Cyprus-based global commodity trading firm Gunvor is considering a partial sale of its 1.5 million cubic metre capacity Rotterdam oil storage facility.
A source close to the development told Reuters the sale relates to Gunvor’s Stargate Oil Terminal at Rotterdam.
The company acquired the facility which stores crude oil, liquefied petroleum gas, naphtha, gasoline, kerosene, gasoil, vacuum gasoil and fuel oil after purchasing the 88,000-barrels-per-day Rotterdam refinery from Kuwait Petroleum International in 2016.
Last year, Gunvor sold its stake in the crude oil storage business at the Maasvlakte Olie Terminal to Saudi Aramco Overseas Co.
Photo credit: Port of Rotterdam
Published: 14 March, 2018
Houston Ship Channel reopens to ease congestion; US fuel oil stocks hit new low point; VLSFO supplies tight in Brazil and Uruguay.
Updates include the requirement to wear a mask when not in their ordinary place of residence; exceptions include activities where a mask is not required i.e. welding.
‘All ships given approval to operate for the activities specified under Section 491B shall ensure that the AIS system is always activated at all times,’ it said.
1.5 billion dollar port is equipped with eight tanks, totalling a holding capacity of 51,000 cubic metres of bunkering services; Liberian oil tanker Melody the first to berth at port for bunkering.
Winding up application filed by FTI Consulting on 18 November will be heard at the High Court on 18 January 2022, says Government Gazette notice.
314,249-dwt crude oil tanker DHT Sundarbans was bunkered by Tongyu 11 under the supervision of various officials to ensure safety while berthed in the port.
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
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.
