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.
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.
Ship Arrested, More Claims Emerge Against OW Bunker
Fuel barge Laguna, carrying oil sold by Hin Leong to OW Bunker, arrested. Total claims against OW Bunker Far East and Dynamic Oil now over S$5 mln. Oil firms stepped up legal action against the Singapore units of bankrupt ship fuel trader OW Bunker with the arrest of a ship fuel delivery barge Laguna on Wednesday and claims totalling more than S$5 million. Court documents seen by Reuters showed that the overall amount of claims made against OW Bunker Far East (Singapore) and Dynamic Oil Trading, both Singapore-based subsidiaries of the Danish firm, over unpaid supplies now total around S$5.3 million ($4.11 million) made by nearly half a dozen companies. Law firm Rajah & Tann Singapore LLP issued a writ of summons on Nov. 8 on behalf of Hin Leong Trading against O.W.
