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The Australian Customs and the Australian Tax Office defines a bunker fuel as the fuel that powers the engine of a ship or aircraft. Bunker A is No. 4 fuel oil, bunker B is No. 5, and bunker C is No. 6. Since No. 6 is the most common, "bunker fuel" is often used as a synonym for No. 6.
Heavy fuel oil. Heavy fuel oil (HFO) is a category of fuel oils of a tar -like consistency. Also known as bunker fuel, or residual fuel oil, HFO is the result or remnant from the distillation and cracking process of petroleum. For this reason, HFO is contaminated with several different compounds including aromatics, sulfur, and nitrogen, making ...
The MT Solar 1, carrying more than two million liters of bunker fuel, sank during a violent storm approximately 20.5 kilometres (12.7 mi) off the southern coast of Guimaras around midnight on August 11, 2006, [4] causing an unknown amount of oil to pour into the gulf, that traveled up through the Guimaras Strait and Iloilo Strait.
They said blending such oil into bunker fuels was on the rise as tightening regulations due to come in next year have pushed up benchmark bunker fuel prices to their highest seasonal level in ...
PT-32, one of the four PT-20 class motor torpedo boats involved in the first part of the journey. On 11 March 1942, during World War II, General Douglas MacArthur and members of his family and staff left the Philippine island of Corregidor, where his forces were surrounded by the Japanese. They traveled in PT boats through stormy seas patrolled ...
Keywordssoutheast asia philippines airlines & airports cebu pacificBudget carrier Cebu Pacific is cutting the fuel surcharge paid by its passengers by as much as 20 per cent on all domestic routes. The company, in a statement, said it was its way of passing on to the public the savings it realized from the recent softening of oil prices.
Fuel price risk management, a specialization of both financial risk management and oil price analysis and similar to conventional risk management practice, is a continual cyclic process that includes risk assessment, risk decision making and the implementation of risk controls. It focuses primarily on when and how an organization can best hedge ...
Bunkering operations take place at seaports and include the storage and provision of the bunker (ship fuels) to vessels. [3] The Port of Singapore is currently the largest bunkering port in the world. [4] In 2023, Singapore recorded bunker fuel [5] sales volume totaling 51,824,000 tonnes, setting a new industry standard.