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
Shipowners share their information anonymously either by trading on the platform, or by submitting bunker delivery notes when they fix stems.
Outbreak is increasingly putting a strain on businesses and shippers should be well armed with relevant contractual terms to ensure smooth negotiations.
Coastal Sustainability Alliance’s plan to electrify harbour craft will contribute to the efforts under MPA’s Maritime Singapore Decarbonisation Blueprint 2050.
Better and safer starting point could be a blend of VLSFO with different percentages of HVO that meet ISO 8217:2017 specs rather than using pure HVO, suggests Blend Tiger LLC study.
Discusses business operations, potential debt reorganisation and winding up petitions, and financial review.
In general, signing-on crew are required to serve 21-day Stay-Home-Notice (SHN) in the crew’s originating country before departure to Singapore.
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.
