Singapore Charges Defunct Bunker Supplier, Staff
A Singapore marine fuel supplier and three executives have been charged with cheating as part of a government crackdown on short deliveries of fuel to vessels in the world's largest bunkering hub. Vermont UM Bunkering Pte Ltd, two directors and a former bunker manager were charged with 150 counts of conspiracy to charge customers for more marine fuels - also known as bunkers - than actually delivered, the Corrupt Practices Investigation Bureau (CPIB) said in a statement. "Through these alleged fraudulent transactions, Vermont Bunkering had dishonestly induced its customers to make excess payments totalling over $8 million," the statement said.
MPA Introduces Service Enhancements and Training
More than 4,600 ships flying the Singapore flag will benefit from service enhancements to be introduced from November 2017 by the Maritime and Port Authority of Singapore (MPA). Singapore-incorporated maritime companies will also receive assistance in the form of training on sustainability reporting. These initiatives were announced by Chief Executive of MPA, Mr Andrew Tan, at the Singapore Registry of Ships (SRS) Forum. Themed "Innovation in Challenging Times", this year's SRS…
Heidmar Names New CEO
Norwalk-headquartered tanker operator Heidmar has appointed James Pippard as its new Chief Executive Officer. James will oversee the global footprint of the Company's five Pools, with offices in Norwalk, CT, London and Singapore. James is a respected and successful figure in the tanker shipping industry and during his 25 years at Teekay, he has worked in a variety of commercial management roles in Houston, Vancouver, London and Singapore and will be blending his experience into Heidmar’s pooling business to create value for its partners and customers.
Singapore to Hong Kong: Give us back our troop carriers
Singapore welcomes Hong Kong pledge on handling of dispute. Singapore's defence minister on Monday said the nine armoured vehicles seized in Hong Kong could not be detained or confiscated, but that he welcomed Hong Kong's pledge for the dispute to be handled in line with its laws. Hong Kong customs seized the troop carriers in November as they were being shipped to Singapore from Taiwan after military exercises on the island that Beijing regards as a breakaway province, sparking tension between Singapore and China. Beijing, which regained sovereignty over the former British colony of Hong Kong in 1997, then warned countries against maintaining military ties with Taiwan. The vehicles were Singapore property, said Singapore Defence Minister Ng Eng Hen, answering questions in parliament.
OOCL Introduces China Pakistan Express 3
Following its announcement of the China Pakistan Express 2 (CPX2) last week, Orient Overseas Container Line Limited (OOCL) is all set to introduce the China Pakistan Express 3 (CPX3), another new Intra-Asia service to expand its product portfolio by providing a more comprehensive service network connecting the markets of India and Pakistan. The CPX3 provides additional sailing frequency from Central China to Mundra and strategically expands its service coverage in Pakistan. "Together with the CPX2…
Singapore's Second Cruise Terminal Set to Welcome First Ship
The 28,000-square-meter terminal, which was built at a cost of 500 million Singapore dollars (400 million U.S. dollars) and operated by the SATS-Creuers Cruise Services, will effectively double Singapore's berth capacity. The terminal has the capability to dock ships of up to 220,000 gross register tonnage (GRT) and measuring up to 360 meters in length with a hull draft of up to 11.5 meters. It also has a spacious arrival and departure hall comprising 80 check-in counters and up to 40 immigration counters…
US Navy Rolls out New Measures after Deadly Collisions
The U.S. Navy has introduced new measures aimed at avoiding a repeat of two deadly crashes in the Asia Pacific region involving its warships and commercial vessels following a review of its practices, the Seventh Fleet commander said on Monday. Vice Admiral Phillip Sawyer’s comments come after a U.S. guided-missile destroyer was slightly damaged at the weekend when a Japanese tug drifted into it during a towing exercise off central Japan, the latest incident in the Pacific this year involving ships from the fleet. The U.S.
VPS Expands Lubricant Oil Condition Monitoring Services
The marine fuels testing company Veritas Petroleum Services (VPS) announced the latest expansion of the company’s lubricant oil condition monitoring (OCM) service. In the company’s continuous drive to offer its customers a widening range of technically advanced, value-added services, VPS have made a significant financial investment to equip their Rotterdam Laboratory with the very latest analytical technology, automation and robotics for the testing of lubricants. The introduction of such advanced equipment and systems…
Fincantieri to Delist Vard
Italian shipbuilder Fincantieri has proposed to seek the privatization of Vard Holdings via a voluntary delisting from the Singapore Exchange Securities Trading Limited (SGX-ST). Fincantieri, which holds a 79.34 per cent stake in Vard through a subsidiary Fincantieri Oil & Gas, is now offering 25 Singapore cent per for every share it does not own, one cent more than its previous offer, which closed in January. "Under the Exit Offer, Fincantieri O&G will offer the shareholders of Vard SGD 0.25 in cash for each Vard share tendered in acceptance of the Exit Offer…
Singapore Revokes Transocean Oil's Bunker License
The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of Transocean Oil Pte Ltd, with effect from 6 November 2017. Transocean will no longer be allowed to operate as bunker supplier and bunker craft operator in the Port of Singapore. As part of MPA’s ongoing regulatory efforts to ensure the integrity of bunkering in Singapore, checks were conducted on Transocean in March and April this year. MPA’s investigations revealed…
Singapore Delays LNG Terminal Completion
According to a recent Reuters report, the Singapore government will take over development of its first $1 billion liquefied natural gas (LNG) terminal from a consortium to avoid more delays due to the credit crunch. The PowerGas-led consortium, in which GDF had a 30 percent stake, had been due to make its final investment decision this month for the project. The LNG’s completion was deferred by a year, from 2012 to 2013, making it the latest of several Singapore projects to be delayed due to the financial crisis.
Aegean Becomes Fourth Bunker Supplier to Exit Singapore
Aegean Bunkering Pte Ltd will halt physical supply operations in Singapore by January, the company said, becoming the fourth such firm to exit the world’s largest marine refuelling hub after it adopted tougher bunkering procedures this year. Since adopting mass flow meters (MFM) to streamline operations on marine refuelling, or bunkering, barges at the start of 2017, suppliers in Singapore have seen margins squeezed and competition surge in the battle for market share. “2017 has seen heightened commercial pressures in Singapore, and as a result, management has determined that Aegean’s resources can be more profitably deployed elsewhere,” its president, Jonathan Mcilroy, said in a statement on Tuesday.
MOL's Coal Carrier NAGARA MARU to Serve JERA Trading
Mitsui O.S.K. Lines (MOL) announced the delivery of the coal carrier NAGARA MARU, which will serve Singapore-based JERA Trading, was delivered at Imari Shipyard and Works of Namura Shipbuilding on November 17, 2017. The vessel, which was jointly developed by Namura Shipbuilding and MOL, is a state-of-the-art coal carrier with a wide-beam/shallow-draft configuration and wide range of advanced safety and energy-saving features. The vessel is so-called "Hekinan MAX" which has characteristic 250 meters length to maximize transport volume to the discharging port…
Singapore Revokes Transocean Oil's Bunker Licence
Singapore's Maritime and Port Authority (MPA) said on Monday it had revoked Transocean Oil's bunker fuel supply licence in the Port of Singapore, effective immediately. MPA said it had conducted checks on Transocean in March and April as part its efforts to ensure the integrity of bunkering operations at the port and found "falsifications of records and discrepancies in the stock movement logbooks on board the bunker tankers" operated by the company. Transocean Oil, which was formed in 2003 and operates a fleet of thirteen bunkering barges, according to its website, was not immediately available to comment. It sold a monthly average of around 200,000 tonnes of bunker fuel in 2013. Reporting by Roslan Khasawneh
Who Certifies Ships?
Under International Maritime Organization (IMO) treaties, ships can be surveyed and certified either by officers of the relevant flag State, or by Recognized Organizations (ROs) acting on behalf of them. As part of this process, countries delegating surveys and certification to ROs need to recognize, authorize and monitor these Organizations, which is the subject of a regional IMO workshop (Regional Workshop on Assessing, Authorizing and Monitoring Recognized Organizations) taking place in Abu Dhabi, United Arab Emirates (31 October – 2 November).
Jurong Port, NTU Pursue Alternative Energy Research
Jurong Port and Nanyang Technological University, Singapore inked an MoU at the Singapore Maritime Institute (SMI) Forum 2017 today to jointly pursue R&D in areas such as Smart Multi-Energy Systems, Alternative Energy Source Applications and Environmental Monitoring Solutions. The MoU signing was witnessed by Dr Lam Pin Min, Senior Minister of State for Transport and Health. The MoU, covering a period of five years, will have both parties jointly: (a) Conduct research projects and testbed solutions as part of Jurong Port’s Living Lab programme.
Asian Floating Storage Declines as Crude Market Tightens
Strong demand is tightening the market but rising US output could sap efforts to rebalance market. The amount of oil stored on tankers around Singapore has dropped sharply in the last months, the latest indication that OPEC-led supply cuts are successfully tightening crude markets even as U.S. exports have soared. Shipping data in Thomson Reuters Eikon shows around 15 super-tankers are currently filled with oil in waters off Singapore and western Malaysia, storing around 30 million barrels of crude.
USS Coronado Departs Singapore
The littoral combat ship USS Coronado (LCS 4) departed Singapore Nov. 4 after completing a 14-month rotational deployment to Southeast Asia. During the deployment, the ship and crew operated with navies of 16 partner nations, participated in 11 multilateral and bilateral exercises, and made 10 strategic port visits across the region. "The rotational deployment of USS Coronado demonstrated the relevance of LCS as a platform tailor made for the dynamic and congested sea lanes, straits and archipelagos of South and Southeast Asia…
BW Group, Mitsui Form FSRU Joint Venture
A joint venture agreement between Japan’s Mitsui & Co. and Singapore’s BW Group Limited will see Mitsui purchase a 49 percent share in the floating storage and regasification unit (FSRU) BW Integrity, while BW will maintain a 51 percent share. The deal is expected to close as soon following payment for the acquisition. BW Integrity is currently in Port Qasim on a 15-year charter to PGP Consortium Limited (PGPC), to provide LNG regasification services at Pakistan’s second LNG import terminal. BW will continue to provide commercial and technical management services.
Major Revamp at Stena Bulk
Stena Bulk is reorganising its business activities into three business areas: Crude & Fuel, Products & Chemicals and LNG and have appointed two new managing directors. At the same time, its business activities previously conducted under the name of Stena Weco are being coordinated and incorporated into Stena Bulk. Additionally, a new office in Copenhagen will be opened in the next few days. As a result, the company will leave its office in Rungsted, which until now has been used by Stena Weco.
Dryad Sees a Pattern in SE Asia Tankship Piracy
The latest report of a tanker hijack in Southeast Asia has prompted Dryad Maritime to issue an advisory to its shipping clients, on the basis that the crime follows a pattern, which has seen up to six such attacks, over the last nine months. The Company issued its advisory to maritime clients from its 24/7 Portsmouth, UK-based operations facility, explaining that the [Thai tankship] MT Orapin 4 laden with a fuel oil cargo, departed Singapore on 27th May 2014 and became the subject of a missing vessel alert the next day when attempts by her shipping company to contact her failed.
MPA, Shell Shipping Sign MOU
The Maritime and Port Authority of Singapore (MPA) and Shell Eastern Trading (PTE) LTD (Shell) have signed a Memorandum of Understanding (MOU), to cooperate in the research and development and test-bedding of projects within the maritime industry in areas of clean fuel technologies, automation and digitalisation. Under the MOU, MPA in partnership with Shell, will collaborate on the following key areas: Developing innovative solutions to reduce emissions in the port, Explore greater use of automation in the port and Support study and development of digitalisation efforts…
Singapore Rolls Out LNG Bunkering Standard
The first Singapore Technical Reference (TR) 56 for Liquefied Natural Gas (LNG) Bunkering was launched by the Maritime and Port Authority of Singapore (MPA), SPRING Singapore and the Standards Development Organisation @ Singapore Chemical Industry Council (SDO@SCIC). This standard has been developed to provide a safe, efficient, sustainable and transparent technical framework for conducting LNG bunkering operations in Singapore, thereby offering greater assurance to local and international LNG bunker buyers and suppliers.