Singapore-based oil products distributor Vitol Asia is looking into forming a joint venture with two Zhejiang-based port groups in China to promote bonded bunkering operations at a Zhejiang free trade zone, reports the Straits Times.
The oil company is part of efforts by Enterprise Singapore and the Zhejiang Department of Commerce to support business collaborations on five industries at the Singapore-Zhejiang Economic and Trade Council Roundtable on Monday.
The five sectors are namely oil trade and maritime services; technology and innovation; culture, tourism and youth; financial connectivity, legal and professional services; and sustainable urban management.
“As markets which embrace open and mutually beneficial economic and trade collaborations, Singapore and Zhejiang should accelerate such bilateral cooperation to demonstrate our support for open trade,” said Sim Ann, Senior Minister of State for Communications and Information and Culture, Community and Youth.
The roundtable builds upon an April Singapore-Zhejiang Economic and Trade Council meeting which saw Consort Bunkers and Glencore Singapore entering formal intentions with Zhoushan-based companies to collaborate in maritime logistics, bunker supply and wholesale petroleum trading for a free trade port.
Related: Consort Bunkers and Glencore Singapore in MOUs with Zhoushan firms
Published: 23 August, 2018
Problems listed very much mirrored requests from ship owners, managers and operators seeking assistance to handle the situation using Aderco’s products.
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.
Development due to low spot availability of HSFO and 0.5% sulphur LSFO products; no issues with MGO avails.
Winds around Singapore are expected to strengthen during Monsoon while sea conditions are expected to be choppy with moderate to heavy rain, says MPA.
Meeting is scheduled to take place via video conferencing (Zoom platform) on 17 February 2023 at 4pm, according to company’s liquidator in recent Government Gazette notice.
To market MGO biodiesel blend specifically developed for shipping clients in the United Arab Emirates (UAE), Bahrain, Oman, Qatar and India.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
