The Japanese shipping alliance Ocean Network Express (ONE) has started business on 2 April, 2018 after receiving payment of investment from its stakeholders.
The joint venture between Kawasaki Kisen Kaisha (31%), Mitsui O.S.K. Lines (31%), and Nippon Yusen Kabushiki Kaisha (38%) will consist of about 230 vessels with total capacity of 1.44 million twenty-foot equivalent unit (TEUs).
“The integration lets ONE to incorporate best practices from the three companies and to take advantage of their combined 1,440,000 TEU fleet size.
“Supported by a worldwide high level, globally-connected organization, it offers 85 service loops and a comprehensive network linking more than 200 of the world’s major ports.
“The start of container shipping operations is in line with the initial schedule laid out when the company was established on July 7, 2017.
“ONE is focused on offering superior quality and the most competitive service throughout its network.
“Each service has been developed to provide clients with the highest level of satisfaction. ONE aims to transform the global container business with totally new and innovative services.”
Related: ‘K’ Line, Mitsui, NYK container shipping JV on schedule
Photo credit: Ocean Network Express
Published: 3 April, 2018
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
In total, 4.15 million metric tonnes of various bunker fuels were sold at the republic in October, more than 3.77 million mt recorded during October 2019.
Creditors of Raffles Bunkering are required on or before 16 October 2021 to send in their names and address with particulars (if any) to the Liquidator.
Availability across all grades still tight in Hong Kong; bunkering mostly resumes in Zhoushan; Fujairah VLSFO at sustained discounts.
Creditors to send it in their names and addresses, with particulars of their debts and claims, to the Liquidators on or before 26 May 2022, according to notice.
Several samples representing VLSFO deliveries in Singapore and Malaysia with flashpoint as low as 56°C from 14 August to 21 August.
‘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.
