Bright future for Bunkering at Indian Ports
Hinode’s 5th Annual conference on the Outlook for bunkering and Marine Lubricants in India clearly acknowledged the fact that India was well on its way to becoming a Bunkering destination. Lack of infrastructure, duties, quality of bunkers, etc., were issues now in the process of getting resolved and the government was actively engaged in putting necessary infrastructure in place. With the evolving scenario speakers at the conference agreed that ample opportunities exists for players to make it big in the bunkering business. The conference drew record participation with a wide response not just from India but also from South East Asia, Middle East and Far East and other countries.
Outlook for Bunkering & Marine Lubricants in India
The "4th Annual Conference on the Outlook for Bunkering and Marine Lubricants in India" will be held on Thursday, December 4, 2014 at the Hotel Vivanta by Taj-President, Cuffe Parade, Mumbai. With the demand for shipping fuel at major Indian ports having climbed in the past week by up to 25 percent as the cost of refuelling at Singapore, Asia's bunkering hub, soared following the collapse of the world's leading supplier, the organisers are getting set to meet the last minute rush for registraion.
India’s Seaborne Oil, Bulk Liquids & Gas Tanker Trade Conference
India Tanker Conference the biggest event of Hinode Events and Services Pvt Ltd, and the first one on the Tanker trade is set to take off on JUNE 5 in Mumbai at the Hotel Vivanta by Taj - President, in MUMBAI. This First Annual Conference on the Outlook for India’s Seaborne Oil, Bulk Liquids and Gas Tanker Trade, will explore the current challenges and outlook for the seaborne transportation of crude oil, bulk liquids AND gas cargoes encompassing the shipment of crude oil, petroleum products, petrochemicals, liquefied gases as well as vegetable oils, etc. Over 200 delegates are expected to attend. They will represent a wide cross section of the trade and industry including Ship owners and operators, charterers, cargo interests.
ONGC Seeks to Sell Crude Oil at Market Rate
Oil and Natural Gas Corporation has sought permission from the government to end the discount it offers on crude oil from its offshore assets to domestic state-run refiners. Of ONGC’s 17-million-tonne annual crude output from various offshore fields, it supplies 13 million tonne to Indian Oil and its subsidiaries, Hindustan Petroleum Corporation Ltd. and Bharat Petroleum Corporation. ONGC sells crude to state run refiners at $2-5 a barrel less than the landed cost of bonny light crude. Meanwhile, ONGC subsidiary Mangalore Refinery and Petrochemicals Ltd. imports crude for processing. (Source: Business Standard)
