Shandong-based Sinopec Qilu Company on Tuesday (24 February) announced the delivery of its first batch of low-sulfur heavy marine fuel oil (LSFO) to the Longkou Bingang Liquid Chemical Terminal in Shandong.
1,724 metric tonnes (mt) of LSFO was loaded on board a special train headed to the Longkou terminal, it said.
The production of low-sulfur heavy marine fuel oil was meant to help Sinopec gain greater market share in the international marine fuel market..
Since early 2019, the company has been preparing for production by researching and developing low-sulfur heavy marine fuel formulas. The refinery has also restructured its production and storage facilities and could go into production by November.
Sinopec Qilu Company worked closely with Sinopec Fuel Oil Sales Co. Ltd. (Shandong),and PetroChina Co. Ltd. (Jinan-Huatie) to overcome issues in production and customs, in order to establish a solid foundation and smooth delivery of low-sulfur heavy marine fuel oil, it notes.
In 2019, the company said it will produce 10 million metric tonnes (mt) and 15 million mt of low-sulphur marine fuel oil (LSFO) respectively in 2020 and 2023.
Photo credit: Sinopec
Published: 26 February, 2020
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.