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Teekay Tankers posts net losses, takes position against scrubbers

CEO concerned on quality and availability of marine fuel outside bunkering hubs moving closer to 2020.

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New York listed tanker shipping corporation Teekay Tankers posted losses for the three months ended September 30 (Q3) of 2018.

It posted net loss of $17.5 million in Q3 2018, 21.9% more than losses of $22.4 million in Q3 2017; total revenue was $175.9 million in Q3 2018, a 92.9% increase from revenue of $91.2 million in Q3 2017.

In its latest earnings call, the company’s CEO Kevin Mackay took position on Teekay Tankers’ stance against scrubbers.

“I think it’s important to say that Teekay is supportive of the transition to the industry moving to burning cleaner fuels. And I think as we look at that change, 80% to 85% of the tanker fleet in our estimate is going to have to make that change to lower sulphur fuels as opposed to moving to scrubbers,” he says.

“In our case, there is concerns that we have around the use of scrubbers obviously transferring sulphur pollution, from the air into the ocean isn’t in our view something that is viable long-term for the industry, but there is also operational constraints and one of those is around the fuel quality issue.”

Mackay pointed out about 150 ships contaminated with bad bunkers earlier in the year due to the use of contaminated fuel oil as a marine fuel.

“Our concern is that as we move to 2020 and as the market for high sulphur fuels diminishes to that 15% of the ships on the water, the quality of the fuel may come into question and certainly of the availability of it, outside of the major trading and bunkering hubs of Singapore and Rotterdam and places like that,” he notes.

“So that is one of the reasons why our stance on scrubbers or use of high fuel is that we haven’t taken any decisions or any moves to install scrubbers and the quality issues has been one concern around that.

“Not to mention, the issue of maintaining additional equipment, etcetera on the use of scrubbers.”

Photo credit: Teekay
Published: 16 November, 2018

 

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Winding up

Singapore: United Ocean Ship Management Pte Ltd to be wound up voluntarily

A liquidator has been appointed at an extraordinary general meeting held on 12 June for the purpose of winding up company’s affair, according to Government Gazette notice.

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RESIZED Drew Beamer

Several resolutions for United Ocean Ship Management Pte Ltd were made during an extraordinary meeting held on 12 June, according to a post in the Government Gazette on Friday (19 June).

According to the company’s website, United Ocean Ship Management was founded in 2012 in Singapore and specialises in ship management services. The company manages a fleet of Floating Storage Tankers (FSUs) in Singapore, Malaysian, and Indonesian waters, currently comprising nine ULCC/VLCC/FSUs.

The duly passed resolutions were:

AS SPECIAL RESOLUTIONS

  • That the Company be wound up voluntarily pursuant to Section 160(1) of the Insolvency, Restructuring and Dissolution Act 2018 (the “Act”)
  • That the Liquidator be and is hereby authorised to exercise any or all of the powers given by Section 144 (1)(b), (c), (d), (e), (f) and (g) and 144 (2) of the Act.
  • That the Liquidator be authorised to distribute either in cash or in specie any part or all of the surplus assets of the Company to the contributories.

AS ORDINARY RESOLUTIONS

  • That Ms. Muk Siew Peng of c/o ClearView Associates Pte Ltd 133 New Bridge Road #08-01 Chinatown Point Singapore 059413 be and hereby appointed as Liquidator for the purpose of winding up the affairs of the Company.
  • That the renumeration and winding up disbursements of the Liquidator be fixed on a time basis at the rates normally charged by such an assignment.
  • That the Liquidator be authorized to destroy all the books and records/papers of the Company and of the Liquidator five years after the date of dissolution of the Company pursuant to Section 195(2) of the Act.

In another notice, the liquidators of United Ocean Ship Management said creditors for the company are required on or before the 20 July to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the liquidators. 

Liquidators may also require creditors to, “come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.”

The liquidators can be contacted at the following address:

Muk Siew Peng
Liquidator
c/o ClearView Associates Pte Ltd
133 New Bridge Road
#08-01 Chinatown Point
Singapore 059413

 

Photo credit: Drew Beamer
Published: 22 June, 2026

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LNG Bunkering

Dan-Bunkering supports Sallaum Lines with LNG bunkering operation in China

“Ocean Express” is one of six newbuilds in the series and represents the fourth supply opportunity Dan-Bunkering has supported so far.

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Dan-Bunkering supports Sallaum Lines with LNG bunkering operation in China

Global bunker supplier Dan-Bunkering on Friday (19 June) said it has recently concluded an LNG delivery in China for Sallaum Lines’ newbuild Pure Car and Truck Carrier (PCTC), Ocean Express

The delivery involved approximately 1,400 metric tonnes (mt) of LNG bunker fuel. 

This delivery is the outcome of a development process that began around April 2025, during which Dan-Bunkering worked with Sallaum Lines to evaluate several LNG supply opportunities in China linked to the company’s newbuild programme. 

Ocean Express is one of six newbuilds in the series and represents the fourth supply opportunity Dan-Bunkering has supported so far.

For this delivery, Dan-Bunkering said it secured a ship-to-ship supply solution aligned with the vessel’s operational requirements. The solution was made possible through close cooperation with supply partner SIPG Energy.

“This is a great example of what it takes to support clients in the transition to alternative fuels,” said James Shiller, Global Lead of New Fuels at Dan-Bunkering, and continues:

“LNG bunkering is not always straightforward, particularly during a first full bunker operation. Success depends on local knowledge and persistent cooperation across teams. Sallaum Lines trusted us and SIPG Energy to keep working the options, and we are proud that all involved teams turned a challenging situation into a successful delivery. We value the relationship and look forward to supporting their remaining newbuild deliveries.”

The company added that the delivery was made possible through close coordination across Dan-Bunkering and the wider Group, including Dan-Bunkering’s Netherlands office, Bunker Holding’s specialists and sourcing team.

 

Photo credit: Dan-Bunkering
Published: 22 June, 2026

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Bunker Fuel Quality

Fuel quality issues drive 50% rise in bunker claims, says Gard

Gard says bunker-related claims increased significantly in between January and May 2026, with over 70 cases recorded – a 50% rise compared to 2025 and notes that most claims involve fuel quality.

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RESIZED Shaah Shahidh on Unsplash

Maritime protection and indemnity (P&I) club Gard on Friday (19 June) released a report on practical observations from recent cases of bunker-related claims, highlighting recurring challenges and essential considerations for managing fuel quality issues effectively:

Key findings

  • Sharp rise in bunker claims and geopolitics: Bunker-related claims increased significantly in early 2026, with over 70 cases recorded – a 50% rise compared to 2025. Most claims involved fuel quality, with a noticeable uptick following the escalation of the Middle East conflict.
  • Global risk profile with concentration driven by supply volumes: Bunker quality incidents were recorded worldwide, reflecting a broadly dispersed and global risk environment rather than a localized issue. Higher numbers of claims at major hubs such as Singapore, Houston, and ARA mainly reflect their large bunkering volumes
  • VLSFO remains the primary source of claims: Very Low Sulphur Fuel Oil (VLSFO) accounts for the vast majority of bunker quality claims. Its complex blended nature increases the likelihood of variability and contamination, making it more prone to quality issues. This reinforces that VLSFO continues to be the key technical risk area in marine fuel usage.
  • ISO 8217 compliance does not guarantee fuel suitability: A significant proportion of cases involved fuels that met ISO 8217 Table 2 parameters but still caused operational issues and damage to machinery. This underscores the growing importance of Clause 5, which focuses on whether fuel is fit for use and free from harmful substances. Standard testing alone is often insufficient, requiring more advanced analysis to identify problematic contaminants.
  • Claims are driven by both technical and contractual challenges: Bunker disputes are often complex due to misaligned contractual relationships between owners, charterers, and suppliers. Issues related to binding sample, parameter(s) to be tested, time bars and evidentiary requirements frequently complicate claims resolution.
  • Operational impact is often underestimated compared to headline casualties: While no major casualties were directly linked to poor fuel in this dataset, several vessels were disabled or required towage. These incidents can create high exposure when occurring in congested or coastal waters. The absence of catastrophic outcomes should not obscure the underlying operational risk.

This report draws on Gard’s claims data from the first five months of 2026, with additional data contributions from VPS.

Note: The full report titled ‘Beyond Specification: Bunker claims insights in early 2026’ can be found here

 

Photo credit: Shaah Shahidh on Unsplash
Published: 22 June, 2026

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