The Maritime and Port Authority of Singapore (MPA) revoked the bunker supplier and bunker craft operator licences of Singapore-based Transocean Oil effective Monday.
‘Transocean will no longer be allowed to operate as bunker supplier and bunker craft operator in the Port of Singapore,’ it notes in a statement.
According to MPA, checks on Transocean in March and April found were several falsifications of records and discrepancies in the stock movement logbooks on board the bunker tankers operated by Transocean.
These findings, in turn, meant a breached the terms and conditions of Transocean’s bunker supplier and bunker craft operator licences.
‘MPA reminds all licensed bunker suppliers and bunker craft operators to adhere strictly to the terms and conditions of their bunker licences,’ it warns.
‘MPA will take firm action against any licensee who has acted in contravention of its licence(s), including the suspension or revocation of licence(s).’
From 1 September 2021, an IMO 2020 service charge will be implemented even for ships with an exhaust gas cleaning system (scrubber) installed.
Liang will be President & CEO of Total Oil Asia Pacific for its Marketing & Services Division, Asia Pacific and Middle East region as well as Singapore’s Country Chair.
‘We support MFMs for bunker deliveries at Singapore and that goes for other tech as well; Hafnia is onboard any initiatives improving transparency in the bunker supply chain,’ says Bunker Manager.
The premium of LSMGO over VLSFO in Singapore has averaged $6.58/t so far this month, down from as high as $55/t in July this year, reports Argus Media.
The first contract month to trade is December 2019, with a total of 12 consecutive monthly contracts listed.
Though commodities should be a safer haven if banking and fin-tech equities are dropping, the bunker market has had a consistent downward slope since last week's report.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
