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
Estimated total value of MFO which was erroneously recorded as having been delivered to the receiving vessels across the 14 proceeded CMA charges is US$121,585.60, states court document.
On 5th June 2021, VPS carried out a Remaining On Board (R.O.B.) survey on board a Singapore-registered bunker tanker at short notice by the Charterer and quickly identified the theft of 98 metric tons of bunker fuel.
No quarantine required if vessels have not called at Brazil, India, Nepal, Pakistan, the Philippines and South Africa during the 21 days prior to arrival at Hong Kong port, according to Marine Department notice.
CCIC discuss the progression of MFM technology for bunkering at Singapore port with Manifold Times; and possible development of a primary facility for MFM calibration.
‘The acquisition of PGI Industries will enhance VPS’ preventative maintenance services offered to the power sector, increasing protection and sustainability of the asset,’ says Malcolm Cooper, CEO, VPS.
A foreign vessel was involved in an alleged unauthorised STS incident with bunker tanker Pearl Melody on 5 June, Director and General Manager of Consort Bunkers tells Manifold Times.