Asia/Pacific News

August, 2020
Date	Headline	Image
Wed05Aug	Combined LNG and Conventional Bunker Barge Launches in Japan Further work on the vessel, including the installation of equipment and tanks, will be needed before the vessel enters service.
Tue04Aug	New Covid Regs Hit Hong Kong "Bunkers Only" Calls About 10% of Hong Kong's bunker demand expect to shift to Zhoushan.
Mon03Aug	SocGen Shutters Singapore Trade Financing Unit After sustaining loses following Hin Leong collapse, earlier demise of IPP.

July, 2020
Date	Headline	Image
Thu30Jul	New Bunker Trading Firm Launches in India Bunkerworks Marine Services Pvt Ltd has commenced operations trading marine fuels and lubricants at ports throughout India.
Thu30Jul	Tanker Firm Xihe Group Sets Out Plan for Life After Hin Leong Hin Leong founder Lim Oon Kuin and his children are no longer part of the management team at Xihe.
Wed29Jul	Hin Leong-Connected Tanker Company Xihe Plans 'Consensual Restructuring' Last week it emerged that OCBC Bank was seeking to take control of Xihe Holdings from the owners of troubled Singapore oil trading company Hin Leong.
Tue28Jul	Key Ports Signal Global Push to Streamline Digitalisation Singapore, Rotterdam and tech firms sign MoU to improve interoperability among maritime platforms.
Tue28Jul	Brightoil Winding-Up Petition Dismissed After Settlement Reached With Petco The court dismissed Petco's petition on Monday.
Tue28Jul	Hong Kong Quarantine Measures Hamper Bunker Operations From Wednesday ships arriving in Hong Kong for bunker operations only will have to undergo a 14-day quarantine before receiving their fuel.
Mon27Jul	Watch Out for Rising VLSFO Prices as Refined Products Demand Recovers: Integr8 A diesel, gasoline and jet revival may see VLSFO prices gaining relative to crude.

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06Aug

1BNP Paribas Pulls Trade Financing on Exposure to GP Global, Others: Reports

Is the second major player this week to pull back on its trade financing.
05Aug

2GP Global Appoints 'Chief Restructuring Officer' After Alleged Fraud

GP has also brought in UK-based financial restructuring firm Quantuma to assist with its restructuring.
30Jul

3GP Global Uncovers Employee Fraud in UAE

GP employees in the UAE are alleged to have taken advantage of working from home to manipulate trading records and defraud the company and its customers.
04Aug

4IMO Releases its Fourth GHG Study: Here Are 4 Key Findings

Domestic shipping emissions drastically underestimated; operational measures should be used to reduce emissions; prepare for regulations "loophole" on methane, Black Carbon to be closed.
03Aug

5KPI OceanConnect: KPI Bridge Oil Completes Merger With OceanConnect Marine

The deal was first announced in February, and has now received regulatory approval.
05Aug

6Bunker Jobs: Oldendorff Seeks Bunker Manager in Hamburg

The company is seeking candidates with 1-4 years of experience in a similar role.
04Aug

7Scrubber Manufacturer Yara Shifts Focus After Tech's Business Case "Substantially Weakened" by COVID-19, Oil Price Drop

"We had high hopes for the scrubber market in 2020, but Covid-19 changed all that," says Yara's Shyam Thapa.
05Aug

8IMO Warns of 'Devastating Consequences' of Beirut Port Explosion

The explosion destroyed most of Beirut's port facilities as well as causing widespread destruction around the city and killing at least 100 people.
05Aug

9Fuel Demand Drives Evolution in Lubricant Testing

Lubricant additive packages may be the key to solving some of the problems associated with VLSFO, according to Lubrizol.
30Jul

10Weekly Vessel Scrapping Report: 2020 Week 30

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from July 23 – July 29, 2020.

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