Singapore-based oil products distributor Vitol Asia is looking into forming a joint venture with two Zhejiang-based port groups in China to promote bonded bunkering operations at a Zhejiang free trade zone, reports the Straits Times.
The oil company is part of efforts by Enterprise Singapore and the Zhejiang Department of Commerce to support business collaborations on five industries at the Singapore-Zhejiang Economic and Trade Council Roundtable on Monday.
The five sectors are namely oil trade and maritime services; technology and innovation; culture, tourism and youth; financial connectivity, legal and professional services; and sustainable urban management.
“As markets which embrace open and mutually beneficial economic and trade collaborations, Singapore and Zhejiang should accelerate such bilateral cooperation to demonstrate our support for open trade,” said Sim Ann, Senior Minister of State for Communications and Information and Culture, Community and Youth.
The roundtable builds upon an April Singapore-Zhejiang Economic and Trade Council meeting which saw Consort Bunkers and Glencore Singapore entering formal intentions with Zhoushan-based companies to collaborate in maritime logistics, bunker supply and wholesale petroleum trading for a free trade port.
Published: 23 August, 2018
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.
Dwivedi Vivek Kumar ended his tenure as Global Head – Bitumen & Shipping & Regional Head – APAC at GP Global APAC on 10 November 2020 due to internal structuring of the GP Global Group.