Connect with us

Business

Singapore: Three charged with graft in separate bunker trading cases

One of the traders, 45, who worked at Integr8 Fuels Asia was said to have received a total of about SGD 131,000 (USD 95,000) from two people between 2016 and 2020.

Admin

Published

on

state courts

Two marine fuel traders and an assistant manager of a shipping company on Wednesday (8 June) were charged for corruption offences under the Prevention of Corruption Act at the State Courts of Singapore, according to The Straits Times.  

The traders, aged 45 and 32, who worked at Singapore-based bunker trading and brokerage services provider Integr8 Fuels Asia Pte Ltd (Integr8) were accused of accepting and giving bribes; they respectively faced eight and four charges under the Prevention of Corruption Act.

The 45-year-old female allegedly received a total of about SGD 131,000 (USD 95,000) from personnel at Seven Seas Oil (Hong Kong) and Taimin Petroleum & Chemicals (TPC) to advance respective companies’ business interests between 2016 and 2020. She also allegedly agreed to receive a bribe of about USD 15,000 from the same staff at TPC in 2020. 

The 32-year-old male allegedly offered SGD 1,200 in bribes to the assistant manager of shipping company Pacific International Lines on three occasions between December 2020 and March last year to advance mutual business interests. He purportedly further offered a SGD 400 bribe to the assistant manager in April last year.

Court hearings for the 32-year-old and assistant manager are scheduled to take place on 6 July, while the other trader is expected to be in court on 20 July.

For each charge of corruption, they can be fined up to SGD 100,000, jailed for up to five years, or both.

 

Photo credit: Manifold Times
Published: 9 June, 2022

Continue Reading

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.

Admin

Published

on

By

steve pb from Pixabay

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

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading
Advertisement
  • EMF banner 400x330 slogan
  • v4Helmsman Gif Banner 01
  • Aderco advert 400x330 1
  • RE 05 Lighthouse GIF
  • SBF2
  • Consort advertisement v2

OUR INDUSTRY PARTNERS

  • SEAOIL 3+5 GIF
  • 102Meth Logo GIF copy
  • Singfar advertisement final
  • HL 2022 adv v1
  • Triton Bunkering advertisement v2


  • Auramarine 01
  • Synergy Asia Bunkering logo MT
  • E Marine logo
  • PSP Marine logo
  • pro liquid
  • CNC Logo Rev Manifold Times
  • Energe Logo
  • MFA logo v2
  • intrasea
  • Trillion Energy
  • Headway Manifold
  • Advert Shipping Manifold resized1
  • 400x330 v2 copy
  • VPS 2021 advertisement

Trending