The Bangladesh government has approved Bangladesh Petroleum Corporation’s (BPC) proposals to purchase 150,000 metric tonnes (mt) of bunker fuel across July-December 2020, reported The Daily Star.
The proposals that were approved are to import 75,000 mt of bunker fuel through an international tender for Tk 222.1 crore (USD 26.3 million), and another 75,000 mt through government-to-government trades for Tk 216.7 crore (USD 25.6 million).
In total, four companies submitted bids when the government floated the tenders to import IMO 2020 compliant marine fuel. ENOC Singapore Pte Ltd., the lowest bidder, was awarded a tender in the international category.
Six suppliers also submitted their bids for a second proposal under the government trade; this was awarded to PTT International Trading Pte Ltd.
Published: 21 August, 2020
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.
‘We will now take the necessary time to consider and evaluate the verdict and the premises of the verdict thoroughly before making any decision of whether to appeal to a higher court,’ informs company.