Ocean Tankers, the subsidiary of Singapore-based oil trading firm Hin Leong Group, has ordered six handy-sized tankers from Fujian Mawei Shipbuilding at an undisclosed sum.
The 23,500 deadweight tonne (dwt) tankers will be able to carry a variety of dirty and clean oil products, a company spokeswoman told Reuters.
The vessels will be delivered by the end of 2020, and includes option for an additional four.
In total, Ocean Tankers has placed orders for 28 tankers with option for 12 more ships.
“These vessels have been ordered for fleet renewal purposes, as well as what we see to be an opportunity to trade more of these types of ships,” she said.
To date, Ocean Tankers owns 136 vessels, including 15 VLCCs, with a total capacity of more than 7.7 million dwt.
Ocean Bunkering Services, the sister firm of Ocean Tankers, is adding a total of five bunkering vessels to its Singapore fleet; one ship will be supplying marine gas oil (MGO) while the remaining will be delivering fuel oil.
Publication date: 22 January, 2018
Some banks have already stopped or scaled back issuing letters of credit to smaller trading firms and are requiring cargoes to be pre-sold before issuing financing, it said.
Shipowners are recommended to liaise closely with fuel oil suppliers to confirm fuel name and grade follow ISO 8217 guidelines when mentioned in Bunker Delivery Notes.
As part of the WingSail project, the system is designed to be aerodynamic, user friendly, and low maintenance.
P&I club outlines clarifications on SPRO Agreement and oil booming requirements through China MSA document.
USD 1.15 million, or 1.8 million litres, of diesel cargo disappeared from the oil tanker while on the way from Singapore to Dili, East Timor on 5 October.
Study shows electrifying coastal ferries on the Pearl River could eliminate more than 30% of fossil fuel used by the Chinese coastal ferry fleet in February 2019.
“In TotalEnergies, we already have projects along the e-Fuel value chain, from green electricity and green / blue hydrogen to e-Fuel production that will be integrated along the marine fuels value chain in time to come,” shares Louise Tricoire.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
