Indian state-owned oil and gas corporation Chennai Petroleum Corporation Limited (CPCL), a Group company of Indian Oil Corporation (IOC), has successfully produced a batch of IMO 2020 compliant low sulphur bunker fuel and is ready to supply to vessels at port, reports The Hindu Business Line.
CPCL is prepared to blend 5,000 metric tonnes (mt) of bunker fuel per month and production can be increased based on demand.
IOC currently procures marine fuel from its Paradip refinery but could change its supplier to CPCL if the rates are favourable.
The company notes that several other India refineries have started producing low-sulphur marine fuel this year, namely, Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL).
Published: 27 August, 2020
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.