At least two lenders have blocked short term credit facilities to Singapore oil company Hin Leong Trading Pte Ltd, reported Bloomberg on Thursday (9 April).
The company could be one of the latest firms to be adversely affected by the drastic fall in oil prices which is fuelled by a potent mix of oversupply and falling demand, the report alleged.
According to Hin Leong Trading’s website, the company’s assets from its subsidiary Ocean Tankers (Pte.) Ltd. includes more than 130 vessels ranging from coastal barges to 318,000 dwtVLCCs, and ranks 16th among worldwide tanker operators.
Photo credit: Swapnil Bapat
Published: 13 April, 2020
DBS, TFG Marine, Ocean Network Express, Ascenz, and MPA completed Singapore’s first live bunker delivery financing pilot transaction via eBDN.
The decision is ‘detrimental’ to intensive ongoing restructuring efforts, says EMAS Director.
10.5km of existing asphalt concrete production pipelines were modified to meet industry standards and deadline, says company.
Guide sets out classification design criteria for the arrangements, construction, installation and survey of machinery, equipment and systems for vessels.
The 75,000 m3 capacity facility will also be used for slop collection and firm's EMSA oil response work.
Investment will be made over the next five years for the development of eco-friendly future ships and production facilities to strengthen its competitiveness, it said.
‘We are here to transfer the extremely valuable knowledge gained over the past six years to the maritime sector, such that our customers are comfortable in the use of such biofuels,’ states CEO Olivier Baiwir.
Newly appointed Anthony Mollet speaks to Manifold Times about his role, vision, value proposition and plans for the Marine Fuels Alliance to become a wide-reaching and engaging bunkering industry association.
SFP will be retrofitting VPT’s existing bunker vessel with its Full Electric Ready (FER) system and seeks to commission the vessel in the second quarter of 2022, CEO of SFP George Lee tells Manifold Times.
Equatorial Marine Fuel Management Services, Oldendorff Carriers, Lloyd’s Register and organisers took part in a Bunker Quality Claims Webinar moderated by Manifold Times on 10 November.
‘Though it did introduce temporary commercial and operational disruptions, we took a constructive view of the situation and chose to use this event as a learning opportunity,’ shares a Consort Bunkers spokesperson.
Gealubes Consulting & Trading, the authorised marine business distributor of PANOLIN EALs at Singapore port, shares a two-part education series on Environmentally Acceptable Lubricants on Manifold Times.
