Asia/Pacific News
Source: Singapore Firm Plans to Enter Hong Kong Bunker Market
Friday June 28, 2013
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.
