News on Singapore.

Shell ramt af omfattende olietyveri i Singapore

Olieselskabet Shell er blevet udsat for et omfattende tyveri af olie fra sit raffinaderi i Singapore. Flere personer er blevet anholdt og sigtet, herunder tidligere ansatte på raffinaderi. Samtidig er et stort dollarbeløb blevet konfiskeret.

Correction: Bunker companies leaving Singapore

This is a new version replacing the original article about the bunker industry in Singapore in the wake of the introduction of flow meters January 1 this year. It is stressed that commercial reasons are behind bunker company Aegean's decision to exit the port as physical supplier, and that it cannot be linked to the struggle against bunker fraud. ShippingWatch apologizes to Aegean and our readers for the misunderstandings the original article may have caused.

Fewer floating oil storages off Singapore

There are now far fewer tanker vessels floating off the coast of Singapore serving as floating oil storages, and volumes have dropped to the lowest level since 2016, reports Bloomberg.

Offshore crisis hits Singapore companies yet again

Ezion, another one of Singapore's offshore companies, has filed for insolvency, and trading of the company's shares has been suspended. Shipping service company Marco Polo's shares have been suspended since May, and the company's latest interim report does not bode well for the future.

IBIA pleased with penalty for bunker company in Singapore

The International Bunker Industry Association praises the Maritime and Port Authority of Singapore for suspending violators from the major bunkering port, and the association is working with Singaporean players to close loopholes associated with bunker fraud.

Media: LPG cargo piling up off of Singapore

Several vessels loaded with LPG cargoes are idle off the coast of Singapore, waiting for better prices on the liquefied petroleum gas. However, the situation is not as severe as last year, writes Reuters.

Lauritzen managers to establish Baltnav in Singapore

Two managers from J. Lauritzen's office in Singapore have switched to competitor Baltnav, which is set to open an office there in early September this year. This marks the latest in a series of changes in J. Lauritzen's organisation.

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