Asia/Pacific News
Founder of Singapore Top 10 Bunker Supplier Resigns
Wednesday August 17, 2016
Roland Pang, the founder of top 10 Singapore bunker supplier Panoil Petroleum Pte Ltd (Panoil Petroleum), has resigned.
Pang founded the Singapore-registered bunker company in 1998.
In a note to traders, Pang said the decision to resign was made in order to spend more time with his family, and will now take a break to re-evaluate his options.
The Maritime and Port Authority of Singapore (MPA) ranked Panoil Petroleum as the port's 10th biggest supplier by volume in 2015, up from 13th in 2014, and 21st in 2013.
