Bunker company loses license in Singapore after magnet fraud

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.

Marine surveyor Petro Inspect has previously published photos which, according to the company, indicates that a powerful magnet has been used to disrupt a mass flow meter in Singapore. Photo: Petro Inspect

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