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The main objective of the bunkering standard is to ensure that the correct quantity is delivered safely, in an environmentally sustainable manner and that quality and efficiency are rewarded, the DMCA said in a statement.
Riding on an increasing potential of ship refueling demand at its port due to the growth in trade volumes, Shanghai demonstrates the potential to develop into a major bunkering hub.
However currently, CPC does not have oil supply vessels or barges and operational strategies on how to re-enter the already highly competitive bunkering market had not yet been fully discussed, sources told Asian Tribune.
CRISIL believes that Ocean Bunkers will continue to benefit from its management experience and its service offering in the marine vessel hiring and bunkering services segments, over the medium-term.
While over 1,000 vessels have touched the Port of Sohar in 2009, he expects the numbers to swell significantly after the launch of bunkering services later this year.
Fujairah International Bunkering and Fuel Forum is made possible by the Conference Connection Inc.
The tee shot has been toughened by the addition of 45 yards of new mounding on the left side of the fairway and new bunkering, right, both at drive distance.
This initiative, which aims to set the benchmark for aspiring bunker hubs, is being championed by the Ports of Gibraltar, Rotterdam and Singapore as a means of encouraging the highest operational, environmental and safety standards in the bunkering industry through the sharing of best practice.
Iran is ready to challenge the United Arab Emirates in fuel bunkering to vessels in the Persian Gulf, Naser Sajjadi, the managing director of the National Iranian Oil Products Distribution Company said in September, adding that bunkering revenues have risen 20 percent over the past six months.
It said it had gathered key stakeholders in the UAE bunkering industry, including maritime bunker regulatory licensing bodies, ship owners, operators, charterers, bunker suppliers, bunker craft operators, and bunker surveyors, to draft the professional bunkering standard.