With effect from 9 December, Inter-Pacific will cease to operate as a bunker supplier in the Port of Singapore.
Singapore has to date supplied LNG fuel to 170 vessels using tanker trucks, notes Teo Chee Hean in speech.
Firm has adopted an internal control policy on purchase of fuel from the Cosco Shipping Group, it says.
Amy Barty comes from a senior position at a large energy trading house and will be relocating to Singapore.
Datuk Seri Tengku Baharuddin Ibni Sultan Mahmud takes up new position effective 1 December, 2019.
‘We will continue to contribute actively towards the IMO’s goals,’ says Singapore Minister Khaw Boon Wan.
Industry sources from the bunker surveying sector point to training processes, price war, and outdated policies as factors leading to current issue.
IMO 2020 an opportunity for firm to fill new role as expert advisor to clients and credit provider to industry.
Bunker trading firm has been recognised as among top 50 privately-held companies who have contributed to the economic development in Singapore and abroad.
Development due to low spot availability of HSFO and 0.5% sulphur LSFO products; no issues with MGO avails.
