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
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.