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Having built an illustrious career in the oil and petrochemical trade, SLNG chief executive Tan Soo Koong has moved on to invest time in boosting LNG adoption in maritime and other sectors aside from power generation. He is confident the lack of gas resources would not hold back Singapore from asserting its claim as Asia’s LNG trading hub
Compliant fuel oil blends at six ports are found to contain off-specification sediments, according to one fuel-testing firm
Europe’s Green Deal and continuing trade tensions remain high on the agenda for 2020 at Hapag-Lloyd
Maersk expects the change in the average bunker price to be more than $50 per tonne in January, triggering a fee review
Crude tankers fitted with exhaust gas scrubbers appear to be benefiting from the technology in the first month of 2020 as fuel price rises add a jolt of volatility to the market
BV’s commitment to a maritime energy transition coalition is just one of the partnerships the class society has joined as it seeks to advise shipowner clients on the decisions they have to make.
The scrubber investment was a hedge against high fuel costs and was a medium-term solution for the company, which will now focus on decarbonisation efforts
Many shipowners are said to be insufficiently aware of the expanded potential for criminal prosecutions in the US in cases of non-compliance with the new low-sulphur requirements
Consumption tax was not mentioned in the announcement, but the levy should also be exempted, in line with similar tax rebate measures for oil products introduced previously
Sinopec and PetroChina earlier revealed plans to produce about 14m tonnes this year, enough to cover about 80% of China’s bonded bunker fuel market
Port control bodies vow a ‘practical and pragmatic’ approach to enforcing the sulphur cap, saying they expect compliance
Traders are bringing in compliant, lighter fuel oil blends to Singapore — the world’s top marine fuel hub
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