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
Regulation leaves a first impression that the courts might give more weight to visual evidence, which is potentially open to interpretation and unclear.
German hypermarket chain is one of the first major customers in Germany to use DHL’s GoGreen Plus service to reduce its annual carbon emissions.
Global Energy Trading and subsidiary of Mercuria Energy Trading bought the vessels at a Singapore auction.
Deep Sea Technologies joined Seanergy Maritime Holdings Corporation to develop, test and improve the Pythia weather routing and voyage optimisation platform.
Retires 7:1 calculated ratio on 11 February and now assessing 0.5% LSFO based on market price info.
Parties to the convention signed a declaration endorsing a new strategy for 2022 to 2027 to achieve a healthy, clean, sustainable and climate resilient Mediterranean Sea.
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.
