China bunker supplier Chimbusco says it is ready to supply very low sulphur fuel oil (VLSFO) as bonded bunkers at all Chinese ports from the fourth quarter (Q4) of 2019 until the second quarter (Q2) of 2020, reports Reuters.
Sun Hougang, the general manager of Chimbusco, notes the company has secured a minimum of 4 million metric tonnes (mt) for supply in China during the nine-month period.
Additionally, the company has already more than 10,000 mt of bonded VLSFO in its storage tanks to date.
According to Sun, the supplies will come mostly from PetroChina who has also established a bunkering arm at Zhoushan.
Eight of PetroChina’s refineries and 10 of Sinopec’s refineries are capable of producing VLSFO; seven of PetroChina’s plants have produced a total 37,000 mt of VLSFO in a trial, he said.
Published: 24 October, 2019
‘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.