Disclaimer: An online translation service was used in the production of the current editorial piece.
Sinopec Anqing Petrochemical on Wednesday (24 June) said it has joined the ranks of other Sinopec refineries around the country to implement a ‘100-day-plan’ for producing low-sulphur heavy marine fuel oil.
The mandate for Sinopec Anqing to implement the plan was received at the end of April 2020, and after much careful planning to execute not just the fuel blending process but also storage and transportation, the refinery said it was able to produce IMO 2020 compliant low-sulphur heavy marine fuel on 18, June.
As of Monday (22 June), 2,700 metric tonnes (mt) of low-sulphur heavy marine fuel oil was shipped out of Anqing refinery’s Pier 5.
Sinopec Anqing said the decision to produce low sulphur marine fuel was to leverage the high value of bunker fuel post IMO 2020 and to ease the pressure on its inventories.
Related: China: Sinopec Shanghai sees record output of low sulphur heavy bunker fuel in June
Related: Sinopec Changling completes production unit to blend low sulphur bunker fuel
Related: China: Sinopec Shanghai ensures LSFO availability despite production unit maintenance
Related: China: Sinopec Jinling successfully installs decompression tower on LSFO production site
Related: China: Sinopec Hainan escalates LSFO production to achieve economies of scale
Photo credit: Amber Case
Published: 25 June, 2020
Operates two 4,150mt dwt bunker supply barges at Hamburg and an 1,850 dwt bunkering barge at Bremerhaven.
Shell Argina and Shell Gadinia extended oil life and improved engine reliability while lowering lube consumption.
Issues arising out of floating storage cannot be looked at in isolation; Consideration should also be given to bills of lading, sales contracts and insurance provisions, says HFW.
‘The (decision) is basically a money collection mechanism, fundamentally disconnected from the work at IMO, and risks undermining a global GHG solution,’ said Secretary General.
‘With this license, we are now open to more opportunities, and can provide support to Petronas projects.’
‘We owe this success to the excellent partnership with our longstanding clients and key maritime stakeholders,’ says MD.
‘Generally, you have to heat VLSFOs to prevent waxing, but the more you heat them the lower the shelf life is going to be,’ Dr Malcolm Cooper, the Group Managing Director of VPS, tells Manifold Times.
Current low prices for road and aviation fuels in September could mean another increase of flashpoint off-spec cases for MGO when players start introducing the products back into the bunker stream.
Some bunker suppliers at various ports have even achieved their sales target for the year; the trend doesn't seem to be slowing down and suppliers are expecting a boom during end of September.
The company has entered a memorandum of agreement with Millenium Satu Ltd to acquire the 7,550 dwt oil tanker to increase service flexibility; vessel will be paid over an installment period of 36 months.
Deloitte & Touche JMs believe IPP has a viable claim against Dr Goh Jin Hian for breaches of his director’s duties to act with skill, care and diligence which he owned to IPP, states court document.
An earlier MPA notice outlined precautionary measures for personnel to observe when conducting marine refuelling operations at port in order to minimise the risk of contracting Covid-19.
