Disclaimer: An online translation service was used in the production of the current editorial piece.
Sinopec Shanghai Petrochemical on Tuesday (13 April) said it has produced 66,800 metric tonnes (mt) of low-sulphur fuel oil in the first quarter of 2020, according to Sinopec News Network, the company’s official news agency.
Sinopec Shanghai is one of the earliest refineries in China to produce low-sulphur marine fuel using its locally patented hydrodesulfurisation technology is able to produce 3.9 million mt per year, it said.
It shared that in the first quarter, the quantities produced per month are 31,200 mt, 8,200 mt, and 27,400 mt in January, February and March respectively.
The company also adds that the finished product is approved for both export and domestic use.
The quantity of fuel produced had to be monitored carefully due to the COVID-19 outbreak which caused a slump in the oil markets, it said.
Nevertheless, Sinopec noted its various departments working together to ensure that production was on par with demand.
Photo credit: Amber Case
Published: 14 April, 2020.
Keld R. Demant, CEO of Bunker Holding Group, tells Manifold Times how the firm managed a 16% improvement in EBT to $40 million despite a challenged bunker market.
Tan Chong Han joins the Singapore-based bunker trading outfit with immediate effect.
"These appointments are a testament of the consolidated growth Sing Fuels has gone through the last years,” said Sonnich Thomsen, Managing Director, Bunkers.
The ten 300,000 tonne vessels are reportedly ordered by a European client and DSME expects to finalise the deal within the first quarter of 2021.
Liquid petroleum products, augmented with speed reductions and other design modifications will be used by dry bulk shipping to meet 2030 mandate, reports Argus Media.
The firm took part in several LNG bunkering related developments and received an award for its methanol-fuelled vessels.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.
