Yahya Ziaei, Secretary General of Iran Ship Owners Union (IRSOU), on Wednesday (15 January) said enough low-sulphur fuel has been supplied for Islamic Republic of Iran Shipping Line (IRISL) maritime fleet, according to Tehran Times.
The Islamic Republic of Iran Shipping Line and National Iranian Tanker Company are both cooperating to secure LSFO avails, he told the news agency in an update.
Ziaei said for the past few years, Iran’s Ports and Maritime Organisation (PMO) has engaged in multiple negotiations for the production and supply of low-sulphur fuel with National Iranian Oil Company (NIOC) as well as Iran’s Oil Ministry – but the issue has been neglected.
Iran’s Oil Minister Bijan Namdar Zanganesh was summoned to the parliament earlier this week for the oil ministry’s negligence of producing enough low-sulphur fuel oil for the country’s maritime fleet.
Zanganesh said the oil ministry need USD 10 billion of investment to modify and improve the country’s refineries, which was impossible to secure under the US sanction.
He also mentioned plans for refinery modifications to produce low-sulphur fuels are underway in Abadan Refinery but halted in at Isfahan Refinery.
Prior to 1 January, IRSOU said Iran was unable to meet IMO 2020 compliance due to low inventories of low-sulphur fuel oil. The National Iranian Oil Product Distribution Company (NIOPDC) clarified the rumour on 3 January.
Related: IRISL fleet will have IMO 2020 compliant bunkers, says NIOPDC MD
Related: Iran unable to meet IMO 2020 compliance due to low VLSFO avails
Published: 17 January, 2020
Bonded bunker sales at Zhoushan increased by 15pc from a year earlier, thanks to rising imports of iron ore and other bulk commodities as well as increased efficiencies.
Vessels travelling within the ECAs are required to use VLSFO and observe mandatory speed reductions and these have resulted in increased operational costs, it said.
IMO 2020 an opportunity for firm to fill new role as expert advisor to clients and credit provider to industry.
The RPAS unit passes through the exhaust gas plume and analyses the plume with a dual sniffer system from which the sulphur content in the fuel burnt is derived.
An initial $190 million worth of credit extended to six major firms, according to document obtained by Manifold Times.
Introduces low sulphur surcharge of $35 per freight tonne for all liner bookings commencing 1 September.
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
