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
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
NBF mulls use of blockchain-based registry of trade finance transactions as secure central database for the banking industry to streamline documentation processes and resolve transparency issues.