The bunkering industry at Singapore is set for significant adjustment over the coming years due to the introduction of mass flowmeters (MFM), believes the President of the Singapore Shipping Association (SSA).
‘What appears not to be in dispute, is the likelihood that the barging and bunker supply landscape will undergo major changes over the next few years,’ Esben Poulsson told delegates during a keynote speech at the IBIA Annual Convention 2017.
‘There will likely be fewer suppliers, with those commodity traders and oil majors that trade and import cargoes and can optimise buying activity potentially becoming dominant, while the number of barging companies is likely to decrease with the bigger suppliers owning or time chartering their own barges to support their logistics operations.’
Poulsson, who is also the Chairman for the International Chamber of Shipping (ICS), also called for the continued vigilance and determination by authorities in stopping unscrupulous operators from working out ways to ‘beat the system’.
Singapore, meanwhile, is fully embracing the global move towards liquefied natural gas (LNG) bunkering.
‘I believe the Maritime and Port Authority of Singapore (MPA) remains focused on the big picture and is convinced that LNG will be part of the mix of marine fuels in the future,’ he notes.
‘MPA is taking the necessary steps to ensure that Singapore is well-positioned to expand its offering of marine fuel solutions to vessels that enter its waters.’
According to Poulsson, Pavilion Energy carried out the first demonstration of a truck-to-ship bunker delivery at berth at Jurong Port in Singapore during May 2017.
An LNG-fuelled bunker tanker will also reportedly enter operation at the republic in 2018.
‘So, with the mandatory introduction of mass flow meters, Singapore is leading the world. As it is with the move to build a viable infrastructure for LNG bunkering,’ he says.
‘These initiatives, fully backed by the MPA, are likely to further enhance Singapore’s position as the largest and most important bunkering centre in the world.’
Photo credit: Freeimages.com/Ahmed Al-Shukaili
Xihe said it has recently hired a qualified management team to drive the business; Lim Oon Kuin and his children are no longer part of the management team.
Creditors are required on or before the 4th day of June 2021, to send in their names and addresses, with particulars of their debts or claims to appointed liquidators.
‘Attempts were made to ban auditors from accessing relevant documents,’ says source in FT report.
Singapore, Northwest Europe, and Mediterranean ports first to receive compliant fuels.
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Rosneft RMLS 40 low-sulfur marine fuel now available for delivery at ports in the Far East, Black Sea, Arctic and Baltic regions, says the company.
‘We are happy to sit down with interested parties to discuss this opportunity, and share more details of our business regarding STS transhipment and storage with potential clients upon request,’ states Managing Director.
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.
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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.
