Business

Singapore: Bunker fuel sales up 3.5% on year during April, show MPA data

In total, 4.3 million mt of various marine fuels were sold at the world’s largest bunkering port in April, an increase from 4.11 million mt recorded for April 2020.

Published

4 years ago

May 14, 2021

Admin

Bunker fuel sales at the port of Singapore increased 3.5% on year during April 2021, according to Maritime and Port Authority of Singapore (MPA) data.

In total, 4.3 million metric tonnes (mt) (exact: 4,256,500 mt) of various marine fuels were sold at the world’s largest bunkering port in April, an increase from 4.11 million mt (exact: 4,113,700 mt) recorded during April 2020.

Deliveries of 500 centistokes (cSt), 380 cSt and 180 cSt grades in April 2021 (against on year), were respectively 32,300 mt (-59% from 78,400 mt), 1,058,000 mt (+53% from 0.692 million mt), while 180 cSt product recorded no sales in April 2021 and 2020.

Low sulphur variants of 500 cSt, 380 cSt and 180 cSt products respectively recorded no sales, 2.14 million mt (-0.5% from 2.15 million mt), and 179,600 mt (+62% from 111,100 mt).

Low sulphur 100 cSt recorded sales of 493,200 mt (-17% from 597,800 mt) and ULSFO had no sales in March (-100% from 66,700 mt).

Low sulphur marine gas oil (LS MGO) sales were posted at 298,000 mt (-20% from 372,600 mt) and MGO at 33,000 mt (-32% from 48,400 mt).

A series of articles on Singapore bunker volumes by Manifold Times in 2021 can be found below:

Earlier articles by Manifold Times on Singapore bunker volumes can be found in the search result here.

Photo credit: Manifold Times
Published: 14 May, 2021

Winding up

Singapore: Notice of dividend issued for defunct bunkering firm Coastal Oil Singapore

Second and final dividend of Coastal Oil Singapore is scheduled to be released from 19 May; company’s former Chief Finance Officer received a nine-year jail sentence in 2021.

Published

21 hours ago

May 19, 2025

Admin

A notice was published in the Government Gazette on Friday (16 May), regarding the second and final dividend to creditors of defunct bunkering firm Coastal Oil Singapore Pte Ltd.

The following are details of the notice of dividend of the company:

Name of Company : Coastal Oil Singapore Pte. Ltd. (In Creditors’ Voluntary Liquidation) (Co. Reg. No 200413975N)
Address of Registered Office : 1 Raffles Quay, #27-10 South Tower, Singapore 048583
Amount per centum : 0.3552 per centum of all admitted ordinary claims
First and final or otherwise : Second and Final Dividend
When payable : On or after 19 May 2025
Method of payment : Remittance or telegraphic transfer
Where payable : c/o FTI Consulting (Singapore) Pte Ltd, 1 Raffles Quay, #27-10 South Tower, Singapore 048583

In 2021, the former Chief Finance Officer of Coastal Oil Singapore received a nine-year jail sentence at the State Courts of Singapore.

Ong Ah Huat earlier pleaded guilty to 15 charges; the charges include three counts of engaging in a scheme to defraud and nine counts of forgery for conspiring with accomplices to defraud eight banks into approving USD 320 million in loans.

The banks involved were: China Merchants Bank (Singapore), Bank of Communications (Hong Kong), BNP Paribas (Hong Kong), Cooperative Rabobank (Hong Kong), DBS Bank (Hong Kong), HSBC (Hong Kong), OCBC (Hong Kong), and Standard Chartered Bank (Hong Kong).

In 2019, Manifold Times reported Hong Kong-listed COSCO SHIPPING International (Hong Kong) Co., Ltd stating its indirect wholly-owned bunkering subsidiary Sinfeng suspecting fraud to be involved in the liquidation of Coastal Oil Singapore during December 2018.

It was believed Coastal Oil Singapore owed approximately US $357 million to 79 firms. Out of the total USD 357 million, banks were the hardest hit taking up about US $354 million, or 99.1%, of total credit owed.

A complete coverage of the events leading to the current development has been arranged by Singapore bunker publication Manifold Times (in descending date order) below:

Photo credit: Manifold Times
Published: 19 May, 2025

Vessel Arrest

Malaysia: MMEA detains Liberia-registered boxship for illegal anchoring off Sekinchan

Container ship was anchored without permission at 22.5 nautical miles southwest of Sekinchan on 16 May; Russian captain and Second Engineer were taken to headquarters for further investigation.

Published

21 hours ago

May 19, 2025

Admin

Malaysia: MMEA detains Liberia-registered boxship for illegal anchoring off Sekinchan

The Selangor Malaysian Maritime Enforcement Agency (MMEA) on Sunday (18 May) said it detained a Liberia-registered container ship for anchoring without permission at 22.5 nautical miles southwest of Sekinchan at about 1.20pm on 16 May.

Selangor Maritime director Maritime Captain Maritime Abdul Muhaimin Muhammad Salleh said the Klang Area Control Centre’s Maritime Surveillance System detected the position of the suspicious vessel at about 9.20am.

He said checks with the Central Region Maritime Department found that the container ship did not apply for permission to anchor.

Preliminary inspection found that the ship was registered in Liberia and is operated by a 44-year-old Russian captain along with 23 crew from various nationalities aged between 32 to 50 years. All of them had complete identification documents.

Further investigation found that the captain of the ship failed to present any documents showing permission to anchor.

Following that, Abdul Muhaimin said a detention order was issued for the vessel while the captain and a Second Engineer were brought to the Selangor Maritime Department headquarters for further investigations.

The case is being investigated under the Merchant Ship Ordinance 1952 for docking without permission from the Malaysian Marine Department director-general.

“If found guilty, they could be imposed a fine of not more than MYR 100,000 or a jail term of two years or both,” he said.

Photo credit: Malaysian Maritime Enforcement Agency
Published: 19 May, 2025

LNG Bunkering

Baleària arranges LNG bunkering operations on same day at Port of Barcelona

Occasion marked the first time three bunkering operations were carried out on three different ships on the same day at the same port in Spain.

Published

21 hours ago

May 19, 2025

Admin

Baleària arranges three LNG bunkering operations on same day in Barcelona

Spanish shipping company Baleària on Thursday (15 May) said it broke an all-time record for the supply of liquefied natural gas (LNG) with the bunkering of three of its vessels in the port of Barcelona.

The occasion marked the first time three bunkering operations were carried out on three different ships on the same day at the same port in Spain.

The company said the three vessels were fuelled with a total of 2,320 MWh of LNG by eight tankers.

Fast ferry Margarita Salas was fuelled by three tankers simultaneously. Ferry Martín i Soler was fuelled by two tankers and ferry Bahama Mama was bunkered by another three tankers also.

“Our commitment to LNG grew by 184% in 2024. Combined with electric propulsion and other eco-efficiency measures, we have managed to reduce our carbon footprint by almost 10% per passenger,” it said.

Photo credit: Baleària
Published: 19 May, 2025