Qatar-listed fuels marketing and distribution firm Qatar Fuel (WOQOD) posted a 9.2% rise in net profit for its 2017 financial year.
The company recorded net profit of 964 Million Riyals in 2017 compared to 883 Million Riyals in 2016.
Regarding developments in the bunkering sector, the company noted the start of a business arrangement with Qatar Petroleum in relation to “Ship to Ship” bunkering operations from bunkering facilities in Ras Laffan during 2017.
This resulted in bunker fuels sales increased by 10 times during the period, said Engineer A-Muhannadi.
Overall, sales of other fuels have increased by 6%; this included bitumen (275%), gas (12.2%) petroleum retail sales (26.1%), and non-petroleum retail sales (11%).
Moving on, he noted the company being engaged in an “ambitious plan” for increasing its stake of the market for distribution and transportation of petroleum products, gas, bitumen, bunker fuel, oils and lubricants.
“The Board has reviewed and endorsed the present and future plan and strategic priorities of the company for the period 2018-2022,” he says.
“The company has an ambitious plan for increasing its stake of the market for distribution and transportation of petroleum products, gas, bitumen, bunker fuel, oils and lubricants.”
Published: 1 March, 2018
SGMF is conducting a primary Life Cycle Analysis Study on ammonia as a marine fuel, and will launch an ‘Ammonia as a Marine Fuel – an introductory guide’ in 2022.
Inatech built ‘ShiptechLite’ for small-to mid-size shipping companies weathering Covid-19 related disruptions but lacks the tools and resources to do so efficiently.
The companies each knowingly sold, supplied, or transferred a large container vessel to Iran to be used in connection with the shipping sector of Iran, said Secretary of State.
‘Low sulphur marine fuel produced by the company was exported smoothly after the government implemented the quota system to manage the process,’ said deputy manager.
The shipping firm was charged double for repair on vessel’s bunker fuel tanks; losses could amount up to $27.8 million.
Attached table summarises North’s insight on the stands taken by ports that have or will prohibit the use of scrubbers, or have placed conditions on their use.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.
Digitalization can help shipping achieve its decarbonization goals but only if human factors are considered enough when introducing smarter maritime operations with ‘user-friendly’ technology.
Anand S/O Omprekas, Noruliman Bin Bakti, and Muhammad Khairul Asri Bin Mohamad Hanafiah were tasked to verify the quantity of cargo supplied to vessels by Shell Eastern Petroleum Private Limited.
