• Follow Us On Our Preferred Social Media Platform:

All Business News

Singapore: Creditors’ final meeting scheduled for ROSV Marine Pte. Ltd

Meeting will be held at 238A Thomson Road, Novena Square Tower A, Singapore 307684 on 21 June at 11.00 am, according to the Government Gazette.

May 26 2022

United Shipping and Trading Company welcomes Nina Østergaard Borris as new CEO

Nina, who was the COO of USTC since early 2020, will succeed her father Torben Østergaard-Nielsen who will take over as Chairman of the Board of Directors for USTC.

May 26 2022

Glencore enters guilty pleas to foreign bribery and market manipulation schemes

Glencore International A.G. (Glencore) and Glencore Ltd. agreed to pay over USD 1.1 billion to resolve the government’s investigations into violations, says U.S. Department of Justice.

May 26 2022

Spain: Enagás and Repsol completes first LNG pipe-to-ship bunkering

Operation was carried out on “Containerships Borealis” of shipping company Containerships, which is part of the CMA CGM group, in Cartagena, says Enagás.

May 26 2022

BIMCO: ETSA and IOCD Clauses and updated GENCON adopted

BIMCO subcommittee in charge of the CII Compliance Clause for Time Charter Parties was asked to revisit certain aspects of the draft over the coming weeks, says BIMCO.

May 26 2022

The Lab’s fuel testing services secure UKAS accreditation

UKAS accreditation covers chemical and physical tests for petroleum and petroleum products (fuel oil), states Brookes Bell.

May 26 2022

Argus Media: Singapore’s VLSFO bunker price range widens

Prices of VLSFO bunkers in Singapore on the spot market have been in a wide range of up to $30/t due to tightness in cargo market, depending on delivery dates.

May 25 2022

China: Zhoushan faces bonded bunker fuel supply crunch

More than half of the local suppliers reported that the latest delivery date is estimated to be 26 May while bunker fuel quotes at Zhoushan in May are very high.

May 25 2022

China: “Jinhui 17” joins Zhoushan bonded bunkering fleet

Currently, Zhoushan city has 17 registered bonded bunker fuel supply enterprises and 72 ships that are approved to engage in bunkering bonded marine fuel.

May 25 2022

NYK and Nippon Yuka Kogyo develop new additive ‘Yunic 800Eco’

Companies observed decreased fuel consumption of up to 1.2% compared to when the additive was not used while carbon monoxide (CO) emissions were also reduced.

May 25 2022

Rio Tinto and bp sign one-year trial of marine biofuels

B30 biofuel blend will be trialled on “RTM Tasman” on a mix of Transatlantic and Atlantic-Pacific routes, in one of the longest-duration marine biofuel trials to date.

May 25 2022

UK confirms USD 15 million fund for R&D in zero emission technologies

Fund will promote decarbonisation innovation in the maritime sector which will aim to tackle shipping emissions, according to The Chartered Institute of Logistics and Transport.

May 25 2022

Malaysia: Fast Energy proposes acquisition of CCK Petroleum Sdn Bhd shares

Fast Energy will hold 70% equity interest in CCKSB and accordingly upon completion of the proposed acquisition, CCKSB will become a subsidiary company of Fast Energy.

May 24 2022

Liquidators issue notice of intended dividend for Semua Ship Agency and Supplies

Creditors are to produce proofs of debt to Semua Ship Agency and Supplies Private Limited’s liquidator Acutus Advisory Pte. Ltd by 6 June 2022, says Government Gazette.

May 24 2022

Singapore: High court issues winding order against Sea Solutions Services Pte. Ltd.

All creditors of the company should file their proof of debt with the liquidator who will be administering all affairs of the company, according to Government Gazette notice.

May 24 2022

IBIA returns to Turkey with one-day bunker conference on future of green shipping

Shipowners, bunker buyers, leading bunker suppliers, bunker traders, bunker brokers, and other industry stakeholders are expected to attend the event, says IBIA.

May 24 2022

Titan LNG “FlexFueler 002” bunker barge delivers 60 mt of bio-LNG bunker fuel to “Fure Vinga”

Bio-LNG marine fuel delivered to the “Fure Vinga”, owned by Swedish’s Furetank, has received a full ISCC – International Sustainability and Carbon Certification, says Titan LNG.

May 24 2022

Royal Caribbean Group partners with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping

By joining the Center, the Group aligns itself with a network of like-minded companies to find solutions for a sustainable future, says Royal Caribbean Group President and CEO.

May 24 2022

China bonded bunker fuel sales up by 1.7% year-on-year from Jan to Apr 2022

Singapore’s bonded fuel supply was 15.05 million mt, a 11.89% year-on year decrease due to doubts on quality of local high sulphur fuel, says a China consultancy.

May 23 2022

Malaysia: MMEA detains domestic oil tanker in Labuan for expired shipping licence

Two Indonesian crew members did not have valid travel documents and the vessel had an expired domestic shipping licence during inspection, says MMEA.

May 23 2022

Singapore: Notice of intended dividend announced for Southernpec (Singapore) Shipping Pte Ltd

Creditors are to produce proofs of debt to liquidators of Southernpec (Singapore) Shipping Pte Ltd by 6 June 2022, according to latest Government Gazette notice.

May 23 2022

Our Industry Partners

  • argus

PR Newswire