Plans to install MFM on its second barge next year.

Shipowners, charterers not obligated to supplier.

New facility will have 400,000 cu m of crude storage tanks.

Due to higher crude prices in recent weeks.

Fujairah bunker fuel market has 17 licensed suppliers.

Sanctions on Iran lifted in January.

Growth seen in Fujairah bunker market.

Sharp increase in average catalyst fines during 2011 and 2012 'almost certainly' linked to start of Iran sanctions.

Its parent company is Mediterranean Eastern Enterprise.

Bunker markets in Singapore and Fujairah weighed down by too much supply as Iranian fuel oil cargoes return.

The other half will likely flow into the Fujairah bunker market.

'We expect mandatory use of mass flow meters will provoke a price increase in Singapore,' says director of bunkers at Cepsa.

Iran may want to sell directly to owners but will likely export cargoes to Fujairah as well, says director of bunkers at Cepsa.

The 26 draft meters berth allows both crude and fuel oil transfers.

Looking to lease storage in Fujairah this year and decide on new port for its gradual expansion of bunker supply.

Storage capacity at the world's second-largest bunker fuel hub to up by 243,280 cu m, via tender.

Talks on refinery upgrades are already underway.

Company agrees more favourable terms.

'We are expecting a favourable response from ship owners and buyers.'