Court documents show a total of approximately 10,360 metric tonnes (mt) of marine gas oil (MGO) amounting to SGD $5.99 million ($4.52 million) being stolen from Singapore Shell Bukom to date.
The stolen oil was loaded onto three tankers, namely Prime South, Sentek 26 and MT Gaea, which travelled over Asia over the last three months, according to Thomson Reuters.
Investigations showed the theft occurring over a period of three and a half months during normal working hours of the refinery.
Reuters provided a breakdown of the incident dates, volume of gasoil stolen and value of the product:
Related: Intertek Singapore employee among Shell oil heist suspects
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Published: 17 January, 2018
Lars Moller to appeal against 18-month prison sentence over violation of several Criminal Codes.
The 104,592 dwt tanker was discovered by the MMEA patrol team at 4.00 p.m. on Friday (19 June), 4.8 nautical miles west of Daya Bandar Hilir.
Mismanagement would have been detected much earlier if Deloitte auditors ‘carried out the audits of the plaintiff's financial statements properly’.
M/T Courageous, formerly known as Sea Prima, was purchased by Kwek Kee Seng through front companies using U.S. dollars through U.S. banks.
The Fri Kvam, Pacific Finder, and Seago Istanbul were held at various ports in August, show data.
The 107,525 dwt crude oil tanker was arrested by Credit Suisse on 27 December, 2018 at Singapore.
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.
