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Singapore: Sing Fuels gains recognition for 5th consecutive year at E50 Award

‘Winning the Enterprise 50 award for the 5th year in a row has been such an incredible achievement for our team here at Sing Fuels,’ says CEO.

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Singapore-based global energy company Sing Fuels on Friday (25 November) was honoured for the 5th consecutive year amongst the fastest-growing companies in Singapore with the Enterprise 50 Award.

The prestigious award recognises companies that have grown rapidly and contributed to the economic development of Singapore. 

This year, it especially recognised companies who had taken bold steps in being adaptable and reinventing their strategies in a sustainable way amidst an uncertain business landscape.

“Marine energy company Sing Fuels has diversified its portfolio by creating a disruptive digital arm, and by embracing technology to bring trust, transparency, efficiency and sustainability into its traditional marine fuels business,” said a spokesperson during the opening speech at the Award ceremony.

“It has advanced such efforts by digitalising end-to-end systems and by adopting a back-to-back transaction model to reduce risks surrounding commodity prices, currency and delivery. 

“The company has also remained agile by moving into niche markets and by quickly scaling its operations in response to changing market sentiment. It is also working with partners to advance CleanTech and green energy solutions for the shipping industry and port infrastructure. 

“It has also further expanded into other petroleum products like lubricants, base oils and invested in other sustainable energy spaces. As a result, the company’s revenue and gross profits in 2022 rose 50% on pre-pandemic levels.”

The award comes as a testament to the strong progress Sing Fuels has made over the past several years, transforming itself from a pure bunkering trader and moving towards being a global energy company, said the company, noting it has celebrated its 10-year anniversary this year.

“Winning the Enterprise 50 award for the 5th year in a row has been such an incredible achievement for our team here at Sing Fuels,” said Vikash Dhanuka, Chief Executive Officer, Sing Fuels.

“The recognition underscores the partnerships with the customers, suppliers and government agencies that continue to support us in propelling us forward. 

“We continue to build on it, transforming our businesses and accelerating our growth in days, months and years to come. Thank you for helping us do what we do best: providing energy solutions for the industry.”

Related: Singapore: Sing Fuels celebrates 10th-Year Anniversary

 

Photo credit: SingFuels
Published: 28 November, 2022

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Winding up

Singapore: Liquidators arrange creditors meeting for Otto Marine Limited

Meeting will be held from 3pm on 24 July at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095, according to Government Gazette notice.

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A meeting for creditors of Otto Marine Limited, which is in liquidation, has been scheduled to take place on 24 July, according to a Government Gazette notice on Thursday (11 July). 

The meeting will be held from 3pm at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095

The agenda of the meeting will be as follows:

  • To update on the liquidation administration;
  • To approve the Liquidators’ fees and disbursements;
  • To approve the declaration of preferential dividend(s) pursuant to Section
  • 328(1)(b) to 328(1)(f) of the Companies Act, Cap. 50;
  • To consider and if thought fit, to appoint a committee of inspection; and
  • Any other business.

The details of the liquidators are as follows: 

Chee Yoh Chuang
Lin Yueh Hung
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 July, 2024

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LNG Bunkering

Titan completes first STS LNG bunkering operation in Cuxhaven

Port of Cuxhaven in Germany had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth, says Titan.

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Titan completes first STS LNG bunkering operation in Cuxhaven

LNG bunker fuel supplier Titan on Thursday (11 July) said it completed the first-ever LNG bunkering operation by ship in the port of Cuxhaven.

Titan’s bunker vessel Optimus successfully delivered LNG to dredger Vox Ariane operated by its long-term client Van Oord. 

“Our ship-to-ship bunkering in Cuxhaven represents a pioneering step in the region's LNG infrastructure development, as the port had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth,” it said in a social media post. 

“LNG infrastructure development is part of a broader trend, with more ports across Germany adopting LNG operations to support shipping’s clean fuels transition.”

Titan added the improved LNG bunkering capabilities in Cuxhaven, a Niedersachsen Ports GmbH & Co. KG port, also opened up the pathway to maritime decarbonisation via liquified biomethane (LBM) and then renewable e-methane going forward.

 

Photo credit: Titan
Published: 12 July, 2024

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LNG Bunkering

UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Firm said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier in the Port of Drammen, Norway.

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UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Norwegian roll-on/roll-off shipping line United European Car Carriers (UECC) on Wednesday (10 July) said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier Auto Achieve in the Port of Drammen on 4 July.

The firm said this was the first time UECC received LNG by barge to any of their vessels in their home country Norway. 

“We also believe that it was the first time LNG was delivered by barge to any vessel in Drammen, and most likely the entire Oslofjord,” UECC said in a social media post.

The LNG was supplied by the Molgas Energy Holding vessel Pioneer Knutsen, owned by Knutsen Group OAS.

“UECC is very pleased to see the expansion of the LNG barge network in Norway,” it said. 

 

Photo credit: UECC
Published: 12 July, 2024

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