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
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
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