Hambantota International Port Group (HIPG), a joint venture company between the Sri Lankan Government and China Merchant Port Holdings (CMPH), intends to revisit and develop the bunkering sector at Hambantota.
The development comes after CMPH paid a final $584 million to the Sri Lanka Ports Authority (SLPA) on Thursday as a final tranche of the Public-Private Partnership (PPP) investment for Hambantota Port.
The Chief Operating Officer at HIPG notes the joint venture will be first focusing on establishing maritime businesses at the port.
“Starting from ship-handling services and bunkering; although those services are being provided right now, we need to develop them,” Tissa Wickramasinghe told reporters at a press conference, as quoted by Daily FT.
“Right now our marketing team is travelling globally trying to bring this business in.”
HIPG, meanwhile, has already received 15 proposals to set up facilities within the port, says Sri Lanka Ports Minister Mahinda Samarasinghe.
“HIPG and HIPS (Hambantota International Port Services) expect to set up port-related industries within the Hambantota Port similar to the Colombo Port,” he notes.
“HIPG has received investment proposals from local and international investors.”
Dr. Parakrama Dissanayake, the Chairman of SLPA and HIPS, notes the bunker tanks at the port have also been “cleaned out”.
CMPH intends to invest a further $300 to $600 million in the Hambantota Port to boost infrastructure development.
Published: 22 June, 2018
Sinopec’s 2021 China's Energy and Chemical Industry Development Report forecasts fuel oil demand to increase from 43 million mt tons to 49.5 million mt tons in 2025.
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Compared to a conventional oil-fuelled tanker, the new LNG-fuelled design reduces CO2 emissions by at least 20% offering increased autonomy without reducing the cargo volume.
High pour point fuels for VLSFO can result in an increased demand on the heating requirements for the fuel in the storage tanks, it explains.
The Standing NATO Maritime Group Two visited Poti port in Georgia between May 14 to 17.
The Singapore-based company is fully operational with staff and a new office at Hong Kong, learns Manifold Times.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.
