News on Singapore.

Singapore's floating storage of low-sulfur fuel grows

The world's biggest bunker port has spent the past few months boosting its floating storage of the new low-sulfur fuel. And for this reason, fears of fuel shortages as a result of the new sulfur requirements entering force in 2020 have subsided, assesses analyst.

Norden lays off 11 employees and outsources tasks

Shipping company Norden dismisses 11 employees, who are losing their jobs because technical operation of the company's dry bulk ships is being outsourced to a Singapore-based operation. This happens as a part of Norden's strategy to shift its business toward buying and selling dry bulk vessels.

Singapore reports all bunker barges ready for 2020

All 199 bunker barges in Singapore have been fitted with mass flow meters and are ready to deliver different fuel types starting at the turn of the year, says the Maritime and Port Authority of Singapore.

Singapore melder bunkerskibe klar til 2020

Alle 199 bunkerskibe i Singapore har fået installere masseflowmetre og er klar til at levere flere forskellige typer brændstof fra årsskiftet. Det meddeler landets maritime myndigheder.

Sembcorp Marine's revenue drops in first half of the year

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.

Bunkerselskabs formand erklæret konkurs

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.

Britannia bags Singapore underwriter license

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.

This week's top stories on ShippingWatch

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.

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