APAC News

Glencore Hires Veteran Bunker Trader Quek to Head Singapore Trading
Quek Chin Thean leaves Goldman Sachs to take over from Mark Catton as head of Glencore's Singapore trading business.
17 Mar 2015
MPA Looking to Mandate Mass Flow Meters for MGO in Singapore
The MPA said that it is in talks with suppliers to develop a smaller MFM for smaller gas barges.
17 Mar 2015
"Best Ever February" Bunker Sales Helps Singapore Make Record Start to the Year
Combined bunker sales for the first two months of the year were over 7 million metric tonnes for the first time on record.
16 Mar 2015
Mercuria Loses Over Half of Newly Formed South Korea Bunker Team
The nine traders are reportedly in negotiations to join World Fuel Services.
13 Mar 2015
New Hire for Dan Bunkering in Singapore
Jarle Aakermann was said to have vast experience in the offshore segment and shipping in general.
13 Mar 2015
MPA to Invest $65M to Attract Talent to Singapore Maritime Sector
Two task forces were established last year to help fill positions in seafaring, ports and other maritime-related operations.
12 Mar 2015
Hong Kong Confirms New Low-Sulfur Rules to Enter into Force on July 1, 2015
Violators face a maximum fine of HKD $200,000 and six months in jail.
12 Mar 2015
Australian State Promises 0.10% Sulfur Cap for Cruise Ships
"There is no reason why the people of NSW should not enjoy the same standards as those enjoyed by people in North America and Europe," says Minister.
11 Mar 2015
Chinese Commodities Futures Market Will Include Bunkers, Needs Tax Incentives
Authorities should waive income tax and value added tax for foreign participants trading in new SHFE commodities futures, says exchange boss.
11 Mar 2015
OOCL Earnings Up 400% as Bunker Costs Fall by Over $100M
"A reduction in total bunker cost of 10%, attributable to both decrease in bunker price and consumption, was achieved," says OOIL Chairman.
10 Mar 2015
Questions Raised Over Extension of Hong Kong Low-Sulfur Incentives
The proposal is a calculated attempt to prevent cost-conscious ship operators from going to Shenzhen, says Civic Exchange.
10 Mar 2015
Global Vision Bunkers Expands Singapore Team
Ms. Eunah Park comes from a background of working with blue chip automakers.
10 Mar 2015
Bunker Detective Gains New Accreditations
The marine surveying organisation gains ISO/IEC 17020:2012 and ISO 9001:2008 certifications.
9 Mar 2015
More Effort Needed to Tackle Hong Kong Air Pollution
"The northwest New Territories area of Hong Kong are the worst affected due to shipping and cross-border power stations," says report.
5 Mar 2015
Floating Storage Down as "Super Profit" in Crude Market is "Just Not There"
"The super contango and the super profit in the crude oil market is just not there at the moment," says head of oil at Glencore.
4 Mar 2015
Brightoil: We Benefited from Singapore Bunker Credit Crunch
Tightened credit following OW Bunker's collpase allowed Brightoil to charge a premium on credit sales.
3 Mar 2015
MOL to Sail Six 20,000 TEU Boxships on Asia-Europe Route by 2017
"The main engines have the specifications which enable LNG use as fuel in the future remodeling," says the operator.
3 Mar 2015
ReCAAP: Asia Piracy Cases Hit 10-Year High, Bunker Piracy Responsible for the Majority of "Very Significant" Incidents
A total of 183 cases were reported last year, a quarter of which were in the Straits of Malacca and Singapore.
3 Mar 2015
Revised Singapore Bunkering Standards to be Effective From September 1, 2015
The new standards aim "to further enhance consistency in practices in the delivery of bunkers for vessels calling at the Port of Singapore," says MPA.
27 Feb 2015
Brightoil Bunkering Business Develops at a "Steady Pace", "Twin-Engines" Drive Group to Steady Growth
"The twin-engines business model...enabled the Group to secure steady growth amid volatile oil prices," says Brightoil.
27 Feb 2015