New Bunkering Firm Formed

April 24, 2001

A new Bunker Trading Company was established in Singapore in early April. The company is called United Bunkering & Trading (Asia) Pte. Ltd., and is backed by a major European investor. In the year 2000/2001, the total turnover reached $600 million. United Bunkering & Trading (Asia) Pte. Ltd., said it can handle supplies of bunker oil to ships throughout the world and also supply other naturally related products and services, like lubricants, crew change and agency service. United Bunkering & Trading (Asia) Pte. Ltd., is staffed by Daniel Cheong, Managing Director; Peter Chng, Bunker Trader; and Linda Lee, Secretary/Administration. The new company can be reached at Tel: +65 37 222 05; Fax: +65 32 470 08; E-mail: ubt@ubt.com.sg

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