There are plans to construct a berth for bunkering at Chennai port, says P. Raveendran, Chairman at Chennai Port Trust, during an announcement of the marine facility’s performance for its financial year ended March 31, 2018 (FY 2018).
Chennai port posted net profit of Rs 32 crore ($4.93 million) during FY 2018, representing a 77% increase when compared to net profit of Rs 13 crore in the previous period, according to The Hindu Business Line.
The facility’s operating surplus was Rs 225 crore, up 3.82% against Rs 217 crore in the previous year.
The improved performance was due to higher cargo throughput of 51.88 million metric tonnes (mmt) handled during FY 2018, against 50.21 mt in the previous year.
Notably, Chennai port had exited the 48.88 mmt target set by the Shipping Ministry for FY 2018.
Photo credit: Chennai International Terminals
Published: 9 April, 2018
“Haiyang Shiyou 542” and “Haiyang Shiyou 547” are the world’s first LNG-fuelled OSVs to carry four smart systems, including collision prevention assistance and on-duty guards.
Increase in output was achieved through the use of a new catalyst for hydrotreatment of vacuum gas oil produced by Rosneft, it says.
‘Ecoslops is proud to be able to count on the EIB and its teams to support it in its European development.’
Rosneft, SCF subsidiaries provides engineering support to build three LNG-powered tankers.
Latest development leaves a total of 44 accredited bunker suppliers operating at Singapore port, show MPA data.
‘It is expected that the volatility of the European Union Allowance (EUA) traded in ETS may increase, as the revised legislation comes into effect’, it states.
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.
Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.
