Sign up
Log in Sign up
Mon 20 Aug 2012 09:22

Bunkers International gets go-ahead in Trinidad and Tobago


Government agrees to issue a marketing license to subsidiary Bunkers Oil Trinidad & Tobago Ltd.

Trinidad and Tobago's Energy Minister, Kevin Ramnarine [pictured], has said that the cabinet has agreed to issue a marketing license to Bunkers Oil Trinidad & Tobago Ltd.

Commenting on the news, Ramnarine said: "This will be a subsidiary of internationally renowned Bunkers International Corporation. This company will bunker vessels working for Oldendorf which is a German company which recently established a transshipment business in T&T. It is estimated that on an annual basis at least 125 ships will be bunkered in our waters arising out of this new business and we are advised that there is potential for up to 350 ships.”

Ramnarine also said that the cabinet had agreed that any fuel being purchased by Bunkers Oil Trinidad and Tobago Ltd. would need to be purchased from state owned Petrotrin.

"Any deviation from that would have to be agreed to by the Minster of Energy. This will result in additional revenue for Petrotrin and increased marketing share in the sale of refined products for bunkering. It also means the creation of jobs. It will lead to the creation of a regional bunkering hub in Trinidad and Tobago as the presence of Oldendorf and Bunkers International will attract additional tonnage through the Gulf of Paria," he added.

Aicha Azad, Flex Commodities. Flex Commodities hires Aicha Azad as trader in Dubai  

Bunker firm appoints multilingual trader with bunker trading and cargo operations experience.
Desk calendar with the word “TAX”. 'Excess' fossil fuel profits should be taxed and given back to citizens, says T&E  

Campaign group calls for sustained taxes on excess profits or end to subsidies that keep demand high.
NYK Line’s Padma Leader vessel. Imabari Shipbuilding delivers LNG-fuelled car carrier to NYK Line  

Padma Leader expected to achieve up to 30% CO2 reduction through dual-fuel propulsion and exhaust gas recirculation.
Tallink’s MyStar vessel. Tallink targets full bio-LNG transition for Baltic shuttle vessels within a year  

Estonian ferry operator aims to replace all fossil LNG with renewable fuel on the Helsinki-Tallinn route.
Grimaldi's Grande Melbourne vessel. Grimaldi takes delivery of third ammonia-ready car carrier from Chinese shipyard  

Grande Melbourne is the third of seven vessels ordered from Shanghai Waigaoqiao Shipbuilding for Asia-Europe service.
BPCL and Cochin Port sign MoU. BPCL and Cochin Port sign MoU for LNG bunkering facilities  

Indian oil company and port authority agree to develop LNG refuelling infrastructure for vessels.
ClassNK Guidelines front cover. ClassNK publishes world-first guidelines for membrane-based onboard CO2 capture systems  

Classification society expands guidelines to cover membrane separation method for capturing ship exhaust emissions.
April Tan, Flex Commodities. Flex Commodities hires April Tan as lead trader for China  

Dubai-based marine fuels trader appoints experienced professional to Singapore office to drive regional expansion.
Contract signing ceremony. Yang Ming finalizes contracts for six methanol dual-fuel-ready boxships  

Taiwanese carrier signs deals with Japanese shipbuilders for vessels scheduled for delivery from 2028.
China’s Da Qing 268 vessel. China's first newbuild dual-fuel methanol bunkering vessel launched in Zhoushan  

Da Qing 268 can supply methanol and conventional fuels to ships at anchorage.




 Recommended