VLSFO – FACT VS FICTION
IMO 2020 compliant fuels have been in use for over a year, largely without incident. So why the continued vilification? IBIA’s Unni Einemo lays out the facts
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The International Bunker Industry Association (IBIA)
was formed in 1992 to provide an international forum
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Industry News
GP Global unit seeks debt moratorium in Singapore
The Singapore-based subsidiary of troubled trader and supplier GP Global,
GP Global APAC Pte Ltd, has applied to the Singapore High Court for a six-month debt moratorium. GP Global, owned by the India-based Goel family is reportedly attempting to restructure $1 billion dollars of debt.
Straits Inter Logistics expands with additional vessel for HSFO
A subsidiary of Malaysia-based Straits Inter Logistics (SIL),
Sierra Pioneer Marine, has bought
an additional bunker tanker,
the Guo Kang No 1, from
Singapore-based Ocean World
Inc for US$1.6 million.
MIXED FORTUNES IN 2020
Singapore and Rotterdam see growth but bunker volumes dip sharply in Panama
Singapore has reported a “resilient” 2020 maritime performance despite Covid-19, with sales amounting to 49.8 million tonnes, an increase of 5.0% year-on-year. This keeps the south-east Asian hub solidly in the number one spot globally.
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On behalf of :
IBIA Ltd
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New Broad Street House
35 New Broad Street
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EC2M 1NH
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Emails
Publisher & Designer: Constructive Media - ibia@constructivemedia.co.uk
Editor: David Hughes - anderimar.news@googlemail.com
Deputy Editor: Unni Einemo - unni@ibia.net
Project Manager: Alex Corboude - alex@worldbunkering.net
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