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
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.