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Alliance Oil Trading winds up, exits Singapore bunker market

Alliance Oil Trading winds up, exits Singapore bunker market
Singapore-based marine fuels supplier Alliance Oil Trading (AOT) has given up its accredited bunker supplier licence as it is in the process of winding up its business.

The Maritime and Port Authority of Singapore (MPA) has updated its list of accredited bunker suppliers on 17 January 2014 to show that AOT has been struck off.

A source with AOT confirmed with Seatrade Global that the company has submitted its liquidation application on 7 January and it is in the process of closing its business.

Homegrown AOT was once Singapore's largest bunker supplier by volume back in 2011 when it was ranked 14th. However, the company saw its volumes dropped as it slipped in ranking to 26th in 2012 before falling further to 40th position in 2013, according to MPA.

Meanwhile, MPA last week cancelled the bunkering licences of two Singapore-based suppliers – Excel Petroleum Enterprise and Lian Hoe Leong & Brothers – after they were found to have breached the terms and conditions of licences by allowing other companies to use their bunker delivery notes (BDN) to supply bunkers.