A sudden increase in unaccounted bonded marine gas oil (MGO) sales to vessels has caused Ghana authorities to start investigations, while proposing taxes as a solution.
“We have been receiving requests for marine gas oil, which in essence is diesel to bunker ocean-going vessels, and the volumes have been increasing over time,” Hassan Tampuli, CEO of the National Petroleum Authority (NPA), told Ghana Web.
“We observed that there has been some 2,000% increase in the demand, and this cannot be mathematically feasible so we have had to interrogate the demands.
“We checked, and it turns out that some of the vessels that were claimed to be bunkered were not even in Ghana. So somebody takes the product and immediately dumps it on the Ghanaian market without paying the necessary taxes, levies and margins.”
According to Tampuli, the illegal activity will damage business activities in the private sector.
“You don’t only distort the market but you create an avenue for businesses which want to do genuine business to begin to follow you, because they cannot compete with you; and if they cannot compete with you, they have to lay-off their workers,” he says.
“The business of government is to create an enabling environment for businesses to thrive and create jobs. We intend to give opportunities for the private sector to operate, expand and create more jobs. What is happening right now is something that goes contrary to the above aims of government, and we will stop at nothing to stamp out this bad practice.”
Tampuli suggested the introduction of taxes for MGO as a solution.
“We have, in collaboration with the Ministry of Finance, proposed the imposition of taxes, levies and margins on all marine gas oil to discourage criminal elements from distorting the market,” he said.
Publication date: 12 January, 2018
Creditors to send it in their names and addresses, with particulars of their debts and claims, to the Liquidator on or before 19 July 2021, according to notice.
Plans to introduce LNG bunkering at Spanish ports as marine refuelling ops become a ‘public service obligation’.
About 200 mt of RMG 380 bunker fuel worth USD 130,148.86 delivered to the chemical tanker "Sea Longitude" at Singapore port on 31 January 2020, according to documents obtained by Manifold Times.
All creditors of Zeamarine Singapore should file their proof of debt with the Liquidators who will be administering all affairs of the company by 25 May.
The Committee for Aegean Accountability believes development to be “a corrupt corporate acquisition”.
The vessel was spotted by the MMEA patrol team at about 11.20 am, 11 nautical miles east of Tanjung Penawar while carrying out routine inspections on Friday.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.
Digitalization can help shipping achieve its decarbonization goals but only if human factors are considered enough when introducing smarter maritime operations with ‘user-friendly’ technology.
Anand S/O Omprekas, Noruliman Bin Bakti, and Muhammad Khairul Asri Bin Mohamad Hanafiah were tasked to verify the quantity of cargo supplied to vessels by Shell Eastern Petroleum Private Limited.
