The Fujairah-based oil storage facility Socar Aurora Fujairah Terminal (SAFT) has been allegedly sold to Australia private equity firm Prostar Capital, according to a Reuters report.
A check by Manifold Times on the official website of Prostar Capital showed SAFT under the investments column of the company.
SAFT is a refined petroleum products storage facility based in the Port of Fujairah in the UAE; the facility was commissioned in 2012 and comprises 352,000 cubic meters of storage across 14 tanks.
Prostar Capital, meanwhile, has a 40% stake in Fujairah Oil Terminal; the 1.2 million cubic meter capacity facility commended operations in early 2015 and is known to be among the largest independent crude oil terminals in the region.
After Singapore, Fujairah is the second largest bunkering port in the world.
Photo credit: MUC Oil & Gas
Published: 1 February, 2018
Bunkers sold at the republic totalled 3.87 million mt with significant increase in LS 380 cst sales, according to latest MPA data.
Facilities at Tyne allow for supply both by road and pipeline directly into ships at a rate up to 250cbm/hour.
Stella Lykouri has more than 10 years of experience ranging from operations to bunker sales.
The bunkering terminal is strategically located at the entrance to Northern Europe’s SECA area and deliveries will be made with two SIRE inspected barges.
Passenger ferry “Xin Ecology” measures 65 meters long, 14.5 meters wide and 4.3 meters deep; the vessel is scheduled to start operating by end of the year.
‘Woodside Energy is finalising plans for an LNG bunkering operation in the Pilbara to capture the environmental and economic benefits of using LNG,’ says its VP.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.
Digitalization can help shipping achieve its decarbonization goals but only if human factors are considered enough when introducing smarter maritime operations with ‘user-friendly’ technology.
Anand S/O Omprekas, Noruliman Bin Bakti, and Muhammad Khairul Asri Bin Mohamad Hanafiah were tasked to verify the quantity of cargo supplied to vessels by Shell Eastern Petroleum Private Limited.
