Singapore-based NYK Bulkship (Asia) Pte. Ltd., a subsidiary of NYK Group, has signed a long-term time charter contract with Waterfront Shipping Company Limited (WFS) for a new built methanol carrier, it says.
The new ship will be equipped with an engine that allows the vessel to be powered by methanol, fuel oil, marine diesel oil or gas oil — this is the first NYK ship to make use of such technology.
After completion from the Hyundai Mipo Dockyard in 2019, the vessel will be delivered to WFS, a wholly owned subsidiary of Methanex Corporation, the world’s largest producer and supplier of methanol.
The use of methanol as a marine fuel reduces sulphur oxide (SOx) emissions by approximately 99%. The product is able to meet the International Maritime Organization (IMO) new regulations requiring a global 0.5% cap on sulphur content in marine fuels starting in 2020.
WFS ordered a total of four methanol-fuelled newbuildings from the Hyundai Mipo Dockyard at Korea on Thursday.
Photo credit: NYK Group
Published: 19 February 2018
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.