Indian oil firm sells 380cst cargo

Thu 22 May 2008, 10:11 GMT

Indian oil firm sells 380cst cargo

90,000 metric tonne cargo of 380cst fuel oil is sold to winning bidder.

Indian refiner and marketer Hindustan Petroleum Corporation Ltd.(HPCL) is reported to have sold a cargo of 90,000 metric tonnes of 380-centistoke fuel oil Reuters reports.

The sale comes after the company recently issued a tender for the cargo of 4.0 percent sulphur and 0.998 density 380-centistoke fuel oil for loading between the months of June and August 2008. The tender closed to bidders on Monday 19th May after HPCL is understood to have received a number of offers from interested buyers.

The cargo will be lifted each month from HPCL's Vizag (or Visakhapatnam) terminal in the Indian state of Andhra Pradesh, located on the east coast of India.

The details of the winning bidder and the deal price have not yet been revealed.

India


		Wallenius Wilhelmsen takes delivery of first methanol-ready Shaper Class vessel The dual-fuel Arctic Tern will enter service on the Asia–Europe trade almost immediately.

		Hapag-Lloyd signs shore power agreement with Hamburg Port Authority Deal commits the carrier to using onshore power supply at all Hamburg terminals.

		KPI OceanConnect reports 21% rise in pre-tax earnings for 2025/26 Marine fuel firm delivers 13 million tonnes and expands carbon markets capabilities amid geopolitical turbulence.

		VTTI Dalian completes first large-scale 'green methanol' vessel loading Cargo to be supplied as marine fuel in Shanghai.

		Oilmar appoints Steff Tan as marine fuels trader in Singapore New hire's background spans bunker operations, logistics, commercial trading, marketing, and business development.

		Cosco Shipping adds methanol-ready bulk carrier Feng Da Hai to fleet The 64,000-tonne vessel is equipped with a methanol fuel system for future low-carbon operations.

		Oilmar welcomes summer intern to Dubai branch Arpit Aryan will rotate across the bunker fuel trading, finance and operations departments.

		Oilmar takes on trading and finance intern in Dubai New intern to rotate across trading, operations and finance teams.

		Seaspan and Maersk deepen fleet efficiency collaboration with $75m upgrade programme Retrofit package for four 13,000-teu vessels includes installation of shaft generator to reduce auxiliary engine fuel consumption.

		EU Parliament vote on soy biofuels could expose bloc to $5.6bn a year in trade sanctions MEPs reject regulation that would have phased out soy biofuels, risking WTO retaliation penalties.