Geneva-based marine fuel and bunkering services supplier Minerva Bunkering on Tuesday (21 April) said the Maritime and Port Authority of Singapore (MPA) has awarded Minerva Bunkering Pte Ltd (Minerva) a Craft Operator and Bunker Supplier license, the first granted since 2017.
As the largest bunkering market, Singapore represents a core addition to Minerva’s physical delivery network spanning more than 30 ports around the world, it says.
Serving customers with a supplier license significantly enhances Minerva’s operations in Singapore, a market where it has been active in cargo and bunker trading since 2014, adds the company.
“We are excited to bring our physical supply model to the world’s largest bunkering hub,” said Minerva CEO Tyler Baron.
“Leveraging our global integrated fuel supply chain and the substantial investment we have made in Singaporean flagged bunker tankers and storage capacity, we believe Minerva will positively contribute to the stability and growth of the Singapore market,” stated Minerva CEO Tyler Baron.
Minerva noted its intentions to play a role in the environmental evolution of the bunkering industry with a commitment to operate dual-fueled bunker tankers in Singapore.
This is in alignment with the MPA’s leadership on initiatives to steadily reduce the environmental impact of the local bunkering fleet, it says.
Photo credit: Manifold Times
Published: 22 April, 2020
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.