The quarterly performance of Singapore’s bunkering and ship chandlers sector has fallen on year, according to data compiled by the Department of Statistics (DOS).
The data, presented as the Wholesale Trade Index (WTI) to measure the performance of the whole sale trade industry, tracks changes within the republic’s foreign and domestic sectors.
The foreign WTI, which measures wholesale sales outside Singapore, showed performance of the bunkering and ship chandlers sector down by 5.2% on year during the first quarter (Q1) of 2018; the similar sector was down 8.4% when compared to a quarter on quarter basis.
The domestic WTI, which records wholesale sales within Singapore, recorded a 5.2% decrease in the republic’s bunkering and ship chandlers sector on year in Q1 2018; when compared to the earlier quarter the sector posted a marginal fall of 0.8%.
Data used for the compilation of the WTI are obtained from the quarterly Wholesale Trade Survey conducted by DOS, as well as from administrative sources.
Photo credit: Manifold Times
Published: 22 May, 2018
Role will focus on monitoring practical and economical purchasing of bunkers so that delivery takes place in a smooth, efficient, and cost-effective manner.
Creditors are to produce proofs of debt to Xihe Capital Pte. Ltd.’s liquidator by Wednesday (31 August 2022), says Government Gazette notice.
‘The fit to the position as CCO is excellent as Kevin has deep knowledge within commodities trading and sales as well as profound management experience,’ said MD.
Yantian Port Shihua Company delivered 2,000 mt of bonded low sulphur fuel oil and 380 mt of marine gas oil to container ship ‘GLEN CANYON’ at Yantian Port.
Domestic LSFO production and market price fluctuations may be main factors in whether bonded bunker fuel volume can achieve a breakthrough for 2022.
Companies’ shipments of Venezuelan crude and fuel in 2020 make up 3.9% of Venezuela’s total oil exports worth around USD 208.5 million, reports Reuters.
‘We’ll start the application [to MPA] before the end of 2022 and hopefully to receive approval within six months or sooner,’ L. Y. Hwang, Director / General Manager of Oval Asia Pacific Pte Ltd, tells Manifold Times.
Digitalisation makes it easier for shipowners to conform to growing external regulations such as new sulphur regulations and ‘no scrubber’ zones; operators can identify better bunkering options to reduce costs.
Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Fifteen incidents of misappropriation of Shell gasoil worth USD 10,4 million went undetected by Shell between 2016 to 2017 due to Muhammad Ali Bin Muhammad Nor’s involvement, learned Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.
