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
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
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.