Mabanaft subsidiary Matrix Marine Fuels Pte Ltd has left the list of Singapore accredited bunker suppliers in May, according to a Maritime and Port Authority of Singapore (MPA) document.
The development follows the departure of Mabanaft’s fuel oil team and the Singapore branch of the Bomin Group, another Mabanaft subsidiary, from the republic in September 2018.
To date, the number of accredited bunker suppliers at Singapore port stands at 49.
Matrix Marine Fuels was ranked the 23rd largest bunker supplier at Singapore port by volume in 2018.
Mabanaft, the trading division of Hamburg-based independent energy supply, trading and logistics group Marquard & Bahls (M&B), which oversees operations of bunkering firms Bomin and Matrix Marine recorded ‘unsatisfactory’ bunkering results in 2017.
Related: Official: Bomin exits Singapore and Antwerp bunker markets
Related: Bomin to honour Singapore bunker contracts upon exit, says MD
Related: Bomin Singapore, Mabanaft fuel oil team allegedly exiting market
Related: MPA list reveals top bunker suppliers at Singapore port in 2018
Related: Mabanaft: ‘Unsatisfactory’ 2017 bunker results
Other Related: Somtrans Group acquires Bomin Belgium, enters bunkering market
Other related: Bomin closes Dubai office, appoints new MD
Published: 10 May, 2019
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.