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Indian Oil Corporation Ltd & New Mangalore Port Trust ink bunker supply agreement

08 Apr 2021

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

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