Utility purchases fuel oil cargo

Thu 11 Apr 2013, 14:02 GMT

Utility purchases fuel oil cargo

30,000-tonne fuel oil cargo is scheduled for delivery at the end of this month.

National electricity firm Korea Western Power Co. Ltd. (KOWEPO) has purchased a cargo of fuel oil for delivery at the end of this month, Reuters reports.

The utility ordered a total of 30,000 tonnes of high sulphur fuel oil via a tender process, which closed on Thursday, April 11.

The parcel is scheduled to arrive at the Pyeongtaek Power Plant in Gyeonggi province, located north-west of the country, between April 26 and April 30.

The cargo is said to have been purchased from energy trading firm Vitol at around $650 per tonne on a cost and freight (CFR) basis,

As with previous orders placed by KOWEPO, the fuel oil ordered will be required to contain a maximum of 2.59 percent sulphur.

KOWEPO is a subsidiary of Korea Electric Power Corporation (KEPCO). It operates five power plants and has an additional power plant under construction. The company serves domestic consumers as well as international markets such as Philippines, Nigeria and India.

Deal Vitol Republic of Korea Pyeongtaek (KR)


		NE Atlantic ECA will cause significant change to the current fuel mix \| Steve Bee, VPS The possibility of off-spec issues highlights the continuing need for proactive fuel testing to protect vessels.

		Smart ships failing to convert data into actionable intelligence, warns SmartSea Maritime technology firm claims vessels collect vast amounts of data but lack integration to support decision-making.

		DNV forecasts 100-fold growth in clean hydrogen by 2060, with China leading expansion Classification society projects $3.2tn investment in hydrogen sector, with maritime accounting for 15% of clean hydrogen use.

		Dual-fuel container ship and vehicle carrier fleet surpasses 1,200 vessels World Shipping Council reports 65% year-on-year increase in operational dual-fuel vessels to 440 ships.

		European Shipowners calls for ETS revenue investment and fuel supplier mandate ECSA urges the EU to invest €9bn in annual ETS revenues in fuel production and infrastructure.

		Singapore bunker industry urged to prioritise resilience and collaboration SSA committee vice chair highlights energy security and crisis readiness at Marine Fuels Forum 2026.

		TFG Marine receives bunker safety award from Singapore maritime authority Marine fuel supplier recognised for safety standards and operational performance at MPA Marine Fuel Forum.

		Bunker surveyor sought in Rotterdam to meet increased demand Dutch firm MCE Marine Surveyors is recruiting for a quantitative fuel inspection role.

		GCMD highlights BHP biofuel trials to address scaling challenges in maritime decarbonisation Mining company discusses need for traceability and coordinated progress across supply, cost and operational readiness.

		Peninsula implements energy efficiency measures across bunker supply fleet Marine fuel supplier focusing on data-driven upgrades and operational measures to cut consumption.