Stocks of fuel oil at Singapore decreased 10% to 3.392 million metric tonnes (mt) in the week ended 3 January, showed data from International Enterprise (IE) Singapore.
The week saw a 149% jump of 382,000 mt in fuel oil net imports into Singapore to a 33-week high of 1.457 million mt, while exports fell to a seven-week low, according to Reuters.
On year, onshore fuel oil stocks were 22% up.
Singapore exported 196,000 mt of fuel oil to China, 50,000 mt to Hong Kong, and 25,000 mt to Bangladesh, according to IE Singapore data.
Imports to Singapore include Venezuela at 303,000 mt, Brazil at 156,000 mt, Iraq at 149,000 mt and Russia at 142,000 mt.
Published: 5 January, 2018
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.