The bunkering licenses of Ocean Bunkering Services (OBS), the marine fuels business arm of troubled Hin Leong Trading, has been suspended until further development, according to a Maritime and Port Authority of Singapore (MPA) spokesperson.
The representative was providing clarification to a query from Manifold Times when asked if the bunkering licenses of OBS have been permanently revoked.
“The Maritime and Port Authority of Singapore (MPA) has been monitoring the development of Ocean Bunkering Services (OBS), an affiliated company of Hin Leong Trading,” the spokesperson told the Singapore bunkering publication on Friday (23 October).
“Given that OBS has stopped its bunkering operations since April this year and has not been able to fulfil its licensing commitment to date, MPA has suspended their bunkering licences until further notice.
“The Singapore bunkering sector is well diversified with 44 other licensed bunker suppliers. MPA will continue to work with industry stakeholders to ensure that Singapore’s supply chain for oil products and bunkering operations continues to function without any disruptions.”
A check on the MPA website on Friday has found OBS still being listed within the port authority’s List of licensed bunker suppliers in the Port of Singapore and List of licensed bunker craft operators in the Port of Singapore.
PricewaterhouseCoopers in early October published a notice in local papers for an “investment opportunity in an independent bunker fuel and lubricant supplier in Singapore” which is believed to be OBS.
The notice was issued by Goh Thien Phong and Chan Kheng Tek of PwC who are also the judicial managers of the financially troubled Hin Leong Trading, according to an earlier report.
Photo credit: Manifold Times
Published: 23 October, 2020
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.