Singapore bunker supplier Bunker House Petroleum Pte Ltd has recently reached an out-of-court settlement with Global Energy Trading Pte Ltd regarding an earlier debt, learned Manifold Times.
“We have already settled [the issue] with Global Energy Trading and the suit has been withdrawn/discontinued,” a source at Bunker House Petroleum told the Singapore bunkering publication on Wednesday (3 June).
Global Energy Trading initiated a lawsuit against Bunker House Petroleum at the High Court of the Republic of Singapore on August 2019 over an alleged debt of USD 3.9 million.
Photo credit: Manifold Times
Published: 3 June, 2020
The COVID-19 pandemic continues to evolve and MPA is working closely with other agencies to monitor the situation, both globally and in Singapore, the port authority tells Manifold Times.
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.