Singapore branch of CMB pursuing claim against Sinfeng, alleging deceit and misrepresentation linked to trade financing extended to defunct bunker...
B100 drops against VLSFO in Rotterdam; B100 price rises in Singapore; LBM widens cost advantage to B100 for low-slip engines.
‘We believe that Iceland should completely ban HFO use and carriage as fuel in its territorial waters,’ states spokesman.
Generated sum of approximately US $201.6 million from sale of four vessels to repay the liabilities of the group.
Various options are available to shippers to comply and the marine fuels mix is set to change significantly.
Stakeholders are encouraged to make use of IMO-developed guidelines for upcoming 2020, advises IBIA.
Supplies 24-strong fleet consisting of bunkering vessels, VLCCs, product carriers, LPG carriers for next three years.
MAN Energy will provide the solutions in association with Aspin Kemp & Associates, in which it has a 40% stake.
‘Being the first vessel of its kind built and owned by Chinese companies, makes this an important and exciting project.’
Automated kite based on parafoil technology can tow commercial ships and reduce CO2 by 20% through wind propulsion.
Activities correspond with state programme for expanding use of LNG fuel within the transportation sector.
Exponential growth in installed LNG tank capacity points to potential boom in LNG for future larger vessels.
