News on Singapore.
Singapore-based engineering group Sembcorp Marine finished the first half of 2019 with a declining revenue, although its net deficit was reduced. The group remains plagued by a highly competitive market, which still holds little prospect for a lasting recovery.
Singapore's port authority continues its efforts to eliminate bunker fraud. Now, yet another company has lost its license to operate in the port, writes Reuters.
A bunker company has lost its license to supply ship fuel in Singapore. This happens following the country's maritime authority discovering that the company was using a powerful magnet to bypass mass flow meters.
Residue from scrubbers are be included on Singapore's official list of toxic industrial waste, warns the MPA. This means that shipping companies must pay to get rid of residue in the major port.
Myndighederne i i Singapore advarer rederierne om, at restaffald er på den officielle liste over giftigt industrielt affald. Det betyder, at rederier skal betale for at slippe af med restaffaldet i storhavnen. Rettet.
Singapore's GIC fund is investing in the terminal operator TIL, most of which is owned by MSC.
Shipyard Sembcorp Marine declined in a first quarter in which earnings from offshore projects were lower. The Singapore-based yard is seeing bright spots in the shipping and oil markets, however.
Formanden i Brightoil Petroleum har forladt posten, efter at en domstol har erklæret ham konkurs. Den nu tidligere formand hæfter personligt for en mindre del af gælden i det kriseramte selskab i Singapore.
Since 2010, the number of bunker suppliers in the Port of Singapore has dropped from 80 to 50 companies, reports industry media Ship & Bunker.
Two cities stand out significantly in a new comprehensive survey about which maritime hubs are best at attracting the talents of the future. "Copenhagen has really made a big pull," CEO Mark Charman of recruitment firm Faststream tells ShippingWatch.
What keeps the shipping industry from being a sustainable business? Financially, but perhaps also in terms of the climate. The answer comes from someone who, if anyone, knows the industry, and knows what drives it.
Shipowners and captains who violate the upcoming global sulfur regulations in Singapore waters could face prison sentences of up to two years, says the country's Maritime and Port Authority.
ExxonMobil makes multi-billon dollars investment in its refinery fecilities in Singapore to be able to deliver even more low-sulfur fuel, the company informs.
Hafnia Management will open a new bunker office in Singapore, which will service the Hafnia pool's shipping company with fuel. The move is due in part to Hafnia Tankers' merger with BW Tankers.
A powerful magnet taped to a mass flow meter may have been used to trick the scales in relation to bunker deliveries in Singapore, warns an inspection company.
Authorities in Singapore have given the UK-based P&I club license to underwrite insurances in the island state. The license comes shortly after the company received a similar license in Hong Kong.
Hin Leong's bunker division was the largest bunker supplier in Singapore for 2018, while Maersk oil trading saw the largest boost.
The collapse of Hamburg carrier Hansa Heavy Lift, the bunker sector in Singapore, Maersk's credit rating downgrade as well as a temperature reading of the tanker and dry bulk markets were some of ShippingWatch's big stories this week.
Bad news keeps emerging from the strained bunker sector, in which bunker company Coastal Oil Singapore, a local player in the world's largest bunker port, is now in the process of being liquidated.
The Port of Singapore looks set to reach a record level for container trade in 2018, reports Seatrade.
Chinese port Zhoushan is much smaller than Singapore in terms of bunker deliveries, but the port has big plans to challenge the world's biggest bunker port, reports Reuters.
The sale of bunkers in the world's top bunkering port, Singapore, will be stable next year despite new regulations and the fact that several suppliers have left the market, reports Platts.
The next big gathering of shipping leaders in the Global Maritime Forum will take place in Singapore.
More ports will ban open-loop scrubbers, project Torm and DHT Holdings after the news that Singapore will ban ships from using open-loop systems in the port's area.
Who actually picks up the phone if you ask for the Head of Danish carrier Norden's office in Singapore? ShippingWatch has met one of the five people that make up the collective management team. Norden has now extended the concept.
Chartering Manager at Ultrabulk
Communications and press consultant
Crewing Officer - Uni-Tankers
Business developer who is passionate about developing maritime companies - LIVA consult
LEGAL COUNSEL to the fastest growing Danish Shipping Company - Celsius Shipping
