The bunkering firm Costank (S) Pte Ltd has left the Maritime and Port Authority of Singapore (MPA) licensed bunker supplier list earlier in January, showed its latest version.
Costank was positioned 16th out of 51 players in MPA’s list of top bunker suppliers by volume in 2018.
The development reduces the number of accredited bunker suppliers operating at Singapore port falling to 45, to date.
Related: MPA list reveals top bunker suppliers at Singapore port in 2018
Image by Gerd Altmann from Pixabay
Published: 17 January, 2020
‘This biofuel bunker delivery represents a new chapter for Eng Hua as we are now moving with the times towards the era of decarbonisation,’ Mike Sin, Director at Eng Hua, tells bunkering publication Manifold Times.
MPA has also asked Glencore to improve its internal procedures to ensure that prompt action is taken in future when it becomes aware of, or reasonably suspects, any irregularity in fuel quality, it states.
Dynamic Asset Investments Limited and Goldsland Holdings Co Ltd helped Vermont UM Bunkering maintain a “Cash Float” of about SGD 100,000 to facilitate “buyback” bunker transactions at Singapore port.
Senior Cargo Officer gained SGD 48,800 worth of commission from “buyback” bunker transactions and illegally obtained SGD 410,712.257 by cheating Vermont, a Singapore court heard on Thursday (21 July).
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.