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Titan Bunkering gives up Singapore bunker licence

Bunker fuel supplier Titan Bunkering has relinquished its status as an accredited bunker supplier in Singapore after it decided not to renew the licence with Maritime and Port Authority of Singapore (MPA).

Lee Hong Liang, Asia Correspondent

June 18, 2013

1 Min Read
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MPA has updated its list of licensed bunker suppliers on Monday to reflect the exit of Titan Bunkering, which is believed to have returned the licence late last week.

Titan Bunkering, the bunkering arm of Hong Kong-headquartered Titan Petrochemicals, had been scaling down its bunkering operations in Singapore over the last few years, following financial difficulties faced by its parent firm.

As at 17 June, MPA has maintained 71 licensed suppliers in Singapore that have met the requirements under the authority's accreditation scheme for bunker suppliers. The objective of the accreditation is to recognise good bunker suppliers and deter malpractice in the industry.

Meanwhile, sources told Seatrade Global that two to three small privately-owned bunker suppliers may soon lose their accredited licences as their operations fade and consolidation takes place in the industry.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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