Sign up
Log in Sign up
Fri 29 Jan 2010, 10:13 GMT

Refiner sells three 80,000-tonne lots of 380-cst


380-centistoke parcels are scheduled for delivery between March and May 2010.

Mangalore Refinery and Petrochemicals Ltd. (MRPL) has sold three 80,000-tonne parcels of 380-centistoke (cst) fuel oil for loading between March and May 2010, Reuters reports.

The Indian refiner is reported to have sold the fuel oil cargoes to energy trading company Vitol at a discount of approximately $2.30 per tonne to Singapore spot quotes, on a free on board (FOB) basis.

The 80,000-tonne lots are scheduled for loading from the south-west port of New Mangalore in the state of Karanataka. MRPL previously sold a 380-cst spot cargo for February 2-4 lifting to Russian oil trading and logistics firm Gunvor at a narrower discount of $1.50-$2.00 per tonne to Singapore spot quotes, FOB.

MRPL is located at Katipalla, north of Mangalore city. It is a state-of-the-art grassroots refinery with a production capacity of 190,000 barrels per day (bpd).

The company is a subsidiary of Indian petroleum firm Oil and Natural Gas Corporation Ltd. (ONGC). Before it was acqured by ONGC in March 2003, MRPL was a joint venture between M/s Hindustan Petroleum Corporation Limited (HPCL) and M/s IRIL & Associates.

BP   Vitol   India  New Mangalore (IN) 
Andrés Galnares and Gorka Hermoso, H2SITE. H2SITE closes Series B round above €42m to scale hydrogen membrane technology  

Fresh capital secured as firm targets large-scale industrial deployment and expansion into Asian markets.
Mitsubishi Heavy Industries (MHI) logo. MHI study points to cost reduction potential in India-to-Singapore green ammonia value chain  

Mitsubishi Heavy Industries analysis finds value chain optimisation could cut green ammonia costs.
YM Wayfinder naming ceremony. Yang Ming names third LNG dual-fuel boxship for Asia–North Europe service  

YM Wayfinder joins two sister vessels already operating on LNG on the FE3 route.
Milind Homkar, Flex Commodities. Flex Commodities appoints Milind Homkar as trade controller  

Dubai-based trader brings in finance and audit specialist to lead trade control function.
Launching ceremony of Kypros Island vessel. Safe Bulkers launches first methanol dual-fuel bulk carrier at Chinese shipyard  

Greek dry bulk operator launches first methanol-powered vessel as part of its fleet renewal programme.
MAmmoSS graphic. Mitsubishi Shipbuilding receives order for ammonia fuel handling system  

MAmmoSS system will support shop testing of ammonia marine engines from two licensors.
Neoliner Origin vessel. Kongsberg Maritime to lead EU Horizon project targeting wind-assisted propulsion at scale  

A 15-partner European consortium will use two full-scale vessel demonstrators to validate wind propulsion technology.
Petrobras logo. Petrobras warns of extended MGO and VLSFO supply suspension at Port of Itaqui  

Fuel distributor announces pipeline maintenance shutdowns affecting both MGO and VLSFO supply.
Richard Berkling, PowerCell Group. PowerCell secures SEK 50m marine fuel cell order for two liquid hydrogen cargo ships  

Swedish fuel cell maker wins contract to power two North Sea hydrogen vessels by 2028.
Wärtsilä hydrogen engine. MatH2 consortium launched to tackle hydrogen materials barriers  

New Finnish-led alliance targets materials compatibility challenges holding back hydrogen adoption.




   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