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.
Related: Singapore: Minerva Bunkering and TFG Marine obtain bunker supplier license
Photo credit: Manifold Times
Published: 22 April, 2020
First meeting of creditors will be held on Tuesday, 12 January 2021 at 10a.m. (SG time) via video conferencing and pursuant to the Covid-19 Order 2020.
Total bunker sales amounted to 430,583 mt in June 2019, compared to sales of 362,142 mt in June 2018.
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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.
