The Maritime and Port Authority of Singapore (MPA) has suspended the bunker supplier license of Ocean Bunkering Services Pte Ltd (OBS), a subsidiary of the collapsed Hin Leong Trading as it can no longer meet the qualifying prerequisites to hold the license, reports Reuters.
“Given that OBS has stopped its bunkering operations since April this year and has not been able to fulfil its licensing commitment to date, MPA has suspended their bunkering licenses until further notice,” said the MPA as quoted by Reuters.
OBS ceased bunker fuel deliveries in April following a credit pull experienced by an embattled Hin Leong due to debts of up to USD 3.85 billion.
In early October, the judicial managers for Hin Leong, PricewaterhouseCoopers had published a notice for an “investment opportunity in an independent bunker fuel and lubricant supplier in Singapore”.
Photo credit: Manifold Times
Published: 20 October, 2020
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.