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.
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
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.