APAC News

China Shipbuilding to Build 12 LNG-Fuelled Oil Tankers for Shell

The value of the contract is about 4.6 billion yuan ($651 million), and the vessels are due for delivery in 2023.

30 Apr 2020

Keppel Posts Weaker First Quarter Profits

Sees move to gas and renewables in offshore and marine division.

29 Apr 2020

Singapore Bunker Tech Firm Eyes Expansion

Big efficiency gains possible, say founders.

29 Apr 2020

China Announces VLSFO Export Quotas

A further 5 million mt of quotas for 2020 will be issued later this year.

29 Apr 2020

Hin Leong Fallout Leaves Singapore Bunker Margins Rising Despite Pandemic Effect

The apparent halt in Ocean Bunkering's activities has boosted Singapore's bunker market profitability, while margins at most ports are sinking rapidly.

29 Apr 2020

Singapore Authorities Warn of High Incidence of Scrubber Malfunctions

Ships can report a scrubber malfunction to their flag registry if they are concerned it may cause them to drop out of compliance with the new 0.50% sulfur limit.

28 Apr 2020

PwC to File Preliminary Report on Hin Leong Within Eight Weeks

A hearing at Singapore's High Court was brought forward to Monday at the request of some of Hin Leong's lenders.

28 Apr 2020

Asia Storage Under Pressure

Onshore tanks in India 95% full: report.

27 Apr 2020

Chinese Ports Record Rising Bunker Spot Sales

Zhoushan, Shanghai, Hong Kong report rise in spot sales.

27 Apr 2020

Rio Tinto Requires Shipowners Not to Use Bunkers From Hin Leong

The new wording in the bunker supplier clause asks shipowners to confirm their vessels are not carrying bunkers supplied by Hin Leong, its marine fuels unit Ocean Bunkering or any other related companies.

27 Apr 2020

Singapore Found Just Two Cases of IMO 2020 Non-Compliance in First Quarter

The two ships "found to be using non-compliant fuel" without a scrubber were detained at the port and only allowed to leave once they had switched to using a compliant fuel.

27 Apr 2020

Singapore Commodity Firms Assert Their Stability Amid Hin Leong Fallout

ZenRock Commidities and Winson Group both published statements Thursday saying their financial positions were sound and they do not have any open-account dealings with Hin Leong.

24 Apr 2020

S&B ANALYSIS: Zhoushan's VLSFO Discount Could Win it Market Share From Singapore

VLSFO prices at Zhoushan dropped to a record discount to Singapore's levels of $31.50/mt on Monday.

24 Apr 2020

Sembcorp Drops Storage Contract With Hin Leong

Gasoil reserves worth around $66 million.

23 Apr 2020

New Digital Study Puts Japan Under Spotlight

Report develops 2019's Trade 2.0 report on maritime start ups.

23 Apr 2020

Sinopec May Buy Hin Leong's Stake in Singapore's Universal Terminal

Hin Leong owns 41% of the terminal, with the rest held by PetroChina and Australian investment bank Macquarie.

23 Apr 2020

PwC to Take Over Hin Leong Management: Bloomberg

The accounting firm will help oversee the company's finances and negotiate with creditors.

22 Apr 2020

Japan: High Sulfur Riding High

On scrubber-related demand and tightening supply, say market sources.

22 Apr 2020

Singapore Minister Sees Hin Leong Credit Disruption as 'Manageable'

The minister noted that it was 'fortuitous' that the country had invited new bids for bunker supplier licences in December.

22 Apr 2020

MPA Reassures Bunker Market

In wake of Hin Leong collapse.

22 Apr 2020