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SMW 2019: Singapore tops ‘Leading Maritime Capitals of the World’ list

200 maritime experts predict that Singapore would continue to retain its top position in the next five years.

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Singapore has secured the top spot in the Leading Maritime Capitals of the World 2019 (LMC) report.

Developed by international quality assurance and risk management firm DNV GL and consultancy firm Menon Economics, the fourth edition of the LMC report was unveiled on Wednesday (10 April) morning during Singapore Maritime Week 2019. Singapore has been ranked first in the past three editions of the LMC report, since 2012.

The LMC report assesses a total of 15 maritime capitals across five pillars – Shipping, Maritime Finance and Law, Maritime Technology, Ports and Logistics, Attractiveness and Competitiveness. Under each pillar, a comprehensive set of indicators was used to benchmark the maritime capitals.

This year, Singapore retained the top position in three pillars – namely Shipping, Ports and Logistics as well as Attractiveness and Competitiveness.

Quah Ley Hoon, Chief Executive of the Maritime and Port Authority of Singapore said, “To be once again recognised as the leading maritime capital that provides the full range of support, in terms of infrastructure and talent, is an affirmation of Singapore’s commitment to develop and grow the maritime industry.

“Singapore will continue to deepen our efforts to drive connectivity, innovation and talent. We thank our partners and stakeholders for their continued support and look forward to working closely with them to foster a close-knit eco-system for Singapore’s maritime industry.” 

The 200 maritime experts who took part in this LMC report predicted that Singapore would continue to retain its top position in the next five years, but highlighted stronger competition from other maritime capitals.

The LMC report also highlighted Singapore’s continuous effort to strengthen its attractiveness as an international maritime centre has been well received by the industry. The strong results on both the objective indicators and expert assessments affirm its relevance as a critical node within the maritime sector regionally and globally.

The Port of Singapore remains one of the world’s busiest ports – it sustained its overall growth in 2018, with container throughput hitting 36.6 million twenty-foot equivalent units (TEUs) and vessel arrival tonnage reaching 2.79 billion gross tonnes (GT).

Through the Sea Transport Industry Transformation Map (ITM), MPA is partnering industry stakeholders to bring the industry to a new height. The ITM seeks to strengthen the country’s connectivity and inter-linkages, develop a vibrant maritime innovation ecosystem and build a future-ready and skilled maritime workforce.

Published: 11 April, 2019
 

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LNG Bunkering

Singapore: Pavilion Energy supplies LNG to TFG Marine dual-fuel bunker tanker

“MT Diligence” was refuelled with 34 cubic metres of LNG bunker fuel, supplied by Pavilion Energy, marking the first LNG bunkering of TFG Marine’s bunker vessel.

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Singapore: Pavilion Energy supplies LNG to TFG Marine bunker tanker

Global marine fuel supply and procurement firm TFG Marine on Monday (20 May) announced the completion of the first liquefied natural gas (LNG) refuelling of its dual-fuel bunker tanker MT Diligence this week in Jurong Port, Singapore.

The 34 cubic metres (m3) of LNG to power the MT Diligence was supplied by the Marine division of Singapore-headquartered Pavilion Energy. 

“Deploying a vessel that can be powered by LNG as well as conventional low sulphur marine fuels helps TFG Marine to meet its licence requirement with the Maritime and Port Authority of Singapore (MPA),” TFG Marine said in a social media post.

Singapore: Pavilion Energy supplies LNG to TFG Marine dual-fuel bunker tanker

“Built and operated for TFG Marine by CBS Ventures Pte Ltd, the 5,000 dwt MT Diligence has been designed to our technical specifications, including stringent safety considerations and has joined our supply fleet this year in the major bunkering centre of Singapore.”

Manifold Times previously reported TFG Marine christening the first LNG dual-fuel bunker tanker to join its fleet.  

The newbuild vessel, MT Diligence, has joined the company's low sulphur fuel oil and biofuel supply operations in the major bunkering centre of Singapore.

Related: LNG dual-fuel bunker tanker “MT Diligence” joins TFG Marine fleet for Singapore ops

 

Photo credit: TFG Marine
Published: 21 May 2024

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Winding up

Singapore: Liquidators schedule final meeting for Sejahtera Shipping and related companies

Final meetings will be held at 9 Raffles Place, #19-21 Republic Plaza Tower 2, Singapore 048619 for Sejahtera Shipping, Molek Shipping and Madu Shipping.

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The final meetings of Sejahtera Shipping Pte Ltd and its related companies have been scheduled to take place on 21 June, according to the company’s liquidators on a notice posted on Monday (20 May) on the Government Gazette.

The other companies are Molek Shipping Pte Ltd and Madu Shipping Pte Ltd. 

The meetings will be held at 9 Raffles Place, #19-21 Republic Plaza Tower 2, Singapore 048619 at the following times:

  1. Sejahtera Shipping at 11am
  2. Molek Shipping at 10.30am
  3. Madu Shipping at 10am

They will be held for the purposes of having accounts laid before the meeting showing the manner in which the winding-up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the liquidator.

The details of the liquidators are as follows:

Cheng Sam Tai Catherine
Liquidator
c/o Crowe Horwath First Trust Corporate Advisory Pte. Ltd.
9 Raffles Place, #19-20 Republic Plaza Tower 2, Singapore 048619

A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote in his stead. A proxy need not be a member of the company. The instrument appointing a proxy must be deposited at the Registered Office of the company not less than 48 hours before the time set for holding the meeting.

Related: Singapore: Sejahtera Shipping and related companies to be wound up voluntarily

 

Photo credit: Benjamin-child
Published: 21 May 2024

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Bunker Fuel

Island Oil eyes Korean market with new Seoul office

New office marked the company’s latest expansion within Far East and Southeast Asia markets, following the opening of the company’s Hong Kong office last year.

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International marine fuel trading firm Island Oil on Monday (20 May) announced it has established an office in Seoul.

This marked the company’s latest expansion within the Far East and Southeast Asia markets, following the opening of the company’s Hong Kong office last year. 

Additionally, Island Oil has several years of established presence in Singapore, along with a representative office in Shanghai. 

Mr. Yongje (Jayden) Choi will be heading the Seoul office as Business Development Manager. 

Jayden

Mr. Yongje (Jayden) Choi

“We welcome Jayden to the Island Oil family”, said Mr. Michell Kamphorst, Head of International Trading, Asia at Island Oil.  

“His expertise in the Korean market will provide an immediate impact as we inaugurate our Seoul office, marking another significant milestone in our Asia expansion.”

“Stepping into Island Oil, I am impressed by their dedication to maintaining a culture of dignity and respect for all team members, as well as their strong commitment to fairness and transparent communication”, said Choi.

“I am excited to be a part of Island Oil's journey towards greater growth and prosperity”, he concluded.

Note: Enquiries can be sent to Island Oil’s Seoul office via email at [email protected]

Related: Island Oil continues expansion into Chinese markets with new Hong Kong trading office
Related: Island Oil and Island Petroleum receive ISCC EU certification for bio bunker fuels

 

Photo credit: TANIM MUNSHI on Unsplash / Island Oil
Published: 21 May 2024

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