics proposes MPMSB acquisition for MYR 5.1 million
Megah Port Management Sdn. Bhd. will be the operating company to carry out Port Management Services at Labuan Port from 1 April 2020.
Brightoil publishes unaudited financial results for FY 2017, 2018, 2019
The oil and bunkering firm recorded a USD 328.82 million net loss for operations in FY 2019, showed results released on Friday.
IBIA replies to Clean Arctic Alliance in open letter on black carbon emissions
Suggests upcoming IMO Pollution Prevention and Response Sub-Committee to be ‘the most effective forum’ to progress Dr Prior’s debate.
Singapore advises shipping community on Wuhan Coronavirus precautionary measures
MPA has put up health advisories at the sea checkpoints to inform travellers and ship crew on the precautionary measures to take when travelling.
Scrubber manufacturers Clean Marine and FMSI ink planned merger
Completes previously proposed merger to meet scrubber demands and develop additional products for fuel efficiency.
Argus Media: Wartsila flags up 2019 scrubber demand slowdown
Scrubber sales in 2019 down by 11% compared to 2018 as shipowners gauge whether scrubber investments are justified vis a vis fuel prices.
First STS LNG bunkering operation completed for DEME-owned “Orion” at Rostock
Nauticor’s Kairos successfully supplied next generation offshore installation vessel Orion, the fifth dual fuel vessel in DEME’s fleet, with LNG.
MPA: Advisory to Shipping Community on the Wuhan Coronavirus
On 29 January, there was a confirmed case of a crew member with the Wuhan coronavirus infection working onboard a ship in Singapore waters.
Kirby Corporation to acquire Savage Inland Marine and its bunkering business
‘Savage’s ship bunkering business in New Orleans is an ideal expansion of Kirby’s existing bunkering operations in Texas and Florida,’ says President & CEO.
CRU viewpoint: IMO 2020 regulation likely to raise freight rates by around 10-20%
10%-15% of total ocean-going freight capacity will employ scrubbers in 2020; difference in freight rates will be main variable to determine optimal investment pay-off period.
Genco Shipping & Trading completes scrubber installation program on 17 vessels
Captures differentials of compliant and high sulphur fuel; ‘significantly de-risking initial investment’, says CEO.
AG&P expands business to include small-scale bunker vessels and LNG-to-power barges
Atlantic Gulf and Pacific are reaching smaller and more scattered customers through its distribution solutions that drive down the delivered cost of LNG.
Trafigura joint venture TFG Marine starts bunker trading operations at Singapore
Trafigura, Frontline and Golden Ocean Group joint venture formed on 13 August 2019 to establish a global supplier of marine fuels.
Greece: EUR 20 million finance agreement signed for construction of new LNG bunker vessel
Greece’s first LNG bunker vessel will be supplied with LNG at Revithoussa LNG terminal and will refuel ships both in Piraeus and other ports in Greece and the wider region.
Gassum reports increased business as “Coralius” completes 200th STS LNG bunkering op
Coralius’s first bunkering was in September 2017; she reached the 100th bunkering mark in February last year; her 200th delivery was achieved this week, says the company.
Four new Bunker Traders join Dan-Bunkering in Dubai
The latest hiring makes the Middle Eastern office, established in 2013, the largest office of the Dan-Bunkering group in terms of number of Traders.
Straits Inter Logistics confirms takeover of Labuan Liberty Terminal
Provides bunkering and other services including container operations, break bulk, berthing, mooring, harbour tug services, stevedoring, ship chandelling to vessels.
PricewaterhouseCoopers resigns as auditors of Brightoil Petroleum
PwC was not able to obtain further information nor satisfactory explanations of the trading activity between certain parties, amongst other issues.
BIMCO: Low-sulphur fuel oil prices drop USD 99 per MT in Singapore
Price level of VLSFO declines from the all-time high of USD 740 per mt on 7 January to USD 641 per mt on 22 January, the largest drop seen in Singapore.
MPA grants bunker surveying company licence to Inchcape Shipping Services
Inchcape Marine Survey and Inspection team in Singapore licensed to undertake bunker surveys and other supporting survey requirements from February 2020.
Monaco Marfin Management partners BunkerTrace to enhance bunkering transparency
BunkerTrace tracks marine fuel using synthetic DNA markers at specific points of the supply chain and records each transaction in a blockchain-based solution.
BNP Paribas, Credit Suisse latest banks to adopt Poseidon Principles for shipping sector
Poseidon Principles designed to support ship owners in achieving the ‘at least 50% by 2050’ GHG reduction target, and to help financial institutions manage risks.
Bunker One enters strategic alliance with Vertex Energy to strengthen U.S. position
‘The agreement with Vertex Energy solidifies Bunker One’s position as a vertically integrated supplier of marine fuels in the USA,’ says Carlos G Torres.
Probunkers signs LOI with Hyundai for construction of two LNG bunker vessels
‘Hyundai is among the very few yards which can demonstrate experience in the new field of LNG bunker ship design and construction,’ says Probunkers.
Malaysia Northport receives first LSFO shipment at Southpoint Terminal
6,190 dwt bunker vessel Straits Energy delivers LSFO shipment to dedicated storage tanks at Southpoint Terminal.
Global Maritime Forum: Approximately USD 1-1.4 trillion needed to achieve IMO 2050
Significant investments needed to decarbonise shipping can only be expected to happen if there is a long term commercially viable business case.
Labuan Port Authority to be investigated for corruption over port tender
Complaint relates to decision making process of on-going tender to operate Labuan’s containerised port.
Singapore-based Sing Fuels announces Senior Bunker Trader, Houston office
New office and addition of Chris Brooks provides firm opportunity to be closer to US customers and suppliers.
Cryostar and KC LNG to upgrade bunkering facility at Antwerp port
Development allows Fluxys, G&V, Titan LNG and Rolande to offer LNG as marine fuel at quay 526/528, where now only truck-to-ship bunkering is taking place.
Port of Rotterdam: LNG bunkering ops up in 2019, to introduce bunker permit by 2021
Three permanent LNG bunker vessels operating in port to date, with further four LNG bunkering specialists owning LNG bunkering licence.
Maritime industry players join forces on ammonia-fuelled tanker project
MISC, Samsung Heavy Industries, Lloyd’s Register and MAN Energy Solutions to collaborate on addressing shipping’s decarbonisation challenge.
Wärtsilä to equip Chantiers de l‘Atlantique built cruise ships to run on LNG
The Wärtsilä 46DF engines are IMO Tier III compliant in gas mode, and are compliant in marine diesel oil (MDO) mode in combination with the NOR units.
Costank leaves MPA licensed bunker supplier list, 45 players remain
Costank was positioned 16th out of 51 players in MPA’s list of top Singapore bunker suppliers by volume in 2018.
Argus Media: Singapore 0.5% fuel oil stocks between 7 to 8 million mt, says IEA
Singapore’s swelling inventory has not prevent shortages, but constraints in bunker delivery infrastructure during the transition to low-sulphur fuels remain a concern.
Sinopec increases LSFO production, ensures adequate supply during Chinese spring festival
The company ships first 10,000 mt batch of LSFO to Zhoushan, Zhejiang, to supply for ships plying in waters east of China during spring festival.
BIMCO: Low-sulphur fuel sale jumps as 2020 sulphur cap kicks in
Sales of low-sulphur fuels, including LSFO and MGO LS, rose by 51% month-on-month in December to 3,127 kilo mt, compared to the 1,271 kilo mt of HSFO sold in the same month.
Iran Ship Owners Union says enough low-sulphur fuel has been supplied for IRISL fleet
The Islamic Republic of Iran Shipping Line and National Iranian Tanker Company are both cooperating to secure avails of low sulphur fuel, says IRSOU spokesman Yahya Ziaei.
Quadrise Fuels International positioning MSAR® for commercialisation in 2020
Highlights ‘firm foundation for growth’ with GBP 4.5 million funding in place, as company announces promotions of key staff members instrumental in the development of MSAR trials during 2019.
Panama Canal annual bunker volume increases 17.6% on year during 2019
Total bunker sales at Panama Canal was 5,352,396 mt in 2019, compared to sales of 4,551,630 mt in 2018.
ReCAAP 2019 report highlights 82 incidents of piracy activities against ships in Asia
Figure represents an increase of 8% (6 incidents) in the total number of incidents and an increase of 15% (9 incidents) in actual incidents, compared to 2018
Safe Bulkers extends scrubber partnership with Alfa Laval through service agreement
‘The Alfa Laval Service Agreement will help us safeguard long-term performance, for example by using data analysis to keep systems performing at their peak,’ says Dr. Loukas Barmparis.
BIMCO: Low-carbon economy drives contract development
Policies and activities on sustainable shipping, innovation, efficiency, renewability and agility need to be translated into contractual agreements for effectiveness.
Gazpromneft Ocean TPL 3030/3040 and TPL 4040/5040 lube oils receive Wartsila engine approvals
The Gazpromneft Ocean TPL 4040 oil product worked for more than 4,500 hours on board a vessel during trial tests which lasted about 14 months.
Port of Singapore records strong maritime growth in past decade
In particular, container throughput in 2019 hit an all-time high of 37.2 million TEUs amidst challenging global economic conditions.
Bunker sales at Singapore port increased 4.7% on year in December
Bunkers sold at republic totalled 47.46 million mt from January to December 2019, 4.7% compared to similar period last year.
Vertex and Bunker One enter into 10-year Marine Fuel agreement
Bunker One will have the exclusive rights to purchase 100% of Vertex's Marrero, Louisiana refinery's marine fuel production until December 2029.
Low supply of LSFO for bunkering to halt shipping operations on east coast of India
Monthly estimated demand of 30,000 mt of LSFO for coastal ships plying on India’s eastern coastal route are not met, say local bunker suppliers.
Rosneft begins supplying 0.1% sulphur fuel oil for bunkering at Russian river ports
Company begins refuelling ships with TMS type A eco-friendly fuel (low-viscosity marine fuel) produced by the Novokuybyshevsky Oil Refinery.
The IMO 2020 fuel oil spread: China to the rescue?
China’s fuel oil tax rebate may lower bunker prices, especially in Asian shipping hubs, says FIS’ Chris Hudson.
China govt approves national tax rebate for VLSFO production
Initial exports of bunker fuel may be limited due to focus on developing domestic coastal bunker fuel market.
Argus Media: Lack of Ecuadorian LSFO output to benefit Panama
Ecuadorian reliance on imports and lack of local LSFO refiners could keep Ecuador’s prices less competitive.
NIMR International and Port of Duqm sign long-term bunker supply agreement
NIMR’s bunker barge will carry an initial capacity of 5,000 mt of MGO, VLSFO and marine lube.
O’Rourke Petroleum acquires marine fuel assets of J.A.M. Distributing Company
Acquisition broadens service offering, customers base and increases storage capacity to 150,000 barrels.
Drewry launches marine fuel advisory and management services
Services to reduce risk of excessive BAFs, better control over fuel portion of ocean freight rate.
China Classification Society issues type approval for Wartsila EGC system
Dalian Shipbuilding Industry awaits for installation of Wartsila EGC system onboard the New Treasure.
Balearia launches LNG bunker supply in Valencia port using MTTS
The MTTS system allows simultaneous supply of several tank vehicles with transfer speed of up to 120 m3/h.
DNV GL joint industry report studies battery safety onboard vessels
One of the findings concerns the critical function of ventilation systems to avoid accumulation of explosive gas.
FinCo acquires majority stake in renewable fuels player GoodFuels
Development an ‘exciting and positive next step in GoodFuels’ journey,’ says GoodFuels CEO Dirk Kronemeijer.
Argus Media viewpoint: US high sulphur distillates still in demand
US high sulphur distillates may prove profitable going into 2020 despite IMO 2020 global sulphur limit.
ClassNK grants AiP to a concept design of an LNG-fuelled capsize bulker
NS United Kaiun Kaisha, Ltd. and Imabari Shipbuilding Co., Ltd LNG tanks are cost saving and easy to install.
Fratelli Cosulich acquires “Emma Cosulich” for Singapore bunker operations
The company has acquired the 8,000 dwt bunker tanker as its sixth bunker tanker operating at Singapore port.
Bahrain port introduces restrictions over open loop EGCS discharge
Bahrain authority ‘strongly encourages’ the use of close loop mode when vessels sail within Bahraini waters.
BP Singapore bunker trial nears end as legal reps present summary submissions
Lawyers of the ex-Regional Marine Manager of BP Singapore, the Executive Director of Pacific Prime Trading, and Deputy Public Prosecutors were present at the State Courts on Wednesday.
Vitol Group acquires Sinanju Tankers Holdings; gains foothold in Singapore bunker ops
The Singapore Bunkering license holding entity has been renamed Vitol Bunkers (S) Pte Ltd and from 1 April 2020 all bunker deliveries will be carried out by Vitol Bunkers (S) Pte Ltd.
PMI Trading responds to Nustar Energy over alleged off-spec bunker fuel supply at Houston
Seeks to enforce either arbitration clause under contract or to dismiss NuStar and TPP respective liability claims, according to documents obtained by Manifold Times.
‘Minimal disruption’ to Singapore bunkering operations despite COVID-19, confirms MPA
‘We are closely monitoring the rapidly developing COVID-2019 situation while remaining committed to working with the bunkering industry to ensure minimal disruption to bunkering operations and services.’
Photo Essay: “Marine Vicky” in multi-agency emergency preparedness exercise at Singapore port
The emergency preparedness exercise involving SCDF, PCG, MPA, and Sinanju was carried out on the LNG dual-fuel bunker tanker at Raffles Anchorage on 17 March, learned Manifold Times.
Singapore bunker players continue Business Continuity Plans in response to COVID-19
Manifold Times checks along the bunker supply chain on how various companies are managing operations after the republic entered DORSCON Orange in response to COVID-19.