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Latest From Bunkers
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
Maersk expects the change in the average bunker price to be more than $50 per tonne in January, triggering a fee review
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
Inchcape claims that its newly available service offerings will result in cost savings and standardised reporting for customers of the products
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
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