Singapore bunker company Transocean Oil, which has had its bunker operating licence rescinded by the Singaporean authorities, had been relatively quiet in the market in recent months.
Citing market sources, a report by Reuters said that Transocean had been notably less active in the market in recent months and that its expulsion would have only a limited impact on the supply and price of marine fuels in Singapore.
Contacted by Ship & Bunker, Transocean sales manager Sherman Yeo said he had no comment to make on the situation.
Transocean was a top ten bunker supplier in the port by volume last year.
According to its website, the company currently owns and operates eight bunker barges.
