Utility in 60,000-tonne fuel oil deal

Thu 19 Apr 2012, 10:32 GMT

Utility in 60,000-tonne fuel oil deal

Two 30,000-tonne fuel oil cargoes are scheduled for delivery in May-June.

National electricity firm Korea Western Power Co. Ltd. (KOWEPO) has purchased two cargoes of fuel oil for delivery in May-June, Reuters reports.

The utility ordered a total of 60,000 tonnes of high sulphur fuel oil via a tender process, which closed on Wednesday, April 18.

The first 30,000-tonne parcel is scheduled to arrive at the Pyong Taek Power Plant in Gyeonggi province, located north-west of the country, on May 14-18, and a cargo of the same size is due for delivery on May 30-June 3, also at the Pyong Taek Power Plant.

The fuel oil ordered contains maximum 2.59 percent sulphur and is said to have been purchased from Samsung C&T Corp at approximately $755 per tonne on a cost-and-freight (CFR) basis.

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 Republic of Korea


		NYK achieves over 90% methane oxidation in LNG engine catalyst trial Japanese shipping company reports results from onboard test of system designed to reduce methane slip.

		Uni-Fuels seeks general manager for Houston bunker trading desk Nasdaq-listed marine fuel seller advertises for commercial leader to oversee P&L and customer relationships.

		Emvolon wins Massachusetts grant for biomethane-to-biomethanol conversion system Technology converts biomethane into biomethanol at source, with applications including sustainable aviation fuel production.

		Straits Bio-LNG reports favourable soil test results for jetty construction Preliminary soil boring tests show shallower depth than expected at Singapore-based company’s jetty site.

		Flex Commodities hires Trafigura operator for Greek bunker deliveries Evangelia Tsimpidi joins from Trafigura Maritime Ventures with experience in ARA and US markets.

		Kuehne+Nagel seeks marine energy pricing analyst in Greece Logistics firm recruiting for role focused on bunker pricing formulas and compliance cost analysis.

		LD Armateurs to present floating ammonia terminal concept at London energy conference French shipowner to showcase FRESH platform design for offshore hydrogen and ammonia supply chains.

		Anemoi rotor sails complete eight years of operation on bulk carrier M/V Afros Lloyd’s Register survey finds no operational issues with wind propulsion system after extended service.

		Bunker Holding promotes Mikkel Kannegaard to chief operating officer Kannegaard has led transformation of supply organisation since joining in August 2025.

		Uni-Fuels seeks general manager for London bunker trading desk Nasdaq-listed marine fuel seller recruits for commercial leadership role with P&L responsibility.