Sign up
Log in Sign up
Fri 7 Mar 2014, 15:23 GMT

Utility purchases fuel oil cargo


50,000-tonne fuel oil cargo is scheduled for delivery at the end of this month.

National electricity firm Korea Western Power Co. Ltd. (KOWEPO) has agreed to purchase a cargo of fuel oil for delivery at the end of this month, industry sources report.

The utility ordered a total of 50,000 tonnes of high sulphur 540 centistoke (cst) fuel oil via a tender process. The parcel is scheduled to be delivered to Ulsan between March 27 and March 31.

The cargo is said to have been purchased from Hanwha at a cost and freight (CFR) premium of $2.95/tonne over the over the Singapore mean price of 180 cst fuel oil.

The fuel oil ordered is expected to be required to contain a maximum of 2.5 percent sulphur.

KOWEPO is a subsidiary of Korea Electric Power Corporation (KEPCO). The company generates and supplies electricity, providing electric energy to residential, commercial, and industrial customers. It manages thermal power stations, pumped-storage power plants, and combined cycle power plants in South Korea as well as serving international markets such as Philippines, Nigeria and India.

Deal   Republic of Korea  Ulsan (KR) 
TMS Tankers logo. Lloyd’s Register delivers fleet-wide energy transition roadmap for TMS Tankers  

LR Advisory maps vessel-level compliance risk and decarbonisation pathways across the Greek owner’s tanker fleet.
Dr Prapisala Thepsithar, GCMD. GCMD shares biofuel assurance and green finance insights at Hong Kong shipping decarbonisation forum  

The Global Centre for Maritime Decarbonisation presented pilot findings on biofuels and energy efficiency financing.
Laura Maersk ethanol bunkering graphic. Maersk conducts large-scale ethanol bunkering trial on Laura Maersk in Rotterdam  

A.P. Moller – Maersk has conducted a barge-delivered ethanol bunkering operation as part of ongoing fuel trials.
Luminara vessel truck-to-ship bunkering. MOL Techno-Trade completes first LNG bunkering for international cruise ship in Hokkaido  

Truck-to-ship LNG operation at Hakodate marks first such supply to an international cruise vessel in Hokkaido.
Acta Gemini vessel. Acta Marine takes delivery of methanol dual-fuel CSOV Acta Gemini for RWE wind farm charter  

The vessel will support operations at the Sofia Offshore Wind Farm at Dogger Bank.
Yeva Wood and Kirsten Møller Jørgensen. Malik Supply expands Danish team with bunker trader and finance hire  

Danish bunker supplier Malik Supply adds two new staff across its Fredericia and Aalborg offices.
AiP award ceremony for a 10,000-teu biofuel-powered container ship. HJSC wins AiP for 10,000-teu biofuel-powered container ship design  

South Korean shipbuilder HJ Shipbuilding & Construction receives classification society approval for its biofuel vessel design at Posidonia.
Active vessel. Capital Clean Energy Carriers takes delivery of LNG carrier and dual-fuel gas carrier, secures five new charters  

Athens-based CCEC expands its fleet and pushes contracted revenue backlog to $3.1bn.
VPS logo. Fuel quality management for vessels in extended idle: Arabian Gulf, Gulf of Oman and adjacent anchorages | Rahul Choudhuri, VPS  

Managing fuel quality deterioration following the closure of the Strait of Hormuz.
Person signing a document. Agastya Green Fuels signs 250,000 t/yr e-methanol offtake deal with Sri Lanka’s SAR Group  

Indian producer and Sri Lankan maritime firm agree long-term green methanol supply partnership.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG/LBM Biofuel Biogas Biomethanol Dual-fuel E-fuel E-methane/e-NG E-methanol Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind power



 Recommended