APAC News

Singapore: Advisory Panel on Maritime Decarbonisation

Formed to support industry in attaining IMO 2050 goals.

6 Jul 2020

Australian Refineries Feel Covid-19 Demand Loss

Making plants to vulnerable to closure.

2 Jul 2020

Idemitsu Plant Raises VSLFO Output

Demand for high sulfur fuel oil from Japanese ship operators remains small post IMO2020.

2 Jul 2020

Bangladesh to Import 0.5% Bunker Fuel

Bids for tender to be submitted by July 5.

30 Jun 2020

MPA Forms Partnership With Marine Tech Firms

To faciliate development of the city state's maritime start-up sector.

30 Jun 2020

Mining Giant BHP Scales Back LNG Bunkering Ambitions

The COVID-19 pandemic appears to have cooled BHP's interest in LNG-fuelled shipping.

29 Jun 2020

Bunker Margins Jump in Singapore

The premium for delivered VLSFO over cargo prices in Singapore advanced to $24.52/mt on Friday.

29 Jun 2020

Chinese VLSFO Exports Dropped in May

Exports have totaled 5.2 million mt so far this year.

29 Jun 2020

Hin Leong's Shareholders to Address Findings of Interim Judicial Managers' Report

The shareholders are disappointed they were not able to respond to the contents of the report before its publication.

26 Jun 2020

Straits Inter Logistics Sees 24.5% Drop in Q1 Profit

Profit attributable to shareholders sank to 1.5 million ringgit ($350,000) in the three months to March 31.

26 Jun 2020

Hin Leong Restructuring Only Viable With Ocean Tankers and Universal Terminal: PwC

Hin Leong on its own "will have no reasonable prospects of being restructured or rehabilitated," PwC said in its preliminary findings Tuesday.

24 Jun 2020

China to Supply 6% of Global Bunker Demand

China will soon be self-sufficient in low sulfur bunker fuel.

22 Jun 2020

Bunker Futures Contract Starts at Shanghai Exchange

Contract likely to be well received in market, market sources say.

22 Jun 2020

Singapore Bunker Margins Decline

The premium for very low sulfur fuel oil (VLSFO) delivered in Singapore over cargo prices there dropped to $19.71 on Friday from $25.72/mt a week earlier.

22 Jun 2020

Standard Club Flags Up Increased Pollution Fines in Australia

From 1 July the maximum fine for an oil spill in Commonwealth waters beyond three nautical miles of the Australian coast will rise to AUS$22.2 million for a corporate owner or charterer.

19 Jun 2020

Ship Detained in Singapore

First arrest in port for some months.

17 Jun 2020

Former Coastal Oil Executives Charged With $340 Million Cheating Offences in Singapore: Reuters

Coastal Oil filed for voluntary liquidation in December 2018, and allegations of debt fraud emerged in January 2019.

16 Jun 2020

Singapore Market Criticised by Commodity Firm CEO

Torbjörn Törnqvist says series of recent failure in city state is a concern.

16 Jun 2020

Autonmous Ferry Project Attracts Japanese Companies

Newbuild to have trials in Japanese coastal waters.

16 Jun 2020

Singapore Bunker Margins Almost Double in a Week

The premium for delivered very low sulfur fuel oil in Singapore over local cargo prices jumped to $25.72/mt on Friday, from $13.98/mt a week earlier.

15 Jun 2020