Indian Oil Corporation Ltd (IOCL) on Tuesday (6 April) signed an agreement with New Mangalore Port Trust (NMPT) to provide bunkering services to vessels visiting the harbour, or at the port’s anchorage and offshore areas.
NMPT had invited tenders from firms with experience in supplying bunker fuel under the project: “Providing Bunkering Facilities to the ships visiting harbour and ships at anchorage / offshore at New Mangalore Port for a period of Five Years”.
IOCL won the bid by offering the highest minimum volume of bunkers offered by a firm, it said.
NMPT had aimed to provide all the required facilities to the shipping community in general, in line with the guidelines and directives received from the Ministry of Ports Waterways & Shipping.
NMPT said it then identified infrastructure projects and found that bunkering facilities for ocean going vessels and coastal will have enough potential since the Port is located on the main Trunk route.
Considering the strategic location of the port among the international sea routes, it is viable to provide bunkering services to ships within the port area connected to all berths and also those anchored outside the International waters.
After the formal contract agreement the expected minimum cargo to be handled will be 90,000 mt annually over a period of five years.
The signing ceremony was witnessed by Dr. A. V. Ramana, Chairman, NMPT, Dy Chairman, senior officers of the Port Shri Debabrata Mukherjee, GM – Institutional Business, Shri V Jagadeeshwara Rao, Manager – Institutional Business were present at the juncture.
Photo credit: New Mangalore Port Trust
Published: 8 April, 2021
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
NBF mulls use of blockchain-based registry of trade finance transactions as secure central database for the banking industry to streamline documentation processes and resolve transparency issues.