World News
Ecoslops Highlights "Excellent" Performance of Industrial Micro-Refinery Unit in Port of Sines
Ecoslops, which specializes in recycling ship slops into IFO and MDO bunkers, today announced the "excellent" performance of its industrial micro-refinery unit in the Port of Sines, hailing the "strong growth dynamics" of its production.
The company says that the positive results "confirm the relevance and viability" of Ecoslops' business model.
Ecoslops' sales amounted to 9,700 tonnes in H1 2017 compared to 3,700 tonnes in H1 2016, while production doubled from 6,050 tonnes during the same period last year to 12,200 tonnes in H1 2017.
"The quality of the process is still very high, with 98 percent of waste products regenerated into refined products," explained the company.
"Measures taken to reduce costs have been effective during the period, in relation to staff costs as well as other variable and fixed costs, significantly reducing the cost basis in conjunction with the strong growth of activity."
Alongside the news, the company also announced the appointment of Wladimir Makinsky as Business Development Director.
Makinsky is a Merchant Marine Officer who worked for Maersk Group as a multipurpose officer for six years and was involved in the development of Bolloré Transport & Logistics for five years.
Ecoslops notes that is currently working to develop projects in Marseilles and Antwerp - announced last month - as well as the projects in the Canal of Suez and Côte d'Ivoire.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 6.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 618.00 | 11.50 | 802.50 | 6.50 |
| Fujairah | 642.00 | 5.50 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
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