Asia/Pacific News
Transocean's Exit from Singapore to Have Limited Market Impact: Report
Tuesday November 7, 2017
Singapore bunker company Transocean Oil, which has had its bunker operating licence rescinded by the Singaporean authorities, had been relatively quiet in the market in recent months.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.
