Pumped Up

US marine fuel supplier ChemOil signed a deal on Friday to dock at the Colombo Prot, to sell bunker fuel.
Lanka Bunker Services, ChemOils BOI (Board of Investment) venture with Sri Lanka Shipping Company Limited (SLSCL) will target the South Indian industrial areas for clients together with vessels calling in at Colombo. rn

rnBOI sources say the firm aims to provide ships with a type of oil previously unavailable in Sri Lanka. Technical details of the type of fuel were unavailable at the time of the report. rn

rnChemOil who supplies around four per cent of the global bunkering will pump in an estimated Rs. 500 mn together with its local partners in to the project. rn

rnThe firms Director M. Reza says said Sri Lankas central location was the key in the implementation of this project, adding that services like their will help in making Sri Lanka a regional transhipment hub.rn

rnSLSCL offers the shipping community a range of shipping agency and allied services including warehousing services. rn