Singapore Convicts Nine in Southernpec Bunker Fuel Theft Case
Nine people have been sentenced in Singapore to up to three years in jail for cheating buyers out of $337,000 worth of shipping fuel, authorities said in a joint statement on Thursday.The group was found guilty of using industrial strength magnets to tamper with measuring equipment known as Mass Flow Meter (MFM) on board bunker tankers owned by a unit of marine fuel services provider Southernpec (Singapore) Pte Ltd, said the Maritime and Port Authority of Singapore (MPA), the Singapore Police Force and the Attorney-General’s Chambers.The tampering on board bunker tankers Southernpec 6 and Southernpec 7 allowed the group to record a higher volume of sales than what was actually delivered.Investigations revealed that between December 2018 and April 2019…
MPA Conducts Ferry Evacuation Exercise To Test Emergency Preparedness
The Maritime and Port Authority of Singapore (MPA) held a half-day ferry evacuation exercise today to test the readiness of various agencies to respond to potential ferry mishaps in the Port of Singapore. More than 150 personnel from eight agencies and companies took part in this exercise, which included deployment of resources at sea at the Small Craft Anchorage for rescue operations and at Tanah Merah Ferry Terminal (TMFT), the landing point for ‘rescued’ passengers. To practise the ferry crew on the passenger management and evacuation drills at sea, the exercise scenario involved an inbound regional ferry which struck an object and had taken in water while en route to TMFT.
Fuel Scandal Sends Traders Scrambling, Investors Eye Lawsuits
Traders and shipping companies scrambled to source fuel and take over supply contracts on Friday after Danish marine fuel supplier OW Bunker said a suspected fraud at its Singapore subsidiary had pushed it to the brink of bankruptcy. The alleged fraud at Singapore-based subsidiary Dynamic Oil Trading is potentially one of the biggest financial market scandals to hit the city state since 2004, when China Aviation Oil (Singapore) ran up oil futures losses of $550 million. Some institutional and individual investors in Denmark said they were considering taking legal action against the firm.
Strong Support for Frost & Sullivan 'Trail Charity Run'
Held on 23 August 2014, Frost & Sullivan Singapore’s 9th edition of the ‘Frost the Trail’ run saw 165 teams, 95 individuals and over 750 runners gather at the MacRitchie Reservoir Park to run in support of the underprivileged. ‘Frost the Trail’ saw both avid and novice runners hitting the winding trails of MacRitchie in the cool morning air amidst lush greenery. Runners participated in one of two categories – the 5 km team race as well as the 10 km individual race. In total, Frost the Trail Singapore 2014 helped raised more than SGD140k, with 100% of proceeds going directly to this year’s adopted charity, Bright Hill Evergreen Home. Bright Hill Evergreen Home is a 250 bed, accredited, 100 per cent non-profit Nursing Home for the destitute and poor.
Chuan Hup Unit Secures Patrol Boat Contract
Chuan Hup Holdings Ltd.'s joint venture company Asia-Pac Geraldton Pte Ltd. secured a $11.9 million contract to build seven high-speed patrol boats for the Singapore Police Force (Coast Guard). The company had previously secured a $29.7 million contract to build 18 patrol boats and two command boats for the Singapore police in September 1997, with an option to buy up to another 21 boats. The police force has now exercised its option to buy another seven patrol boats.
