Lam Tat Fei News

The Singapore Maritime and Port Authority (MPA) issued a news release stating that four persons are being charged with corrupt practices for conspiring to engage in illegal bunkering activity. The bunkering industry in Singapore is a lucrative business with more than 65,000 bunkering operations taking place here every year. In 2012, Singapore was the world's top bunkering port with bunker sales volume of more than 42 million metric tons (mt). With the present high bunker prices, there is a high temptation for opportunistic individuals to take advantage of the chances to reap large profits and pay-offs. Earlier this year, acting on information received of illegal bunkering activities…