APAC News

Hin Leong's Troubles Strengthen Singapore Bunker Premium: Platts

The premium for delivered very low sulfur fuel oil (VLSFO) over cargo prices at Singapore widened by $5.11/mt to $12.50/mt by Monday's close.

22 Apr 2020

Minerva Bunkering to Launch Singapore Physical Supply Operation in Early May

The company is currently finalizing operational needs and is targeting a start date in early May, a company representative told Ship & Bunker.

22 Apr 2020

TFG Marine to Join Singapore Bunker Market at Start of May

The company will supply high sulfur fuel oil, very low sulfur fuel oil and marine gasoil in Singapore.

21 Apr 2020

Banks Exposed in Hin Leong Collapse

Sums owed to local and international finance houses close to $4bn.

21 Apr 2020

Singapore Police Open Investigation into Hin Leong

In a court filing that came to light last week the son of billionaire company founder Lim Oon Kuin (OK Lim) said his father hid $800 million in futures losses sustained over a number of years.

21 Apr 2020

Singapore's MPA Awards Bunker Supplier Licences to Minerva and TFG Marine

The addition of the two companies takes Singapore's number of accredited suppliers to 45.

20 Apr 2020

Singapore: Hin Leong Financial Troubles Detailed in Court Filing

Much of the inventory used as collateral for its lenders has been sold off, and company founder OK Lim hid $800 million in futures losses, his son alleges.

20 Apr 2020

Ocean Bunkering to Halt Singapore Bunker Supply: Reuters

The company has told some customers it will suspend marine fuel deliveries from as soon as Friday, according to Reuters.

16 Apr 2020

Singapore's Ocean Bunkering Still Operating Amid Hin Leong Uncertainty: Sources

Three bunker industry sources familiar with the Singapore market told Ship & Bunker that Ocean Bunkering's operations appeared to be continuing this week.

15 Apr 2020

Banks' Exposure to Hin Leong Totals at Least $3 Billion: Bloomberg

As many as 10 banks have exposure to the firm, Bloomberg reported Wednesday.

15 Apr 2020

Singapore: Inter-Pacific Served Winding Up Order

Parent of former top 20 bunker supplier started a court-led debt restructuring process last September.

13 Apr 2020

Singapore Bunker Demand Sees Surprise March Surge

Total sales rose to 4.332 million mt last month, up by 11.41% from February and by 5.66% from March 2019.

13 Apr 2020

China's Sinopec Bullish on Global Bunkering Growth

After completing its inaugural stem at the Sri Lankan port of Hambantota.

10 Apr 2020

Major Singapore Bunker Supplier Facing Financial Difficulties: Reports

A report by Bloomberg accompanied significant market chatter on Thursday.

9 Apr 2020

Singapore Bunker Supplier Count Drops to 43

The current count of 43 compares with 55 at the start of 2019, and 80 in 2010.

7 Apr 2020

Hambantota Bunkering Relaunches With Arrival of First Marine Fuel Cargo

The tanker Melody arrived at Hambantota on April 2 with its first bunker shipment.

6 Apr 2020

Port of Singapore Remains Open For Business: MPA

Singapore's Ministry of Health announced tougher measures aimed at controlling the spread of COVID-19 on Friday.

3 Apr 2020

Ship Detained in Singapore

Oil products tanker held over weekend.

2 Apr 2020

Chemicals Tanker Under Arrest in Singapore

There has been an increase in the number of vessel arrests at Singapore in recent weeks, with several vessels detained in March.

1 Apr 2020

Melbourne: Dockers Refuse to Unload Ship

Over covid-19 quarantine dispute.

1 Apr 2020