Ocean Tankers, the subsidiary of Singapore-based oil trading firm Hin Leong Group, has ordered six handy-sized tankers from Fujian Mawei Shipbuilding at an undisclosed sum.
The 23,500 deadweight tonne (dwt) tankers will be able to carry a variety of dirty and clean oil products, a company spokeswoman told Reuters.
The vessels will be delivered by the end of 2020, and includes option for an additional four.
In total, Ocean Tankers has placed orders for 28 tankers with option for 12 more ships.
“These vessels have been ordered for fleet renewal purposes, as well as what we see to be an opportunity to trade more of these types of ships,” she said.
To date, Ocean Tankers owns 136 vessels, including 15 VLCCs, with a total capacity of more than 7.7 million dwt.
Ocean Bunkering Services, the sister firm of Ocean Tankers, is adding a total of five bunkering vessels to its Singapore fleet; one ship will be supplying marine gas oil (MGO) while the remaining will be delivering fuel oil.
Publication date: 22 January, 2018
Singapore port will remain open for cargo operations and will continue to provide essential marine services including bunkering, ship stores and ship supplies, says MPA.
Company to be restructured into three parts, separating legacy drilling rig assets from its core operations, which will be leaner in terms of asset and manpower.
Complimentary event will be held at the PARKROYAL on Pickering Hotel at 31 August, 2018.
Bunker fuel prices in Singapore weakened in mid-June and some users chose to refuel at Singaporean ports, which negatively impacted China’s bunker sales, reports JLC.
Tan Chong Han joins the Singapore-based bunker trading outfit with immediate effect.
The world’s largest bunkering event returns on 2-5 October 2018 at Resorts World Sentosa, Singapore.
The bank is filing an application for pre-action discovery at the High Court of the Republic of Singapore in order to ascertain its future direction of proceedings against Sinfeng, according to court documents.
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
