Ocean Network Express, a joint venture container shipping company founded by Japanese shipping firms Kawasaki Kisen Kaisha, Mitsui O.S.K. Lines, and Nippon Yusen Kabushiki Kaisha is on schedule to start operations on 1 April, 2018.
The 2017 established company has now received all necessary merger approvals from local competition authorities in regions and countries where such approvals are required, they said in a joint statement.
“As announced on July 3, 2017, the J/V company had completed the approval process in all regions and countries except South Africa as of the end of June 2017,” according to the statement.
“Following continued negotiations with the competition authority in that country, the J/V company today obtained approval with conditions requiring measures regarding competition law compliance.
“The service commencement schedule for the new company remains unchanged, with operations slated to begin on April 1, 2018.”
Publication date: 22 January, 2018
Development follows departure of Mabanaft’s fuel oil team and Bomin Bunker Oil from Singapore in 2018.
PetroChina takes up 100% of Phase 1 252,000 m3 tank capacity; Phase 2 adds 310,000 m3 of storage.
Vertex Energy investors alleged the firm failed to disclose, ahead of its acquisition of Shell’s Mobile refinery, that it had entered into hedging contracts that capped profit margins on 50%.
Under this scale-up initiative, EcoLabs and its partners will support each firm with SGD 100,000, in-kind contribution, investments and co-funding of projects.
Initial exports of bunker fuel may be limited due to focus on developing domestic coastal bunker fuel market.
‘Contract marks our breakthrough in Asia and is a key milestone that strengthens our position internationally,” says Zinus CEO Endre Eidsvik.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
