Bunker Business

Sept 10, 2008 (LBO) – Sri Lanka’s John Keells group said its bunkering unit Lanka Marine Services (LMS) will continue to supply bunkers at Colombo port with a tanker and would also use the proposed common user facility to continue in business.

“LMS will also continue to provide bonded storage and delivery services of marine lubricants on behalf of the many global lubricant manufacturers represented by them,” John Keells Holdings (JKH) said in a stock exchange filing Wednesday.

“By next week, LMS will be providing its customers with all grades of bunker fuels as in the past using a combination of floating storage and the proposed shared land storage facility to be run by the Sri Lanka Ports Authority.

“The company has engaged a tanker on a long term charter for procurement and storage of bunker fuels.”

JKH said it will complete the hand-over of a tank farm to Sri Lanka Ports Authority as directed by court on Wednesday September 10.

The company says it had deposited 153 million rupees as a provision for termination payments to workers, as asked by the commissioner of labour, under a court order.

But the firm was given time till September 12 to move out oil stocks. Any remaining oil would be the property of the por