Disclaimer: An online translation service was used in the production of the current editorial piece.
Sinopec Shengli Oilfield Co on Thursday (10 September) said it has established a long-term partnership with Sinopec Qingdao Petrochemical to guarantee the supply of raw materials to Qingdao Petrochemical to blend low-sulphur bunker fuel.
Shengli Oilfield said it has overcome the covid-19 epidemic prevention and control with safety procedures, and has been supplying low-sulfur crude oil to Qingdao Petrochemical since March, 2020.
In order to further improve the supply capacity of low-sulphur heavy crude oil, Shengli Oilfield said it has made major adjustments to the crude oil storage and transportation system to ensure that the low-sulphur crude oil can be transported directly to the Dongying crude oil depot.
Shengli Oilfield added that it is looking to establish a long-term partnership with Qingdao Petrochemical, and jointly contribute to Sinopec’s vision of being an industry leader for clean fuels.
Photo credit: Keith Mulcahy
Published: 15 September, 2020
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.
Mok’s offence affected public confidence in the use of the MFM system onboard Singapore bunker tankers, and caused an embarrassment to the MPA, said Deputy Public Prosecutors.