The South Korea government Monday says it will change 38 laws and regulations to help new sectors take off.
President Moon Jae-in realised “rigid government regulations” were barring emerging sectors from reaching their full potential, according to Yonhap News Agency.
The new measures will allow new products and technologies to enter the market first before considering whether or not regulations are necessary.
The government is also considering introducing a "regulatory sandbox" for new entries to conduct business without regulations for a specific period of time before adding regulations.
The above activity includes bunkering operations of liquefied natural gas (LNG) and other types of alternative marine fuels, state government officials.
Changes to the new regulations are scheduled to be completed by March this year.
Published: 23 January, 2018
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.