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.
Related: PwC publishes ‘investment opportunity’ for Singapore independent bunker fuel supplier
Photo credit: Manifold Times
Published: 23 October, 2020
Applies for a domestic patent of its VLSFO manufacturing process which removes asphaltenes from fuel.
Recent developments from lowered production and recovering economies affecting demand for marine fuel in the shipping market, explains Analyst at Gasum.
The partnership agreement includes the installation of GTT Training’s Liquid Gas Handling Simulator ‘G-SIM’ at Wavelink’s centre and the co-sharing of expertise.
The bank is allegedly releasing its front office staff, and all clients with transactions in Singapore will be managed by its Hong Kong office, reports Bloomberg.
Global Shippers Forum says charges ‘lack transparency’ and highlights ‘lack of negotiation’.
Bunker fuel development with Maersk provides ‘very positive outlook’, says Executive Chairman.
Associate Director at Helmsman highlights the need to stay up-to-date with latest protocols / measures introduced by MPA, with continuous education of Master and crew of the visiting vessel.
BunkerPlanner Lite is an attempt to educate professionals engaged in bunker decisions about the use of advanced technology in the decision process, explains BunkerMetric CEO Christian Plum.
Senior Associate at Clyde & Co offers guidance to protect shipowners and bunker tanker operators in the event opposing counterparty breaches Covid-19 protocols, resulting in Covid-19 transmission.
Having a surveyor’s watchful eye to detect illegal activities also sends a strong signal to barge and vessel crew not to undertake any intended non-compliance, states VPS Senior Sales Manager.
Bunker tanker owner’s trust in LR and Metcore’s expertise proves duo’s experience in bunkering MFMs and unceasing support made the difference in ensuring trust during bunker transactions.
‘To be clear, the activities undertaken by Ang outside of Sea Hub are categorically unrelated to the current non-active status of the company,’ Glen Lim, Shipping Director of Sea hub, tells Manifold Times.
