Singapore based South Horizons International Petroleum (S) Pte Ltd (South Horizons) plans to start supplying bunkers in Hong Kong starting late July, according to a report by C1 Energy.
Quoting market sources, the report said South Horizons has a preliminary sales target of about 10,000 metric tonnes (mt) per month and will source its product from local major suppliers.
South Horizons did not respond to an email from Ship & Bunker asking for comment on the matter.
Monthly sales volumes in Hong Kong are reported to be between 500,000 and 700,000 mt per month.
