CHIMBUSCO Shipping Company Limited, a subsidiary of China Marine Bunker (PetroChina) Co., Ltd. (CHIMBUSCO), Monday entered into a Second Time Charter Party with COSCO SHIPPING Tanker (Dalian) Co., Ltd (Dalian Tanker).
The three-month time charter contract is effective from the second delivery date of the Aframax oil products tanker at US$12,500 per day, for a maximum consideration of US$1,337,500, said a statement from COSCO SHIPPING Energy Transportation, the parent firm of Dalian Tanker.
The Second Time Charter Party contract builds upon the First Time Charter Party with Dalian Tanker on 9 April 2018.
Further details regarding the delivery date were unavailable from the COSCO SHIPPING Energy Transportation statement.
CHIMBUSCO is primarily engaged in the supply of bunker oils, marine lubricants and fresh water to international shipping vessels and coastal vessels, as well as the trading and provision of transportation and storage services for various oil products.
Published: 25 July, 2018
‘MFMs will continue to have a place within the bunkering sector even when the shipping industry continues to adopt new types of marine fuels, such as LNG, biofuel, methanol, ammonia and hydrogen,’ states spokesman.
The meeting will be held at the office of financial advisory KordaMentha to resolve that the Liquidator’s fees and disbursements for the liquidation be approved.
The 2020 Singapore Registry of Ships Forum focused on tapping opportunities from the COVID-19 pandemic, in areas such as digitalisation and decarbonisation.
‘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.
Project involves large-scale production of green hydrogen and further processing into green ammonia and/or liquid organic hydrogen carriers.
In addition to eight new orders, the company is completing 25 existing LNG system orders while setting up new procedures and protocol amidst COVID-19.
“In TotalEnergies, we already have projects along the e-Fuel value chain, from green electricity and green / blue hydrogen to e-Fuel production that will be integrated along the marine fuels value chain in time to come,” shares Louise Tricoire.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
