Utility buys 72,000 mt fuel oil cargo

Tue 6 Jul 2010, 07:23 GMT

Utility buys 72,000 mt fuel oil cargo

Asian utility purchases fuel oil cargo for delivery in August.

Korea East-West Power Co. Ltd. (EWP) has purchased 72,000 tonnes of medium-sulphur fuel oil for delivery in August, news agency Reuters reports.

The South Korean generation company, owned by the government-run Korea Electric Power Corporation, is reported to have bought the cargo of 2.5 percent maximum sulphur fuel oil for delivery at the port of Ulsan between August 1-6.

The fuel oil parcel is understood to have been purchased from Swiss-based commodity trader Glencore at a premium of $5 per tonne over Singapore spot quotes on a cost-and-freight (CFR) basis.

EWP issued the tender towwards the end of last month. The closing date of the tender was 05:00 GMT on July 5th.

Deal Republic of Korea Ulsan (KR)


		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.