The Singapore subsidiary of Connecticut-based Freepoint Commodities, a U.S. based merchant of physical commodities and a financer of upper-and mid-stream commodity-producing assets, is planning to start supplying very low sulphur fuel oil (VLSFO) at the republic by the fourth quarter (Q4) of 2019, reports Reuters.
“We already have Asian clients booking our supply of low-sulphur fuel oil,” which will start arriving in the fourth quarter, said Ouyang Xiuzhang, head of Freepoint Singapore, as quoted in an interview.
According to Ouyang, the parent company will be sending ship US fuel oil components for blending operations of VLSFO in Asia.
“We can supply out of floating storage in Singapore,” he notes while adding the company has earlier entered an agreement with PT Pertamina to further develop the TBBM Sambu Island Fuel Terminal.
Related: Indonesia: Freepoint Commodities expands regional bunker business
Published: 22 August, 2019
‘The vessel will return back to operations soon,’ shipowner and operator Star Formula tells Manifold Times.
Quarantine applies to ships that have called at 'contaminated countries'; medical checks of crew are also required to be conducted by port sanitary officers.
Secretary General urges IMO Member States to ‘ensure availability of shipping services to the commerce of the world, for the benefit of humanity’ when making policy decisions.
Introduces COO, Group Financial Controller and Interim CFO, and Global Director of Supply and Trading.
Claims 30% market share in the Russian bunker market of Northwestern Federal District.
Tanker rates impacted by heavier than normal refinery maintenance in 1H 2019 as refiners prepare for IMO 2020.
The local bunkering sector has adapted to IMO 2020 requirements and LSFO is now available at more than two earlier locations, notes bunker supplier Trillion Energy.
Claiming USD 108,887.87 for the supply and delivery of 310.00 mt of low sulphur marine gas oil at the Port of Jeddah on or about 23 February 2020.
A sanitisation expert offers Manifold Times a summary of the processes involved in disinfecting a ship together with the equipment and products used in the operation.
‘As the saying goes without people buying things, manufacturing will slow, trade will also slow and shipping movements slows down. It’s a whole chain of reaction,’ says Simon Neo.
Laboratory looking to collaborate with Singapore bunker surveyors to roll out COVID 19 testing service, which has been successfully adopted by land-based industries, to the maritime sector.
Sinfeng Marine Services filed an application to the Court of Appeal to withhold information from the liquidators on October 2019; the appeal was dismissed a month later.
