News on Singapore.
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.
It will be illegal to use open-loop scrubbers in one of the key ports in the world. Singapore's Maritime and Port Authority will from Jan. 1, 2020 ban use of the technology.
Shipbuilders in Singapore note severe pressure from competitors backed by state support schemes and billions of dollars in subsidies. ShippingWatch has asked how two of the biggest yards handle the competition scenario.
Taking the pulse of Singapore's offshore industry, local yard Keppel Offshore & Marine gives the best picture of the market. After three years of downturn, optimism is now beginning to emerge again.
One year after the opening of an office in Singapore, bulk operator Baltnav has doubled the expected number of vessels on the books. Partners Michael Bonderup and Martin Sato clarify the company's status in an interview with ShippingWatch.
In order to avoid being hit with compensation or damage claims after supplying bad bunker, several suppliers in Singapore have allegedly started to tinker with bunker delivery contracts.
Worries of an impending supply crunch is gripping Singapore, the world's top ship fuel market, so tightly that even an upcoming injection from the west could do little to ease worries.
News of bad bunker findings in Singapore is on the one hand trivial, because it is hardly the first time such has occurred in the shipping industry. On the other hand, it could be an indication of something much bigger, sources say.
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