Guangdong-based Sinopec Guangzhou Petrochemical on Wednesday (1 April) announced its first export of low sulphur fuel oil (LSFO) cargo, making it the first batch of LSFO to be exported in the Pearl River Delta region, according to Sinopec News Network, the company’s official news agency.
In the same release, Sinopec Guangzhou stated on 25 March, 713 metric tonnes (mt) of LSFO produced by Sinopec Guangzhou passed through the export division of Huangpu Customs and was supplied to international vessels docked at Port of Guangzhou.
Sinopec Guangzhou also noted that on 4 March, Huangpu Customs had already approved for the company to establish a ‘domestic export transformation supervision warehouse’ to increase efficiency in exporting LSFO.
Photo credit: PeterCH51
Published: 2 April, 2020
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.