Singapore-based bunker supplier Southernpec (Singapore) has been permanently banned from supplying marine fuels in the port of Singapore after the local port authority revoked its bunker supplier licence.
The Maritime and Port Authority of Singapore (MPA) has revoked the bunker craft operator licence of Southernpec (Singapore) effective 8 May due to the bunker player’s malpractice of using a magnet to interfere with the mass flow meter (MFM) reading.
Physical bunker supplier Peninsula Petroleum has boosted its overall liquidity by $150m after renewing its European receivables finance facility.
The Maritime and Port Authority of Singapore (MPA) has recently published a list of licensed bunker suppliers that are able to provide IMO 2020 compliant fuels in Singapore.
Cosco Shipping International has warned of a significant decrease in revenue amid an alleged fraud involving debts owed by its indirect wholly-owned subsidiary to embattled bunker supplier Coastal Oil Singapore.
Bunker One, the physical fuel supply arm of Bunker Holding Group, has expanded into Germany to service all ports at the German North Sea and Baltic Sea regions with bases in Rostock, Kiel and Hamburg.
Marine fuels supplier Peninsula Petroleum has started physical supply operations in Spain’s Barcelona port, utilising the 7,500-dwt bunker tanker Alliance Spirit.
India’s bunker supplier Matrix Bharat has commenced physical bunker supply operations in Mumbai port and Jawahar Dweep, an island off the southeastern coast of Mumbai.