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
World Bunkering is the
official magazine of IBIA
The International Bunker Industry Association (IBIA) was formed in 1992 to provide an international forum to address the concerns of all sectors of the bunker industry. Today, it provides a central point of information and training for the entire industry, including suppliers, buyers, traders and related services.
World Bunkering features news, views and comments on all aspects of the bunker industry, from technical developments to commercial management, as well as exclusive previews and reports from IBIA events.
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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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Contact one of the World Bunkering team.
Constructive Media
Constructive Media
50 George Street,
Pontypool
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Tel: 01495 740050
Email: ibia@constructivemedia.co.uk
On behalf of :
IBIA Ltd
Office 239
New Broad Street House
35 New Broad Street
London,
EC2M 1NH
United Kingdom
Tel: +44 (0) 20 3397 3850
Fax: +44 (0) 20 3397 3865
Email: ibia@ibia.net
Website: www.ibia.net
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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