Singapore-based international bunker trading house Singfuels on Friday (17 July) announced the appointment of five team members.
Satnam Singh Vaseer was welcomed as Chief Operating Officer (COO), in addition to his role as Director of Sing Fuels.
In Vaseer’s role as COO, he strategises and implements business policies and oversees global operations of the company.
“Being a part of Sing Fuels since inception has given me an unique opportunity to have a holistic view and an innate understanding of our company’s DNA and culture,” said Vaseer.
“Our journey has witnessed challenges in various capacities and we are proud of where we are today. We still have a long way to go and it will be my endeavor to bring out the best version of our team in order to realize our dreams and goals.”
Andy Ng was appointed Team Lead – Bunker Division, in addition to his role as Sourcing Manager, S.E.A. where he will develop strategies in growing the Asia team and managing day-to-day activities.
Kelvin Wong was welcomed as Team Lead – Cargo Division, in addition to his role as Vice President – VP (Cargo, S.E.A), where he will strategise on how to grow the cargo business and oversee daily operations of the team.
“I am thankful to Sing Fuels for the opportunity and recognition. I am committed to lead the team into expanding our portfolio and providing valuable services to our customers,” said Wong.
Sanket Sudhakar Naik was designated as VP – Treasury and Investments where he will be responsible for strategising cash flow management, financial relationships management and evaluating new business opportunities.
Ulrich Rasmussen was welcomed as VP – Credit Risk Management where he will be responsible for developing, implementing and managing credit risk policies and processes, noted Sing Fuels.
Haydn Lockhart-Barker was appointed VP – Supply Chain of Sing Fuels where he will oversee the development and management of supply chain operations.
“These appointments are a testament of the consolidated growth Sing Fuels has gone through the last years,” said Sonnich Thomsen, Managing Director, Bunkers
“These individuals have played an important part in this transition, and would like to congratulate them on this well deserved recognition. The appointments is part of a greater plan to drive growth and improved value offering to our important counterparties for many years ahead.”
Photo credit: Sing Fuels
Published: 20 July, 2020
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The new marine fuels shall be available at Indian ports from the middle of October 2019, says spokesman.
Acquisition part of EMF’s preparation for 2020 to reach further up supply chain and operate as a more robust marine fuel logistics provider, says Director.
Over a ‘failed’ settlement agreement entered on 31 May leading to the arrest of bunker tankers, according to documents obtained by Manifold Times.
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Hearing was originally fixed for mention in early November, but was later delayed to take place on 8 December, AGC source tells Manifold Times.
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
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‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
