More than 250 of Singapore’s industry leaders across the maritime ecosystem gathered in-person at the Singapore Maritime Foundation New Year Conversations 2022.
Gracing the event as the Guest-of-Honour was S. Iswaran, Singapore’s Minister for Transport and Minister-in-charge of Trade Relations.
In his speech, Iswaran said, “Maritime Singapore has shown itself to be resilient despite the challenges of the pandemic over the past two years.”
“I am confident that the continued strong tripartite partnership between the Government, industry and unions will see us through the recovery phase and allow Maritime Singapore to emerge even stronger.”
A highlight of the evening was a panel discussion on key challenges the industry faces, and the opportunities amid disruptions in the post-pandemic world.
The panel discussion was chaired by Hor Weng Yew, Chairman of the Singapore Maritime Foundation and comprised Jeremy Nixon, CEO of Ocean Network Express (ONE); Quah Ley Hoon, Chief Executive of the Maritime and Port Authority of Singapore (MPA); Tan Chong Meng CEO of PSA International; Lars Kastrup, Co-President & Executive Director of Pacific International Lines (PIL); and Loh Boon Chye, CEO of the Singapore Exchange (SGX).
The programme culminated in the global launch of the 2022 edition of the Leading Maritime Cities of the World report co-developed by DNV and Menon Economics.
In the latest edition of the report, Singapore secured the overall top spot as an international maritime centre.
Commenting on the report, Hor said, “Maritime Singapore’s recognition in the DNV-Menon Leading Maritime Cities of the World 2022 report is a testament of the cohesiveness of the industry players across the ecosystem.”
“The willingness of industry players to collaborate on common challenges—whether it is to address maritime decarbonisation or to support talent development—cannot be taken for granted. The Singapore Maritime Foundation will continue to work with the industry to build connectivity, foster innovation and nurture talent to sustain the growth of the sector.”
Photo credit: Singapore Maritime Foundation
Published: 14 January, 2022
Achieving the long-term target of decarbonisation requires new bunker fuel types and a systemic and regulatory change within the industry, says bp.
Major port state regimes have already made clear they will rigorously enforce sulphur requirements, says ICS.
Michael Krabbe, who will be based at the Middelfart headquarters, takes position effective January 2019.
Employees engaged in bunker malpractices, which include use of magnets to interfere with MFM during bunkering ops.
Vessels travelling within the ECAs are required to use VLSFO and observe mandatory speed reductions and these have resulted in increased operational costs, it said.
The St. Rose site will receive material produced from discarded mined materials, and will transform it into a cleaner blending component for bunker fuel.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.
‘We will now take the necessary time to consider and evaluate the verdict and the premises of the verdict thoroughly before making any decision of whether to appeal to a higher court,’ informs company.
