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
‘Generally, you have to heat VLSFOs to prevent waxing, but the more you heat them the lower the shelf life is going to be,’ Dr Malcolm Cooper, the Group Managing Director of VPS, tells Manifold Times.
Current low prices for road and aviation fuels in September could mean another increase of flashpoint off-spec cases for MGO when players start introducing the products back into the bunker stream.
Some bunker suppliers at various ports have even achieved their sales target for the year; the trend doesn't seem to be slowing down and suppliers are expecting a boom during end of September.
The company has entered a memorandum of agreement with Millenium Satu Ltd to acquire the 7,550 dwt oil tanker to increase service flexibility; vessel will be paid over an installment period of 36 months.
Deloitte & Touche JMs believe IPP has a viable claim against Dr Goh Jin Hian for breaches of his director’s duties to act with skill, care and diligence which he owned to IPP, states court document.
An earlier MPA notice outlined precautionary measures for personnel to observe when conducting marine refuelling operations at port in order to minimise the risk of contracting Covid-19.