Singapore-listed South Korean global shipping company Pan Ocean Co Ltd on Monday (12 April) said the company has entered into a time charter contract for a liquified natural gas (LNG) Bunkering Vessel with Shell NA LNG, LLC.
The contract was finalised on Friday, 9 April 2021 and the company estimates the total sales to be approximately USD 55 million.
The contract will commence from May 2023 and includes a firm duration as well as two extension options during the contract period. The total duration would be eight years depending on Shell’s decision.
Published: 13 April, 2021
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.
20 Jan 2023