Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Sri Lanka's Lanka IOC targets to sell 10,000 mt bunker fuel in Trincomalee by end-2015

Commodities | Bunker Fuel | Oil | Crude Oil | Refined Products | Jet Fuel | Shipping | Marine Fuels

Greener opportunities for jet fuel

Shipping | Marine Fuels

Platts Bunkerworld

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Middle East Bunker Fuel Conference

Agriculture | Biofuels | Coal | Emissions | Natural Gas

German UFOP says straw is not waste, queries use in advanced biofuel production

Sri Lanka's Lanka IOC targets to sell 10,000 mt bunker fuel in Trincomalee by end-2015

Singapore — Sri Lankan bunker supplier Lanka IOC, which commenced bunkering operations from its Trincomalee oil terminal on the east coast of Sri Lanka late June, is targeting to sell 10,000 mt of 380 CST fuel oil and marine gasoil by the end of this year, an official at Lanka IOC told Platts Monday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Lanka IOC, the subsidiary of Indian state-owned Indian Oil Corp., has sold more than 4,000 mt of both 380 CST fuel oil and MGO since it began bunkering operations at Trincomalee on June 25.

It hopes to increase this volume to 6,000 mt in its second month of operations, the official who declined to be named said.

In a statement released Friday, Lanka IOC said its bunkering operations will provide an additional fuel option to vessels operating in the Bay of Bengal.

"Lanka IOC has positioned one bunker barge having a capacity of 1,400 mt 380 CST fuel oil and 400 mt marine gasoil at Trincomalee for delivering marine fuel bunkers to the ships at berth and anchorage," the statement said.

"With more than 30 meters draft available, Trincomalee Canyon provides natural shelter making this port a better place for bunkering at anchorage even during adverse weather," the statement added.

Lanka IOC is capable of storing 20,000 mt of 380 CST fuel oil and 6,000 mt of MGO at its storage tanks in Trincomalee.

The company typically imports fuel oil via a tender process and it may come from either Singapore, Fujairah or India.

Lanka IOC is currently offering 380 CST fuel oil at $350/mt and MGO at $620/mt for delivery during the next one or two weeks.

Last Thursday, Platts had assessed the same 380 CST fuel oil grade for delivery in Singapore at $309/mt and MGO at $499.50/mt.

--Norazlina Juma'at,
--Edited by Irene Tang,