Shandong-based Qingdao Beihai Shipbuilding Heavy Industry, a subsidiary of Wuchang Shipbuilding Industry Group Co, Thursday reportedly delivered a very large ore carrier (VLOC) to Chinese firm Industrial and Commercial Bank of China Leasing (ICBC).
The 400,000 metric tonne (mt) capacity Ore Tianjin is designed for Brazilian metals and mining organisation Vale; it will be used to transport cargoes between Brazil and China.
“The bulk carrier can sail at a speed of 27 kilometers per hour for 25,550 nautical miles nonstop. It means the ship can sail between any two ports in the world without extra fueling,” said the company as quoted by China Daily.
The 362-meter long vessel is also fitted with a liquefied natural gas (LNG) tank, and is able to use the material as a bunker fuel.
Qingdao Beihai Shipbuilding Heavy Industry is scheduled to deliver seven more similar VLOCs to ICBC within 2018.
Photo credit: China Daily
Published: 26 March, 2018
An Extraordinary General Meeting was held on Friday, 19 February and the appointed liquidators are calling for creditors to submit proof of debts by 30 March.
Plans to sell marine fuels business by 2020 as part of focus shift to ‘unlock sub-Saharan African trade corridors’.
Development takes place after completion of an industry-first biofuel trial onboard Svitzer Intrepid which has been running since September 2021.
Any person who intends to appear on the hearing of the winding up application must serve on or send by post to Grant Thornton Singapore’s solicitors.
Firm now funded in the short term to continue operating until early October 2019, says board.
The company started working with Qatar Petroleum over bunkering operations in 2017.
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.
Cai Zhi Zhong received a total of about USD 1.3m to USD 1.6m, of which he saved a portion and spent the rest, including on property, cars and watches, according to court documents obtained by Manifold Times.
‘MFMs will continue to have a place within the bunkering sector even when the shipping industry continues to adopt new types of marine fuels, such as LNG, biofuel, methanol, ammonia and hydrogen,’ states spokesman.
Current ISO 8217 bunker fuel standard not comprehensive enough for biofuels; National Mirror Committee working with local players to develop more comprehensive biofuels standard for Singapore, says Capt. Rahul.
‘There are some important differences between VLSFO and biofuels, and as a result, parties should consider whether additional changes should be made to biofuel bunker contracts,’ says Paul Collier.
