The Sri Lankan Cabinet has greenlit the proposal for national oil and gas company Ceylon Petroleum Corporation to restart its participation in the local bunker business, reports government owned newspaper Daily News.
CPC exited the business in 2004 when bunkering was outsourced to CPC affiliated company Lanka Maritime Services Limited.
Allegedly, the proposal was presented by the Sri Lankan Energy Minister and highlighted CPC’s capacity to import bunker fuel at a quantity that would allow for favourable prices.
It is hoped that CPC would then be able to supply marine fuel to local bunker suppliers at competitive prices and this would increase the number of vessels sailing through Sri Lanka.
Photo credit: Ceylon Petroleum Corporation
Published: 5 February, 2021
Between November 2016 and October 2017, Mr Tan falsified at least 20 invoices and submitted these invoices to UOB and OCBC, according to court documents obtained by bunkering publication Manifold Times.
‘CSM Taurus arrived in Singapore during mid-September and is currently undergoing final preparations before starting commercial operations,’ General Manager of CSM tells Manifold Times.
Criminal syndicate’s tampering with MFMs on bunker tankers Southernpec 6 and Southernpec 7 conceptualised by three masterminds and carried out by cargo officers on board, according to joint statement.
Seeks information connected to SGS COQs of Gas Oil and Marine Diesel Oil cargoes loaded on board Vinalines Glory from the Vopak Banyan Terminal in Singapore between January and February 2013.
Additional topics of bunker contamination and OCM services discussed at VPS’ Fuel Management Challenges – The Year of 2021 & Beyond webinar on 23 September; Manifold Times summarises the session.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.