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Singapore: Trade finance for bunkering sector ‘entering a different paradigm’, says Helmsman lead lawyer
The newly launched Code of Best Practices – Commodity Financing guidelines will be the new ‘reference point’ taken by banks when considering to give trade finance to trading houses, believes Ian Teo.
International Safety@Sea interview: MPA shares what it means to conduct bunkering operations in the ‘new norm’
Captain Daknash Ganasen, Senior Director (Operations & Marine Services), MPA, provides direction on what should players do when providing bunker fuel to a COVID-19 infected ship, and more.
Singapore: Gealubes strengthens marine bio lubes commercial operations with new Sales Director
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
USD $1.49 million bunker credit sleeving dispute between Goodwood and Southernpec reaches conclusion
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
DS Norden in USD 2 million claim against Global Energy Trading over alleged off spec bunker fuel
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
Veritas Petroleum Services summarises bunker fuel related issues of 2020 in three main points
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.