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CEO: New bunker requirements will break suppliers

The world's largest bunker supplier predicts that several countries will go out of business in Singapore when the port introduces mandatory use of mass flow meters, according to Maritime CEO.

Photo: Insatech

Numerous smaller players will struggle to comply with the plan to introduce mandatory use of mass flow meters in Singapore from 2017, says Lim Teck Cheng, CEO of the world's largest bunker supplier Hong Lam Marine.

Singapore is the world's largest bunker hub, and the authorities have decided to introduce mass flow meters, starting in 2017, in order to protect carriers from bunker fraud and to ensure that they get the amount of fuel they pay for.

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