News on Singapore.
Singapore plans to up its competitiveness within offshore and marine engineering by including factors such as climate change and the Covid-19 pandemic in the country's future plans for the sector.
Marine fuel sales in China have risen for the fifth straight year, spurred by competitive prices and an expansion of port and refining facilities. Singapore's status as the dominant supplier on the Asian market is under threat.
A 17-year veteran at logistics company Kuehne+Nagel, Peer Gjoew Rasmussen will take over the reins of the logistics major's activities in Singapore and Malaysia.
G2 Ocean is currently in process to nearly double the number of employees at its Singapore-based office. A total of 15 new positions have been posted to keep up with the company's growth in the area.
The Singapore Port Authority now supports a proposal to establish a center for decarbonization. The center will create a framework through which stakeholders can coordinate and implement solutions that can help reduce CO2 emissions in shipping.
Singapore expects to have vaccinated more than 10,000 people from the front line of the maritime sector by the end of January.
Oil majors increasingly dominate the bunker market in Singapore, the world's biggest bunker port, shows a new list that ranks suppliers by size. The list is topped by an oil supermajor, while a Hin Leong subsidiary lost the most during the year.
28 banks in Singapore introduce a new code of best practices aimed at ensuring that banks can assess risks and other factors when they finance the city state's massive commodities market. This comes after several large oil trade scandals.
.jpg)
Over the weekend three ships were attacked in the eastbound part of the Singapore Strait. The attacks occurred close to each other and within six hours.
Singapore's Trade Minister Chan Chun Sing heralds several new initiatives aimed at restoring trust in the city state's scandal-stricken commodity market. New financial code of conduct is one of the measures.
PwC is looking for buyers for an unnamed "independent bunker fuel and lubricant supplier in Singapore" in an ad placed in local media in Singapore. The firm has already been appointed as temporary manager of crisis-stricken Ocean Bunkering.
The world's largest bunker port, Singapore, expects to see its bunker capacity for LNG hit 1 million tons in 2021, reports Reuters.
The founder of a major bunker company has been charged with having participated in a large-scale theft of oil from Shell's refinery in Singapore. A captain has previously received a multiple-year prison sentence in the case.
Singapore-based Keppel Corporation has presented a new strategy, which includes considerations about a sale or merger of its offshore and marine business.
Lim Oon Kuin, who founded bunker company Hin Leong, is now being hit with another fraud charge, according to Singapore police.
The founder of scandal-stricken Hin Leong Trading, Lim Oon Kuin, and his two children, are now being sued by accounting firm PwC, which is serving as judicial manager of the bunker company. The claim totals USD 3.5 billion, reports The Strait Times.
The Competition and Consumer Commission of Singapore previously voiced concerns about a South Korean yard merger, but the commission has now concluded that the merger will not harm competition.
Singapore's High Court has appointed a new management for four subsidiaries under the Lim family's company Xihe Holding. The court has thus complied with the wish of bank OCBC.
Singapore's investment company Temasek has surprisingly withdrawn a possible SGD 4 billion investment in the strained Keppel shipyard, which, in the second quarter, breached a key condition of an agreement.
Shareholders in Singapore's pride, the hard-strained Keppel Fels shipyard, will have to wait to find out whether the island state's investment company Temasek will become majority shareholder. Perhaps they are waiting for Sembcorp's decision to spin off its marine division. This will happen next week.
Several banks and an oil company have made claims on Hin Leong's oil cargoes, reports Reuters. There are doubts about the ownership, as Hin Leong has been seeking financing for cargoes that did not exist.
The alleged fraud at Singapore-based Hin Leong Trading has definitively killed off the oil trading company, which is seen as having no possibilities of an independent future, according to an accountant report, writes Reuters.
Shipbuilder Sembcorp Marine plans to raise SGD 2.1 billion from its owner and state-owned fund Temasek. The company is in financial trouble due to coronavirus and the oil collapse.
It is crucial that the cases concerning million dollar fraud at oil traders Hin Leong and Zenrock are handled by the book, says a maritime lawyer. He notes that Singapore's reputation as a state where everyone is equal under the rule of law is at stake.
Ocean Tankers, which is affiliated with crisis-stricken oil group Hin Leong Trading, has asked to be placed under judicial management, sources tell Reuters. On Tuesday a court will process an application from the tanker operator.
Vessel Manager in TORM 
Naval Architects x4 - South Coast UK 
Payroll Specialist to new crewing organisation in offshore wind - Cadeler 
Dry Cargo Brokers for Simpson Spence Young - Bidsted, Copenhagen 
