Commodities trading house Vitol has acquired Singapore’s bunkering firm Sinanju Tankers Holdings, allowing Vitol to carry out bunker deliveries in Singapore, the world’s largest bunkering port.
PSA Corp, Jurong Port and Singapore LNG (SLNG), have joined two other Singapore companies and two Japanese players in an agreement to develop ways of using hydrogen as a low carbon future fuel.
Stena Bulk will conduct a test running an MR tanker on 100% biofuel produced from used cooking oil and supplied by GoodFuels in Rotterdam, the Netherlands.
Law firm Campbell Johnson Clark (CJC) is beefing up its team in Singapore with new appointments.
China’s state-owned oil firm Sinopec has confirmed that its Guangzhou refinery has started producing very low sulphur fuel oil (VLSFO) for the shipping market.
Despite the impact of the coronavirus (COVID-19) on the key Chinese container shipping market the Southeast Asian hub port of Singapore reported a 5.8% jump in volumes in February.
A global collapse of marine fuel prices has significantly narrowed the price gap between very low sulphur fuel oil (VLSFO) and high sulphur fuel oil (HSFO), putting into question the economics of scrubbers.
