Demand for marine fuel at Fujairah was reported to be “lacklustre” in the week to 8 January due to rising crude prices, according to MENAFN – Emirates News Agency.
It noted Pakistan State Oil (PSO) cancelling its fuel oil import tenders for February, and not issuing further tenders until June at the earliest due to a reliance on the domestic fuel oil supply.
A new liquefied natural gas (LNG) import terminal last year at Port Qasim has caused the Pakistan government to restrict the consumption of fuel oil in the power sector due to environmental and political pressure.
PSO typically tenders for up to 500,000 metric tonnes (mt) of fuel oil loading from Fujairah every month, and its withdrawal from the market could negatively impact the market for utility grade fuel oil.
Publication date: 11 January, 2018
‘We’ll start the application [to MPA] before the end of 2022 and hopefully to receive approval within six months or sooner,’ L. Y. Hwang, Director / General Manager of Oval Asia Pacific Pte Ltd, tells Manifold Times.
Digitalisation makes it easier for shipowners to conform to growing external regulations such as new sulphur regulations and ‘no scrubber’ zones; operators can identify better bunkering options to reduce costs.
Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Fifteen incidents of misappropriation of Shell gasoil worth USD 10,4 million went undetected by Shell between 2016 to 2017 due to Muhammad Ali Bin Muhammad Nor’s involvement, learned Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.