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Keppel Imports First LNG Cargo from North America
The gas unit of Singaporean conglomerate Keppel Corporation has completed the first import of LNG under Singapore’s Spot Import Policy, which allows up to 10% of Singapore’s total long term contracted...
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Floating Storage in Strait of Malacca Soars Ahead of IMO 2020
By Serene Cheong and Alfred Cang (Bloomberg) — The world’s biggest offshore oil supermarket is stocking up for anti-pollution rules that Goldman Sachs Group Inc. predicts will upend energy markets. The...
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Singapore Suspends Bunker Craft License of Inter-Pacific Petroleum
By Roslan Khasawneh SINGAPORE, June 28 (Reuters) – Singapore’s Maritime Port Authority (MPA) has suspended the bunker craft operator licence of Inter-Pacific Petroleum Pte Ltd, the MPA said in a...
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Singapore Fuel Inventories Fall Ahead of IMO 2020
By Roslan Khasawneh SINGAPORE, July 18 (Reuters) – Oil product inventories in the Singapore storage and trading hub fell to an eight-month low in the week ended July 17, official data showed, in one of...
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Asia’s Demand for Low-Sulphur Fuel Drives Hydrogen Gas Consumption
By Florence Tan and Shu Zhang SINGAPORE, Aug 27 (Reuters) – Asia’s hydrogen gas demand will rise as the region’s oil refineries use the gas to produce low-sulphur fuel to meet new environmental...
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Number of Major Shipping Accidents Down at Port of Singapore
The number of major ship accidents in the Port of Singapore has fallen significantly over the last decade, with little over one major incident per one million vessel movements, the Maritime and Port...
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New Low-Sulphur Marine Fuel Trade Begins in Singapore
By Roslan Khasawneh SINGAPORE, Sept 25 (Reuters) – S&P Global Platts on Wednesday reported the first physical cargo trade for low-sulphur fuel oil (LSFO) with a maximum 0.5% sulphur content in...
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Singapore Stockpiles Boatloads of 2020-Compliant Fuel
By Roslan Khasawneh SINGAPORE, Oct 3 (Reuters) – Singapore stockpiles of low sulphur marine fuels held in floating storage are swelling ahead of a 2020 global deadline for rules that are said to mark...
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COSCO Unit’s Tanker Delivers Oil to Exxon in Singapore
By Florence Tan and Shu Zhang SINGAPORE, Oct 10 (Reuters) – A supertanker owned by a subsidiary of COSCO Shipping Tanker (Dalian), under U.S. sanctions for allegedly transporting Iranian oil, has...
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Floating Storage of 2020-Compliant Fuel Builds Off Singapore
By Roslan Khasawneh SINGAPORE, Oct 25 (Reuters) – Stockpiles of low-sulphur marine fuels held in floating storage around the Singapore trading and pricing hub are steadily growing ahead of a 2020...
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Singapore Pushes Shipping to Adopt Cleaner Fuels
By Roslan Khasawneh SINGAPORE, Nov 8 (Reuters) – Singapore is pushing the shipping industry to use cleaner fuels such as liquefied natural gas (LNG) in a bid to reduce the city state’s carbon...
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Singapore Jails Tanker Captain in Shell Oil Heist
SINGAPORE, Dec 20 (Reuters) – The captain of a Vietnamese oil tanker has been jailed for over five years in Singapore for his role in a scheme that saw around $150 million of oil stolen from Shell’s...
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Piracy Along Malacca-Singapore Straits Jumps Nearly Fourfold
By Ann Koh (Bloomberg) –Piracy has surged this year along Southeast Asia’s straits of Malacca and Singapore, one of the world’s busiest trade routes, according to a watch group that tracks maritime...
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PetroChina Tops Singapore’s Shrinking List of 2019 Marine Fuel Suppliers
By Roslan Khasawneh SINGAPORE, Jan 29 (Reuters) – PetroChina’s Singapore bunkering unit moved up a notch to be the top marine fuel supplier in the world’s biggest ship refuelling hub in 2019, official...
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Singapore Oil Trader Hin Leong Failed to Declare $800 Million Losses
Fabled Singapore oil trader Hin Leong hid about $800 million in losses racked up in futures trading on the orders of its founder Lim Oon Kuin, suggesting a much bigger hole in the company’s finances...
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Singapore Reports ‘High Degree’ of Compliance with IMO 2020
The Port Authority of Singapore has reported a ‘high degree’ of compliance with new a international law limiting the sulphur content of fuel used by ships. In the first quarter of 2020, about 96% of...
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New Breed of Gas Ships Emerges to Capture Growing Markets
By Anna Shiryaevskaya (Bloomberg) –The new Saga Dawn liquefied natural gas tanker shuttling between Singapore and Humen in eastern China is a sign that the fastest-growing fossil fuel is permeating...
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Ocean Tankers Seeks To Reclaim $19 Million From Lim Family
by Jessica Jaganathan (Reuters) – The court-appointed manager of Singapore Ocean Tankers is seeking to reclaim about $19 million from the Lim family directors of the firm, who allegedly transferred the...
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Head of Singapore’s Biggest Marine Fuel Supplier Charged in Shell Oil Heist Case
SINGAPORE, Oct 2 (Reuters) – The founder of one of Singapore’s biggest marine fuel suppliers has been charged for his involvement in a large-scale oil theft from Shell’s refinery in the city-state,...
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Singapore’s Cruises to Nowhere to Set Sail in November
By Kyunghee Park (Bloomberg) –Two cruise ships will start sailing from Singapore from next month into the open seas and back as the city-state aims to give residents some outlet for their wanderlust...
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