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 initial $190 million worth of credit extended to six major firms, according to document obtained by Manifold Times.
Firms interested in applying for quota should have domestic bank credit lines of not less than USD 20 million or RMB 120 million with access to storage facilities.
Complimentary online sessions with Residential Trainer of US-based Monroe Institute will allow participants to increase their skills for personal and professional effectiveness.
Approximately 2.79 million mt of 380 cSt grade marine fuel was sold in the month, down 11.4% on year.
New law to safeguard national sovereignty, security and development interests; and protect rights and interests of Chinese citizens and organisations.
‘We are looking forward to a highly successful co-operation in the years to come and we are currently lining up the first installation opportunities with CHI,’ says Anemoi.
‘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.
