Disclaimer: An online translation service was used in the production of the current editorial piece.
Sinopec Shengli Petrochemical on Tuesday (28 April) said it has successfully produced and exported low sulphur marine fuel, achieving a milestone for the Dongying district, according to Sinopec News Network, the company’s official news agency.
Thirty tankers carrying 5,000 metric tonnes of low sulphur marine fuel on Wednesday (22 April) were transported to Longkou Port for storage and later transferred to Sinopec’s export warehouse.
In early 2020, Shengli refinery started planning the production of low sulphur marine fuel in order to overcome the downturn in the fuel and diesel markets caused by the COVID-19 pandemic.
By the end of March, raw materials including low sulphur crude oil, and blending equipment were transported to the refinery. With the team’s high level of cooperation and execution, the refinery reported the successful production of its first batch low sulphur marine fuel that met IMO 2020 requirements by mid April.
Sinopic Shengli notes that it expects to produce 260,000 mt of low sulphur marine fuel throughout 2020.
Photo credit: Keith Mulcahy
Published: 29 April, 2020
Sukumar Verma, Managing Director at Informa Connect Singapore, explains how the world’s largest bunkering event will be virtually carried out between 6 to 8 October 2020.
David John Kidd amassed losses of over SGD 1 million to Lukoil Asia Pacific Pte Ltd through multiple irregular trades with Transocean Oil over a four-month period in 2016.
Helmsman LLC lawyers discuss pausing of LC payment, what it means for parties buying ships from companies of a group affected by fraud allegations, and trafficking in spent bills of lading.
Beluga Asia has entered into a Memorandum of Agreement with Sun Marine Corporation to acquire bunker tanker M.T. MA Veronica for USD 2.45 million.
Listing of Brightoil’s shares on the Stock Exchange was cancelled on 16 March 2020, according to a written Judgement of Russell Coleman, a Judge of the Court of First Instance.
‘To this end, the Bank has shown there are grounds for suspecting the CIA Contract may be a sham / fake contract and/or was not performed,’ said CMB’s submission to the Singapore court.