Bunker Supplier Peninsula Targets 15 Million MT of Bunker Sales in 2021
by Ship & Bunker News Team
Thursday June 10, 2021 Global bunker supplier
15 million mt of marine fuels this year. The company is on trend for 15 million mt/year of sales in
2021, a representative told The firm has yet to report on its sales or profits for
2020. But sales at 15 million mt/year would be above anything seen in the sales volume data the company has previously published for
2007-2019; sales came close to that level in
2018 before declining slightly the following year. Peninsula has relocated its global head of supply and trading,
Kitack Lim Warns Global GHG Approach Could Be Left Behind by Regional Moves
by Ship & Bunker News Team
Thursday June 10, 2021 The
International Maritime Organization s global efforts to delver greenhouse gas emissions cuts from shipping could be overtaken by measures taken by regions and individual countries if progress is not made at a key meeting this week, according to Secretary General
Kitack Lim. The IMO s
Marine Environment Protection Committee is meeting virtually this week, discussing GHG emissions regulations among other issues. Failure is not an option, as if we fail in our quest, it is not unreasonable to conclude that we run the risk of having unilateral or multilateral initiatives, Lim said at the start of the meeting on Thursday.
Singapore: Residual Fuel oil Stocks hit Five-week High
by Ship & Bunker News Team
Thursday June 10, 2021
Singapore residual fuel oil inventories climbed 5% in the week to June 9, extending sharp gains from the previous week as export volumes plunged, Reuters reports citing
Enterprise Singapore data released on Thursday. Onshore fuel oil stocks rose by 1.32 million barrels, or about
209,000 metric tonnes (mt), to a five-week high of 26.92 million barrels, or 4.24 mt, the data showed. The fuel oil stock was near a more than four-year high of 27.23 million barrels recorded at the start of May, the report said. With Singapore fuel oil exports at a four-week low of
X-Press Pearl: Bunker Spill Fears Recede
by Ship & Bunker News Team
Thursday June 10, 2021 Fears of a bunker fuel spilll from the stricken box ship
X-Press Pearl which is stranded off the Sri Lankan coastline have subsided. The ship s operator, X-Press Feeders, reported no signs of a spill (as of Wednesday evening), according to local news provider The Colombo Gazette. Pubished news reports using satellite pictures implied there was a spill. But the company has confirmed no signs of debris and no confirmed reports of fuel oil pollution as of 6pm local time. The patch visible in the images is likely to be from debris of oil from containers destroyed in an onboard fire, the report said.