The Board of Directors at Oman Oil Marketing Company (OOMCO) on Monday (13 May) formally approved the construction of an in-port bunker terminal of 30,000 cubic meters of tankage capacity, together with required ancillary equipment and facilities, at the Port of Duqm.
“This bunker terminal will supply marine fuels to required grade to ships in and around the port,” they said in a statement.
“As such our bunker terminal will serve to enhance the portfolio of services available to attract ships to Duqm and thus contribute to port growth and business development.”
OOMCO in December signed an agreement with Shell Oman Marketing Company to develop fuel bunkering facilities and services at the Duqm bunker terminal.
The company has selected WorleyParsons Engineering Oman as project management consultants the Duqm Bunker Terminal development which is scheduled for commissioning by early 2021.
Related: Shell to develop fuel bunkering facilities and services at Duqm
Related: Duqm Bunker Terminal eyes 2021 commission
Photo credit: Port of Duqm
Published: 16 May, 2019
‘We will continue to contribute actively towards the IMO’s goals,’ says Singapore Minister Khaw Boon Wan.
Bunker fuel prices in Singapore weakened in mid-June and some users chose to refuel at Singaporean ports, which negatively impacted China’s bunker sales, reports JLC.
The first of two vessels, with an option of two more, will be equipped with two Type C LNG bunker fuel tanks and are designed to meet Finnish-Swedish ice class 1A Super standards.
‘Maritime has the opportunity to tackle sustainability by embracing data and developing a hub for maritime intelligence,’ says Maritime Business Development Manager.
Three tankers have already been renamed and remaining fleet will follow suit after scheduled dry dockings.
Mainly serving navy vessels and cruise ships, the license is the first-of-its-kind to get awarded at the port.
‘Our main focus of OTT is to increase transparency towards our clients as well as minimise the time customers spend on getting bunker delivery status updates,’ Executive Director tells Manifold Times.
‘Generally, you have to heat VLSFOs to prevent waxing, but the more you heat them the lower the shelf life is going to be,’ Dr Malcolm Cooper, the Group Managing Director of VPS, tells Manifold Times.
Current low prices for road and aviation fuels in September could mean another increase of flashpoint off-spec cases for MGO when players start introducing the products back into the bunker stream.
Some bunker suppliers at various ports have even achieved their sales target for the year; the trend doesn't seem to be slowing down and suppliers are expecting a boom during end of September.
The company has entered a memorandum of agreement with Millenium Satu Ltd to acquire the 7,550 dwt oil tanker to increase service flexibility; vessel will be paid over an installment period of 36 months.
Deloitte & Touche JMs believe IPP has a viable claim against Dr Goh Jin Hian for breaches of his director’s duties to act with skill, care and diligence which he owned to IPP, states court document.
