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.
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Publication date: 11 January, 2018
Apurva Mali of Dubai-based commodities trading firm Ennero writes about the importance of Credit Risk Management in today’s bunker and shipping industry.
Low levels of 4 cumyl phenol, Bisphenol and other chemicals found using FTIR and GCMS test methods, states FOBAS.
‘Questions have been raised about the impartiality of one of the members of the court,’ said judge Jens Lind as he returned to the courtroom after a meeting.
Fuel oil cargoes from Malaysia, Singapore, South Korea and Japan respectively formed 54%, 31%, 11% and 4% of bonded imports to China in November.
A carbon free maritime sector by 2050 may seem a very long way from here, but big liner operators are already starting to make plans well in advance.
Niche and major volume sectors outside LNG carrier segment supporting current growth of LNG-fuelled fleet.
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
