The crash in demand for air travel and jet fuel due to the Covid-19 pandemic has caused the industry to use the product as a blending component in the production of low sulphur bunker fuel, reports Bloomberg.
Allegedly, jet fuel was used to blend bunker fuel in Singapore through April and May when prices were close to $20 per barrel from $70 per barrel in January and the demand for air travel is not expected to recover until 2024.
A specialist for fuels at Lloyd’s Register has purportedly cautioned that while jet fuel can indeed be used in a marine fuel blend, it can have a far lower flash point which can be a safety hazard for vessels.
Photo credit: Ellen Jenni on Unsplash
Published: 20 September, 2020
Excluding inventory effects, Shell made a loss of $4.48bn in the October-December period, compared with a profit of $871mn a year earlier, reports Argus Media.
Hayleys Advantis subsidiary received its first cargo parcel of VLSFO in Colombo from the UAE on 9 December.
All creditors of Seashore Resources are advised to file their Proof of Debt with the Liquidators who will be administering all affairs of the company.
Creditors’ meeting has been scheduled to be held electronically on 1 February at 10.30 am and Foo Kon Tan LLP has been appointed the company’s liquidator.
‘I am humbled and grateful for the support and trust that SSA members and the Council have in me,’ says President of SSA, Ms Yang, on her successful re-election.
The industry doesn’t want to decarbonise just to be compliant. We recognise the biggest threat is climate change [...] and we want to be proactive, said Director.
‘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.
