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NewOcean to Retreat From Hong Kong Bunkering on 'Cut-Throat Tactics' Among Suppliers
NewOcean to Retreat From Hong Kong Bunkering on 'Cut-Throat Tactics' Among Suppliers
Aggressive competition between bunker suppliers and tough conversations with banks are prompting a scaling-down of the company's oil products business.
1 Sep 2020
South Korea's New 0.10% Sulfur ECA Launches This Week
South Korea's New 0.10% Sulfur ECA Launches This Week
From Tuesday the sulfur limit will be cut from the global 0.50% cap to 0.10% for ships in South Korea's new ECA.
31 Aug 2020
PwC Sues Hin Leong's OK Lim for $3.5 Billion: Straits Times
PwC Sues Hin Leong's OK Lim for $3.5 Billion: Straits Times
PwC accuses the Lim family of "deliberately concealing [Hin Leong's] losses and portraying it as a profitable company when it was in fact massively insolvent."
31 Aug 2020
Straits Inter Logistics Sees 63% Drop in Oil Trading and Bunkering Profit
Straits Inter Logistics Sees 63% Drop in Oil Trading and Bunkering Profit
The company mostly cited this year's slowdown in shipping as being behind its worsening performance.
28 Aug 2020
NewOcean Energy Warns of $174 Million Q2 Loss
NewOcean Energy Warns of $174 Million Q2 Loss
The company expects to post a second-quarter loss of HK$1.35 billion ($174 million), down from a profit of HK$301 million in the same period a year earlier.
28 Aug 2020
Boost for Zhoushan Bunker Demand as Iron Ore Producers Expand
Boost for Zhoushan Bunker Demand as Iron Ore Producers Expand
Vale and Rio Tinto have both expanded their operations in the area this week.
27 Aug 2020
East Indian Refiner to Produce 0.5% Sulfur Marine Fuel
East Indian Refiner to Produce 0.5% Sulfur Marine Fuel
CPCL says initial runs will be 5,000 mt a month.
26 Aug 2020
Trafigura, Gunvor Take on Hin Leong Storage: Report
Trafigura, Gunvor Take on Hin Leong Storage: Report
In a capacity boosting move in Singapore.
25 Aug 2020
Korean Firms Take up Biofuel Challenge
Korean Firms Take up Biofuel Challenge
HMM among partners seeking to promote alternative bunker fuel.
24 Aug 2020
Ship Detention in Singapore
Ship Detention in Singapore
Vessel held at Eastern Bunkering anchorage.
24 Aug 2020
Hong Kong Cruise Operator Suspends Payments to Creditors
Hong Kong Cruise Operator Suspends Payments to Creditors
The company owed $3.37 billion to its creditors as of July 31.
21 Aug 2020
Container Ship Arrested in Singapore
Container Ship Arrested in Singapore
The ship was arrested at 12:20 AM local time on Friday
21 Aug 2020
CPC Lowers MGO Sulfur Content at Keelung
CPC Lowers MGO Sulfur Content at Keelung
From now on the company will supply 0.1% sulfur MGO at Keelung.
20 Aug 2020
Bulk Carrier Detained in Singapore
Bulk Carrier Detained in Singapore
Vessel held earlier this week.
20 Aug 2020
Australia: Geelong Refinery Future in Doubt
Australia: Geelong Refinery Future in Doubt
From lacklustre refining margins and weak demand.
19 Aug 2020
Singapore: Crew Test Positive For Covid-19
Singapore: Crew Test Positive For Covid-19
On ship from India, no crew disembarked vessel which is in quarantine.
17 Aug 2020
Hin Leong Founder Lim Oon Kuin Arrested in Singapore
Hin Leong Founder Lim Oon Kuin Arrested in Singapore
Lim was charged in court on Friday with 'abetment of forgery for the purpose of cheating', the Singapore police said.
14 Aug 2020
Brightoil Releases Delayed 2016-17 Results
Brightoil Releases Delayed 2016-17 Results
The company sold 7.19 million mt of fuel oil in the 2016-17 financial year.
14 Aug 2020
HSFO Now Takes Up Quarter of Bunker Demand in Singapore
HSFO Now Takes Up Quarter of Bunker Demand in Singapore
Rising HSFO sales in Singapore may be a sign of other ports no longer offering the product.
13 Aug 2020
FOBAS Warns of Fuel Oil Stability Issues in Singapore
FOBAS Warns of Fuel Oil Stability Issues in Singapore
The organisation has tested a number of RMG-380 samples from Singapore in the past week with TSP of 0.17-0.38% m/m.
13 Aug 2020
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