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
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.