Non-governmental organisation Society for Gas as a Marine Fuel (SGMF) on Saturday (4 April) welcomed five new members for the first quarter of 2020.
Joining ranks with over a hundred international SGMF members are Sinanju Tankers Holdings Pte Ltd, Corsica Linea, Gothia Tanker Alliance, MISC Berhad, and Wessels Marine GmbH, it said.
Sinanju Tankers Holdings is the owner and operator of Singapore’s first and currently only liquefied natural gas (LNG) powered dual fuel bunker tanker Marine Vicky.
Related: SGMF video explains why LNG as marine fuel can cut emissions from shipping
Related: SEA\LNG and SGMF respond to ICCT negative analysis of LNG as marine fuel
Related: Sinanju Tankers takes delivery of “Marine Vicky”, ranks amongst fastest growing local firms
Photo credit: SGMF
Published: 6 April, 2020
The bunker player at Hong Kong and Chinese ports shares with Manifold Times what local shipping sectors went through during the early days of COVID-19 and how business is resuming.
April bunker sales results released on Wednesday caught several players, who expected volume to fall due to lower international trade and COVID-19, by surprise.
‘OTPL has a strong group of employees who have the requisite expertise and experience in ship chartering and management, which has commercial value and should be kept intact.’
Company believes market and business partners ‘likely to have greater confidence and comfort in continuing business dealings’ if placed under judicial management, says Director.
Panellists covered several marine fuel related topics including bunker fuel quality testing, COVID-2019, and long term storage of VLSFOs experienced during the first 100-day period.
Latest development alleges Chua Chin Lan facing total debt of approximately USD 5 million due to personal guarantees undertaken with Innovek and Global Energy Trading.