Singapore- based multinational commodity trading company Trafigura Pte Ltd is purportedly under investigations by U.S. authorities in relation to corruption and market manipulation in oil trading.
The effort is led by Washington-based Commodities and Futures Trading Commission (CFTC) and probes will include Trafigura’s operations in South America, according to a report by The Guardian.
This investigation comes 18 months after it was revealed that Trafigura had allegedly been mentioned in Brazil’s massive “Car Wash” corruption probe. However, it is unclear whether the two investigations are linked.
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Published: 2 June, 2020
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.