Bunkering: Goal 15 000 Vessels in 2014

7 years, 2 months ago - December 13, 2013
The Consumer Protection (Control of Imports) (Amendment No.4) Regulations will soon be enacted to liberalize trade in fuels for ships as announced in Budget 2014.

The main objective is to allow oil companies operating in Mauritius and engaged in trade fuels to offer more competitive prices for bunker fuel, allowing Port Louis to position itself as a great port over to other competitors and make the port a mainstay of the economy. Some 15 000 vessels are targeted first.

To date, it is the State Trading Corporation (STC), which manages the trade. Revenues collected in 2012 amounted to Rs 250 M. However, 35,000 vessels listed in the region, only 1,200 of them came to supply fuel to Port-Louis last year.

Singapore realized, in 2012, record sales of fuel for ships (43.5 million tonnes).

A STC is said to be unable to exploit this lucrative activity, lack of storage means. "The investment required for the construction of storage facilities are too high. This explains the government's decision to open the way for private operators, "said an officer working on the case.

Oil companies operating in Mauritius, a new operator, Beta Oil Terminal Ltd, has embarked on this project.

It has taken the necessary steps for the construction of three storage tanks of fuel. The total storage capacity will be 13,000 cubic meters. The project cost is estimated at Rs 400 million. 

 

Text by Le Matinal

We also recommend

Tags Cloud
2010accidentsadvertisingAfrAsiaafricaagroAir Franceair mauritiusAirlinesairportairway coffeeAlvaro SobrinhoamazonAmeenah Gurib-FakimAMLandroidApollo Bramwellappleappointmentsappsarrestasiaauditaudit reportaustraliaaviationawardsBABagatelleBAIBangladeshbankbanksbarclaysbeachbeachesBeau Bassin-Rose HillbetamaxBOIboko haramBollywoodBOMbombingbpmlBPOBramer BankbrazilbrexitbudgetBusinessCanadacanecareercareer tipscasinoCCIDCCMCEBcementChagosCHCchinaCIELcigarettesconferenceConfinementCongoconstructioncontestCoronaviruscorruptionCourtCourtsCOVID-19CPBCPEcreativitycrisiscruise shipsCSOCT PowerCultureCurepipecustomerscustomsCWAcyclonedamDawood RawatDBMdeficitdenguedevelopmentdoctorsDomaine les PaillesDPPdrug traffickingdrugsDTAADuty FreeearthquakeebolaecoécoleseconomyEducationEgyptelectionselectoral reformelectricityEmiratesEmtelenergyENLentrepreneurshipEUEuropeeventsexamexamsexpoexportfacebookfairfarmersfeeFIFA World CupfinancefinancesFirefishfishingFlacqFlic-en-FlacFloodsfoodFootballforecastforeign workersFrancefraudfruitsFSCfuelfunnyGAARgamblinggamesgazaGermanygooglegovernmentGRAgreengreen energyhackershajjhawkershealthhealthcareHeritage Cityhistoryholidayshorse racingHospitalhotelhotel businesshotelshow toHRHRDCHSBCHSCIBLICACICTICTAID cardillegal fishingIMFimportindiaIndian OceanIndonesiainflationinfrastructureinnovationsinsuranceinternetInterviewinterview tipsinvestmentinvestmentsiosiPadiphoneiraniraqIRSISISisraelITItalyjapanJin FeijobjobsjournalismKenyalandlawlawslayoffsleadershipLepeploanslocal governmentLockdownlotteryLRTLufthansaMadagascarmalaysiamalaysia airlinesmanagementmanagement tipsmanufacturingmarketmarketingmarketsMauBankMauritiansmauritiusMBCMCBMCCImeccaMedical CouncilmedicamentsmedicineMedPointmeetingMEFMESMetro ExpressMEXAMicrosoftMIDMIEmigrationminimum salaryminimum wagemlMMMmoneymoney launderingmotivationmoviesMozambiqueMPAMPCMPCBMRAMSCMSMMTMTCMTPAMusicMV BenitaNandanee SoornackNarendra ModinatureNavin RamgoolamNavind KistnahNCBNDUnetworkingNew Mauritius HotelsNHDCNigeriaNobel Prizenorth koreaNTCNWCCofficialsoffshoreoilOlympic GamesOmnicaneorangeOUMPakistanpalestineparliamentPaul BérengerPhilippinesPhoenix Beveragespicture of the daypiracyplagePMPMOpmsdPNQpolicepoliticsportPort LouisPort-LouisPravind JugnauthPRBpricepricesproblemprostitutionprotestspsacPSCpsychologyPTRpublic servicequatre-bornesrainsRakesh Gooljauryratingsreal estatereformsrepo rateRESrestaurantsresultresultsReunionriceroadsRoches-Noires caseRodriguesRogersRose-HillRoshi BhadainRussiaSAJsalariessalarysalessamsungsaudi arabiasbmSCscamscandalscholarshipsSchoolschoolssciencesecuritySeychellessharksshootingshoppingshopping mallSICsicomsingaporeSITskillssmart citysmartphonesSMeSMEDASobrinho casesocial mediasocial networks & messengerssolar energysouthsouth africasouth koreasportSportsstartupsstatisticsstatsSTCstrategystreet vendorsstrikestudysuccesssugarSun Tan caseSunkai casesyriaTAtabletsTanzaniataxtax heaventaxesteaTECtechnologytelecomterrorismtextilethailandthefttime managementtipstourismtradingtrainingstransporttrendstunaTurfTurkeyTVtyphoonukukraineunemploymentunionsuniversityuomUSUTMvacanciesVacoas Popular Multipurpose Cooperative SocietyVacoas-Phoenixvarma casevegetablesVideo of the DayvisaVishnu LutchmeenaraidooWaterWaterparkWeatherWhitedot Casewi-fiWMAWorld BankXavier-Luc DuvalYEPzimbabwe