The port of Singapore has moved more containers in March compared to the same period of last year, according to preliminary estimates by the Maritime and Port Authority of Singapore (MPA).

FueLNG, a joint venture between Keppel Offshore & Marine (Keppel O&M) and Shell Eastern Petroleum, has achieved Singapore’s 100th truck-to-ship LNG bunkering operation in accordance with the Technical Reference (TR) 56 standard for LNG bunkering in Singapore.

The Maritime and Port Authority of Singapore (MPA) has announced the awarding of SGD650,000 ($480,500) seed funding to 13 technology start-ups from the Smart Port Challenge (SPC) 2018 for the development and test-bedding of their innovative solutions.

Singapore-based Asia Pacific Exchange (APEX) has launched its first fuel oil futures contract for trading with an aim of creating a platform for energy industries and financial institutions to hedge and invest in the fuel oil market.

Singapore has once again topped the ranking of maritime capitals, and the city state is expected to be the most likely to remain among the five leading maritime centres globally in the future.

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.

Singapore’s homegrown maritime solutions firm Claritecs has signed memorandums of understanding (MOUs) with several bunker operators to formalise collaboration to testbed its BunkerMaestro bunker operations scheduling platform.

Keppel Offshore & Marine (Keppel O&M) (B2 –F01), through its wholly-owned subsidiary Keppel Singmarine, has embarked on the development of an autonomous tug to be operated by Keppel Smit Towage.

Shell Marine will introduce its new two-stroke engine cylinder oil dedicated for use with ship engines running on 0.5% sulphur fuel into the Singapore market this year, ahead of the IMO 2020 regulation.

China's Belt and Road Initiative (BRI) is anticipated to create demand growth for shipping and Singapore is keen to continue playing an important role in the ambitious development strategy, according to Singapore’s minister for trade and industry Chan Chun Sing.

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