Marine Link
Tuesday, October 17, 2017

Bunker Supplier News

Universal Energy Faces Millions in Claims

Universal Energy entered voluntary liquidation on Oct 3, tightening credit in Singapore's bunker fuel market. Shipping fuel suppliers are filing millions of dollars in claims over unpaid marine fuel bills against now defunct Singapore-based peer Universal Energy, formerly one of the city state's largest bunker suppliers but which has now entered liquidation. Universal Energy, ranked as Singapore's third-largest bunker fuel supplier by volume in 2016, had its shipping fuel licences revoked by the Maritime and Port Authority (MPA) in August for actions that could give a false impression of how much fuel it was delivering to buyers. Overall creditor claims against Universal Energy - which went into voluntary liquidation on Oct.

Singapore Cancels Two Bunker Supplier Licences

File picture

The Maritime and Port Authority of Singapore (MPA) states it has cancelled the bunker supplier licences of Excel Petroleum Enterprise Pte Ltd and Lian Hoe Leong & Brothers Pte Ltd with effect from 15 January 2014 for contravening the terms and conditions of the bunkering licences. Both companies were found to have breached Clause 3 of the terms and conditions of the Bunkering Licence (Bunker Supplier) by allowing other companies to use their Bunker Delivery Notes to supply bunkers.

Unlicensed Bunker Supplier Charged in Singapore

Progressive Power Co Pte Ltd pleaded guilty in court on May 20, 2014 to five charges for supplying bunkers on five occasions in the Port of Singapore without a valid bunker supplier license issued by the Maritime and Port Authority of Singapore (MPA), as required under Regulation 64(a) of MPA Port Regulations and committed an offence punishable under Regulation 78(b) of the said Regulations. Another 10 charges were taken into consideration. MPA had brought charges against Progressive Power Co Pte Ltd, for delivering bunkers on eight occasions as a bunker craft operator between March 17, 2013 and July 5, 2013, and for supplying bunkers on seven occasions as a bunker supplier between October 11, 2012 and January 22, 2013.

Two Bunker Suppliers' Licenses Revoked

The Maritime and Port Authority of Singapore (MPA) cancelled the bunker supplier licenses of Excel Petroleum Enterprise Pte. Ltd. and Lian Hoe Leong & Brothers Pte. Ltd. with effect from January 15, 2014 for contravening the terms and conditions of the bunkering licenses. Both companies were found to have breached Clause 3 of the terms and conditions of the Bunkering Licence (Bunker Supplier) by allowing other companies to use their Bunker Delivery Notes to supply bunkers. With the cancellation of their bunker supplier licenses, Excel Petroleum Enterprise Pte. Ltd. and Lian Hoe Leong & Brothers Pte. Ltd. will no longer be allowed to operate as bunker suppliers in the Port of Singapore.

MPA Cancels Coteam Petroleum Bunker License

The Maritime and Port Authority of Singapore (MPA) cancelled the bunker supplier and bunker craft operator licenses that were issued to Coteam Petroleum Trading Pte Ltd with effect from April 1, 2014 as they contravened the terms and conditions of the bunkering licenses, GAC reported. Coteam Petroleum was found to have breached Clause 3 of the terms and conditions of the Bunkering License (Bunker Supplier) by allowing other companies to use their Bunker Delivery Notes to supply bunkers. They were also found to have breached Clause 31 of the terms and conditions of the Bunkering License (Bunker Craft Operator) for delivering bunkers on behalf of an unlicensed company to customers of that company.

Singapore Revokes Two Bunker Licenses

Photo: Vermont UM Bunkering

Singapore's Maritime and Port Authority (MPA) have revoked two bunker suppliers' license to operate in the world's top bunker port. The two companies have, according to the authority, violated the terms and conditions for bunker activities in the port. Singapore-based Seaquest Tanker and Vermont UM Bunkering have had their licences nullified and will not be allowed to operate as bunker suppliers and bunker craft operators in the port of Singapore, with effect from April 26 and 27, the MPA said.

Singapore to Provide Financial Assistance to Bunker Suppliers

The Singapore Maritime and Port Authority (MPA) issued a Port Marine Circular

MPA Suspends Licenses of Coastal Bunkering Services

The Maritime and Port Authority of Singapore (MPA) has suspended the bunkering licenses of Coastal Bunkering Services Pte Ltd to operate as a bunker supplier and a bunker craft operator with immediate effective today. This follows the conviction of five bunker surveyors on May 24 for accepting bribes from Coastal Bunkering Services. With the suspension, Coastal Bunkering Services is disallowed from operating as a bunker supplier and/or bunker craft operator in the Port of Singapore.

Singapore Revokes Two Bunker Licenses

Two companies are no longer allowed to operate as bunker suppliers and bunker craft operators in the Port of Singapore. The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licenses of Hong Fatt Oil Trading Pte Ltd and Tankoil Marine Services Pte Ltd with effect from February 9, 2015. According to MPA, routine checks were conducted last year on Hong Fatt Oil Trading and Tankoil Marine Services as part of an ongoing regulatory effort to ensure the safety, reliability and quality of the nation’s bunker supplies. MPA said separate investigations into the two companies revealed discrepancies and wrongful declarations in the records kept on board their bunker tankers.

Invoicing Error Lays Massive Bill on Shipbroker

Photo: ITIC

ITIC revealed how an invoicing error led to a shipbroker being asked to foot the bill for a bunker supply amounting to more than three-quarters of a million dollars. In its latest Claims Review, ITIC cites the case of a chartering broker which arranged a fixture for a voyage from the Black Sea to Singapore. The recap showed the identity of both the registered owner and the disponent owner with whom the negotiations had been concluded. The disponent owner asked the broker to arrange the purchase of bunkers, and an order was placed with a supplier. The cost of the bunkers was $777,278.

MPA Revokes Bunker Supplier Licences of AC Oil

Pic by Maritime and Port Authority of Singapore

The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of AC Oil Pte Ltd with effect from 29 July 2016. AC Oil Pte Ltd will no longer be allowed to operate as a bunker supplier or bunker craft operator in the Port of Singapore. As part of MPA’s on-going regulatory efforts to ensure the safety, reliability and quality of bunker supplies in Singapore, checks were conducted on AC Oil Pte Ltd in May and June 2016. MPA’s…

Singapore Revokes licenses of 2 Bunker Suppliers

The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of Hong Fatt Oil Trading Pte Ltd and Tankoil Marine Services Pte Ltd with effect from 9 February 2015. The two companies are no longer allowed to operate as bunker suppliers and bunker craft operators in the Port of Singapore. As part of MPA's ongoing regulatory efforts to ensure the safety, reliability and quality of bunker supplies in Singapore, routine checks were conducted last year on Hong Fatt Oil Trading Pte Ltd and Tankoil Marine Services Pte Ltd. MPA's separate investigations into the two companies revealed discrepancies and wrongful declarations in the records kept on board their bunker tankers.

BIMCO launches the Bunker Non-Lien Clause

BIMCO has today launched the Bunker Non-Lien Clause, aimed at reducing bunker suppliers’ reliance on ship arrest as a means of resolving claims for bunkers ordered but not paid for by time charterers, often due to bankruptcy. If a time charterer goes out of business during the currency of a charter,  owners can sometimes face a “double whammy” of loss of hire for the balance of the contract and then subsequent arrest of their vessel by bunker suppliers pursuing a claim for unpaid bunkers. Bunker suppliers are able to arrest a vessel (in some, but not all jurisdictions) by enforcing a right of lien or retention over the bunkers for the money they are owed, even though the owners, under a time charter, are not a party to the bunker supply contract.

Singapore MPA Wants LNG Bunkering Options

Singapore's Maritime Port Authority is seeking proposals on liquefied natural gas bunker supplies as it shifts away from fossil fuels towards gas while trying to maintain its role as the world's top bunkering hub. The move to issue bunker supplier licences to the gas sector complements the city-state's push to profile itself as an LNG hub and is a step towards meeting its own deadline of supplying LNG fuel to ships by 2020. "The bunkering industry is an important and integral part of Singapore's global hub port," the port said in a statement on Tuesday. Applicants have to submit proposals by Sept. 30 detailing the bunkering supply and delivery model, their LNG sources and marketing plans for the sale of LNG to customers in the port, the statement added.

Singapore MPA Fines Bunker Firm

JL Petroleum Pte Ltd has been fined by Singapore after pleading guilty in court to supplying marine fuel in the world's top bunkering hub without a valid license, the Maritime and Port Authority of Singapore (MPA) said in a statement on Wednesday. MPA had brought charges against JL Petroleum for supplying marine fuel, also known as bunker, on 14 occasions between June 2 and June 25 in 2013, it said. JL Petroleum executives were not immediately available to comment. All bunker suppliers operating in the Port of Singapore have to obtain a license from the MPA. There are currently 59 licensed bunker suppliers in Singapore, down from around 65 suppliers last year, according to the MPA website. Reporting By Jane Xie

Multi Service Agreement with DSTA Singapore

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.

Singapore’s New Standards in Bunkering

SPRING and the Maritime and Port Authority of Singapore launch the first standard in the world for both bunker suppliers and surveyors. SPRING Singapore and the Maritime and Port Authority of Singapore (MPA) have launched a new standard, the Singapore Standard SS 600: 2008 – Code of Practice for Bunkering, to further enhance consistency in practices in the delivery of bunkers for ships calling at Singapore’s port. The launch of this national standard for bunker suppliers and surveyors – a first in the world – was announced by Mr. Raymond Lim, Minister for Transport and Second Minister for Foreign Affairs, at the Singapore International Bunkering Conference (SIBCON 2008).

Singapore’s New Standards in Bunkering

SPRING and the Maritime and Port Authority of Singapore launch the first standard in the world for both bunker suppliers and surveyors. SPRING Singapore and the Maritime and Port Authority of Singapore (MPA) have launched a new standard, the Singapore Standard SS 600: 2008 – Code of Practice for Bunkering, to further enhance consistency in practices in the delivery of bunkers for ships calling at Singapore’s port. The launch of this national standard for bunker suppliers and surveyors – a first in the world – was announced by Mr. Raymond Lim, Minister for Transport and Second Minister for Foreign Affairs, at the Singapore International Bunkering Conference (SIBCON 2008).

Singapore Establishes New Bunker Standards

Singapore’s bunkering industry will receive a boost with the implementation of a new national standard. As of June 1, 2007, all bunker suppliers in Singapore are required to be certified in accordance with the new Singapore Standard on Quality Management for Bunker Supply Chain (SS 524:2006), in order to renew their bunkering licenses. This was announced by Lim Hwee Hua, Minister of State for Finance and Transport at the opening of the 14th Singapore International Bunkering Conference (SIBCON 2006).

Singapore Initiatives to Enhance Bunker Quality

Singapore bunkering conference informed by Minister of Transport of recent measures taken to improve bunkering in the port. Minister for Transport, Mr Lui Tuck Yew, presided over the opening ceremony of the 17th Singapore International Bunkering Conference and Exhibition (SIBCON) and during the opening announced the introduction of an information sheet on licensed bunker suppliers and an industry guide for the use of mass flow metering system. Minister Lui said that MPA will publish an information sheet on licensed bunker suppliers in the Port of Singapore in its efforts to allow shipowners to make more informed decisions in appointing bunker suppliers.

IBIA Urges Bunker Suppliers to Adopt ISO Fuel Specs

Bunker file photo

In a bid to improve bunker quality across the marine fuel supply chain, the International Bunker Industry Association (IBIA) informs that it has called on marine fuel suppliers to adopt the ISO 2010 specifications for bunkers. Despite having been introduced four years ago to improve bunker standards, it is estimated that only a quarter of bunker suppliers are currently supplying in accordance with the 2010 specifications. “ECO vessels are now entering the market equipped with engines which are more sensitive than vessels have ever had before.

MPA Fines Unlicensed Bunker Supplier

Image: Maritime and Port Authority of Singapore

The Maritime and Port Authority of Singapore (MPA) has fined JL Petroleum for supplying marine fuel in the world’s largest bunkering hub without a valid license. In an announcement on Wednesday, MPA said it brought charges against JL Petroleum for selling bunkers on 14 occasions between 2-25 June 2013. Additionally, the company used Bunker Delivery Notes belonging to licensed supplier Excel Petroleum Enterprise for its deliveries. MPA had cancelled Excel Petroleum’s bunker supplier licence on 15 January 2014 for the company’s involvement in this case…

New Bunkering Procedures in Singapore

A pic from LNG Bunkering Roundtable. Photo: MPA

The Standard Club has quoted a  a circular earlier this year by the Maritime and Port Authority of Singapore (MPA) for the mandatory use of the mass flow metering (MFM) system for marine fuel oil (MFO) deliveries in Singapore with effect from 1 January 2017. The circular covers the set of core requirements for metering system qualification, installation, testing, procedures and documentation for MFO deliveries via the MFM system in the port of Singapore. From 1 June 2016, all bunker suppliers…

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