New York-listed energy transportation firm Overseas Shipholding Group (OSG) has signed binding contracts with Hyundai Mipo Dockyard Company (HMD) for the construction of two 50,000 deadweight tonne class product chemical tankers.
The vessels, anticipated delivery to the Company during the second half of 2019, will be constructed at HMD’s Ulsan, Korea ship building facilities and will be built to comply with MARPOL Annex VI Regulation 13 Tier III standards regarding nitrogen oxide emissions within Emission Control Areas.
In addition, each vessel will have installed exhaust gas cleaning systems, often referred to as scrubbers, to meet the standards of MARPOL Annex VI Regulation 14 standards regarding sulphur oxide emissions.
The company anticipates that these vessels, following delivery, will participate as US flagged vessels in trades served by existing Company vessels.
“OSG is committed to maintaining a leading presence in the US Flag petroleum transportation sector,” said Sam Norton, OSG’s President and CEO.
“Our initiative to pursue construction of modern, efficient and environmentally responsible vessels sends a strong signal to our customers, our stockholders and our employees that we are confident in achieving our commitment and that we have the resources and unique skill sets to enable us to do so.
“We look forward to the contribution that these vessels will make to our long-term success once delivered.”
Published: 23 July, 2018
Bunker trading firm has been recognised as among top 50 privately-held companies who have contributed to the economic development in Singapore and abroad.
Specifically, the potential use of Ammonia will be investigated from source to ship with all related safety, operational and sustainability considerations.
Monjasa continues steady and efficient supply of more than 10 million tonnes of marine fuels across West Africa between 2010-2020 with latest floating storage.
Service area of the LNG bunkering ship will comprise the part of the Baltic Sea centred around the Gulf of Finland, vessel can bunker tankers, cargo ships and more.
Total bunker sales at Panama was 418,415 metric tonnes (mt) in February, compared to sales of 442,886 mt during the similar period in 2020.
Copies of the notice of the meeting on 12 January 2023 have been circulated to the contributories of the Company by post and/ or email, according to recent Government Gazette notice.
‘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.
