Asia/Pacific News
Toyota Tsusho May Return to Singapore Physical Bunker Supply
Toyota Tsusho Marine Fuel Corporation is considering a return to Singapore physical supply after its predecessor company halted operations earlier this year and dropped off the Maritime and Port Authority's licensed supplier list.
As Ship & Bunker reported last month, Toyota Tsusho Petroleum Pte Ltd has been removed from the MPA list of accredited bunker suppliers, taking the city-state's total down to 41 firms.
The company had been a licensed supplier in Singapore since May 2008.
The firm was shut down by its parent company, with a new entity, Toyota Tsusho Marine Fuel Corporation, being set up to take on its mantle with a wider remit including worldwide trading and alternative fuels.
"Toyota Tsusho Marine Fuel Corporation was established as a new company to handle the group's marine fuel sales, including carbon-neutral fuel," a company representative told Ship & Bunker.
"Although established as a new company, it has not legally taken over the business."
But the company considers its absence from the Singapore supplier list a temporary phenomenon.
"With regard to physical supply, we are temporarily disqualified in Singapore," the representative said.
"For the current situation, licensing is still under consideration and specific timing has not yet been determined."
About Jack Jordan
Jack Jordan is the Managing Editor of Ship & Bunker, the world’s most read marine fuel-focused publication.
He is an experienced financial editor and reporter with a first-class degree in Arabic and Russian, a postgraduate diploma in newspaper journalism and several years' history of covering the oil and shipping industries and capital markets.
Jack is based in London, UK.
About Ship & Bunker
Ship & Bunker is the world's most read publication focused on the marine fuel markets. Completely independent, it is the leading industry authority providing comprehensive daily news, exclusive in-depth features and analysis, along with daily & historical bunker price indications.
To contact the editor responsible for this story email us at editor@shipandbunker.com
