The Singapore Refining Company (SRC), a 50/50 joint venture between Chevron Singapore Pte. Ltd. and Singapore Petroleum Company Limited, a wholly-owned subsidiary of PetroChina International Co. Ltd., on Thursday (7 November) said it has supplied its first cargo of Very Low Sulphur Fuel Oil (VLSFO) in October 2019.
The development is in line with the refinery and wider industry’s readiness to supply 0.5% sulphur marine fuels from Singapore, one of the largest international bunkering ports, from 1 January 2020 when the International Maritime Organization (IMO) regulations come into effect.
In addition to VLSFO, SRC will have the flexibility to produce marine gas oil (MGO) with the reconfiguration of its assets.
“With the IMO regulation coming into effect in January 2020, ship owners will be looking at different options to comply with the new compliance and enforcement requirements,” said Mr William L. Stone, Chief Executive Officer of SRC.
“Our production capabilities at SRC will enable our two shareholders, Singapore Petroleum Company Limited and Chevron Singapore Pte. Ltd. to offer a variety of marine fuels for vessels with and without scrubbers.”
Photo credit: Manifold Times
Published: 7 November, 2019
The Singapore court was planning to enforce a seizure and sale of the asset to pay a USD 705,594.45 debt owned by GP Global APAC to Equatorial Marine Fuel Management Services via a judgement.
‘We intend to expand our product portfolio to include VLSFO bunker deliveries at a later stage; after investments into the MGO bunkering segment have been complete,’ Director tells Manifold Times.
Fast Energy Sdn Bhd is currently exploring collaboration with a major Malaysian bunker supply firm operating at Port Klang; the operation will be supported by CCK Petroleum upon finalisation.
Veritas Petroleum Services records numerous contaminants such as plastic, fibres, black gum, paraffins, fatty acids, and other component found in the off-spec RMK 700 marine fuel.
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All bunker vessels that have received the necessary clearance for out of port bunkering operations may do so at the stated Tompok Utara coordinates only or risk penalty, according to the MMEA.