Multi Service Agreement with DSTA Singapore

Wednesday, December 02, 2009

Multi Service announced the successful execution of a long term bunker fuel and services procurement agreement with the Defence Science and Technology Agency (DSTA) of The Republic of Singapore.
 
The agreement allows bunker suppliers on the Multi Service bunker network to provide competitive tenders on marine fuel and chandlering services for the DSTA through the company’s web-based bunker procurement solution, altivis.
 
“Primarily, the Singapore navy operates in the Asia Pacific region,” said Colin Wills, Business Development Representative for the Marine division of Multi Service Government Programs. “Our network of bunker suppliers in this region is strong and continues to grow. This puts the Government of Singapore in position to acquire competitive pricing from a collection of suppliers who would otherwise find it difficult to quote efficiently.”
 
According to the agreement, Multi Service will process and reconcile all transactions with bunker suppliers directly including payment of suppliers. Since finalizing the contract in July,Multi Service has already successfully completed transactions in Indonesia and Australia on behalf of the DSTA with further business expected in Q4 2009 and the years to come. Suppliers on the network choose on which bunker RFPs they would like to bid and have the option of standard or fast payment terms from Multi Service.

(www.altivis.com)
 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Havyard to Build Hybrid Battery Arctic PSV

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1006 sec (10 req/sec)