Indian firm sells 380-cst cargo

Fri 8 Jul 2011, 10:10 GMT

Indian firm sells 380-cst cargo

Fuel oil parcel is scheduled for loading in July.

PetroChina has purchased a 30,000-tonne parcel of fuel oil from India, industry sources report.

The Chinese fuel oil player bought the cargo of 380-centistoke (cst) fuel oil from Hindustan Petroleum Corp Ltd. (HPCL) at a discount of $15.00-$16.00 a tonne to Singapore spot quotes on a free-on-board (FOB) basis. The fuel oil lot is scheduled for loading on July 20-22 from HPCL's Vizag (or Visakhapatnam) terminal, located on the east coast.

HPCL is reported to have also sold a similar-sized cargo for the same loading dates to oil major Shell. The parcel is due to be lifted from the western port of Mumbai and was sold at a discount of $19.00-$20.00 a tonne to Singapore spot quotes, FOB.

India Mumbai (IN) Visakhapatnam (IN)


		Shipping firms struggle to prioritise decarbonisation investments amid regulatory uncertainty, Wärtsilä survey finds Survey of 225 maritime executives reveals 70% say uncertainty hinders investment decisions despite regulatory pressure.

		Longitude Engineering unveils IMT Isca G-Flex PSV design with alternative fuel capability Naval architecture firm launches adaptable platform support vessel design based on the IMT-984 G-Class hull.

		Shore power infrastructure is key to cutting ferry emissions in European cities, says EmissionLink Port electrification is needed to enable vessels to switch off engines at berth, reducing urban pollution.

		Singapore prioritises maritime resilience amid geopolitical uncertainty, eyes digitalisation and green fuels MPA chief outlines the sector’s adaptation to supply chain disruptions while advancing automation and alternative fuels.

		China exports first domestically blended biofuel for marine use from Zhoushan A vessel carries 2,600 tonnes of biofuel blend to Qingdao Port for international ship refuelling.

		H2SITE to present ammonia-cracking technology at Green Ammonia Energy Workshop Spanish company to showcase APOLO project's role in producing hydrogen for maritime decarbonisation.

		Tsuneishi-Cebu delivers methanol dual-fuel Kamsarmax bulker Philippine shipyard hands over 81,100-tonne deadweight vessel capable of running on methanol fuel.

		Port of Rotterdam secures EUR90m EIB loan for shore power installations Financing will support shore power infrastructure at three container terminals, with an EU grant also approved.

		IBIA updates biofuels training module for 2026 Updated online course covers latest regulatory developments and market trends in liquid and gaseous biofuels.

		Bureau Veritas to class all-electric trimarans for Brim Explorer Two zero-emission passenger vessels will operate in Norwegian fjords after extensive Arctic testing.