Asia/Pacific News

Singapore Bunker Supplier Dismisses Bankruptcy Rumours

by Ship & Bunker News Team

Tuesday May 10, 2016

Rumours circulating the Singapore bunker market suggesting Searights Maritime Services Pte Ltd (Searights) has filed for bankruptcy are untrue, the supplier has told Ship & Bunker.

Searights added that it had no further comment to make on the matter at this time.

Last year Searights placed 12th in the Maritime and Port Authority of Singapore (MPA) list of top bunker suppliers by volume, having been ranked 14th and 16th in 2014 and 2013 respectively.

Cecil Cheong, the company's former CEO and well known industry figure, passed away last November.

Ship & Bunker News Team
To contact the editor responsible for this story email us at editor@shipandbunker.com

Port of Amsterdam to Ban Open-Loop Scrubber Discharge

The ban will take effect for vessels at berth from January 1.

Read in Full

MAN Energy Solutions Commences Full-Scale Ammonia Engine Testing

The firm is testing the two-stroke ammonia-fuelled engine at its Research Centre Copenhagen facility.

Read in Full

Vitol Takes Commanding Stake in Danish Tech Firm

That can produce oil products from waste plastic.

Read in Full

	VLSFO		MGO
	$/mt	+/-	$/mt	+/-
Singapore	548.00	0.50	677.50	2.00
Rotterdam	513.00	0.50	649.00	3.00
Houston	544.50	2.50	675.00	4.00
Fujairah	541.50	2.50	744.00	3.50
APAC Average	625.00	5.00	817.50	0.00
Global 20 Ports Average	572.00	2.50	758.00	2.50
Global 4 Ports Average	536.50	1.50	686.50	3.00
Global Average Bunker Price	624.00	2.50	801.00	3.50

View Bunker Prices in 200+ Ports

23Dec

1MARKET SURVEY: Q3 Bunker Hub Demand Jumps by 4.7% on Year With Red Sea Diversions

2024's total is heading for a 3.4% gain from 2023 and the highest level since 2019, according to the latest market survey from Ship & Bunker and 2050 Marine Energy.
16Dec

2Sekavin Hires Head of Supply and Trading From ExxonMobil

The new hire previously worked for ExxonMobil from December 2018 to October of this year.
19Dec

3Turkish Bunker Association Announces New Board

The new board was appointed after an extraordinary general assembly of the association's members, incoming Chairman Mustafa Muhtaroğlu tells Ship & Bunker.
23Dec

4President Trump Threatens Panama Canal Over Tolls

"We're being ripped off at the Panama Canal like we're being ripped off everywhere else," President Trump was cited as saying at an event in Arizona on Sunday.
17Dec

5FuelEU Maritime - Is It Too Late to Act?

Ossi Mettälä, product manager at NAPA Shipping Solutions, discusses the upcoming FuelEU Maritime regulation and how the shipping industry can respond.

Asia/Pacific News

Singapore Bunker Supplier Dismisses Bankruptcy Rumours

Also in the News

Port of Amsterdam to Ban Open-Loop Scrubber Discharge

MAN Energy Solutions Commences Full-Scale Ammonia Engine Testing

Vitol Takes Commanding Stake in Danish Tech Firm

Key Bunker Prices More

Popular Now More