Independent tank storage company Royal Vopak Tuesday reaffirmed its commitment to Singapore’s bunkering industry at an event marking its 35th anniversary of operations in the republic.
“No journey is always plain sailing. Neither was ours. Our industry has met different challenges over the years. Vopak managed to stay agile and overcome all hurdles, continuing to invest to further improve on our infrastructure and service to our customers,” said Eelco Hoekstra, Chairman of the Executive Board and CEO, Royal Vopak.
“The new IMO-2020 requirements, putting a 0.5 % sulphur cap on bunker fuels, is a good example. While market parties are yet deciding on how to meet the requirements, we have started to make adjustment in order to be ready for this transition and facilitate more sustainable product flows.
“That is why we are investing in the expansion of our Sebarok terminal, with new capacity to cater towards the storage and handling of marine gasoil. We are also upgrading the terminal to allow for more efficient blending and better control over blending specifications.
“These investments will give us the flexibility to handle multiple fuels and strengthen the position of Sebarok as the bunker hub of choice.”
Vopak has invested in a number of initiatives in recent years to strengthen the company’s long term competitive position at Singapore.
It is planning to expand the capacity of the Sebarok terminal with 67,000 cbm of storage to cater for handling of marine gasoil.
In line with Maritime and Port Authority of Singapore (MPA)’s directive to improve port efficiency, Vopak in October 2017 introduced a concurrent bunkering service at its Sebarok terminal to allow vessels calling at the facility to receive bunkers from bunker barges simultaneously while loading or discharging at the Vopak terminal.
The company also has plans to upgrade existing infrastructure and introduce automation at various terminals to boost throughput capability and, more efficiently handle and blend different types of fuels.
Photo credit: Vopak
Published: 26 September, 2018
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.
‘We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,’ company source tells Manifold Times.