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Simon Neo: A $1 Bunker Price Premium Will Recover Singapore Mass Flow Meter Costs in 6 Months

"All Bunker Tankers in Singapore need to do about 8 to 10 turnarounds a month to be in business," Neo tells Ship & Bunker.

Brightoil to Continue with Acquisition of Singapore Bunker Tankers Despite Setbacks

Hong Kong's Brightoil will add two newbuild bunker tankers to its Singaore fleet despite problems with delivery of vessels.

India's Reliance Begins Singapore Bunker Trading Operation

Indian oil firm Reliance Insustries Ltd. has begun trading fuel oil in Singapore, targeting Southeast Asian and Australian markets.

China COSCO's Xu Minjie Gets 10 Years for Corruption

The investigation began last November, prompting the executive to resign.

New Brightoil Singapore CEO Confirmed

Wang Wei comes from Chinese state-run Sinochem.

Profit Drops 39% at Singapore's Marco Polo Marine Despite Revenue Growth

Profit after interest, but before tax, dropped 39 percent year-on-year to S$13.7 million for FY2014.

Singapore's Universal Terminal Eyes $770M IPO

Petroleum storage joint venture Universal Terminal is testing investor appetite for a Business Trust IPO which could fetch over $770 million.

BMS United Bunkers Appoints Managing Director in Asia

Effective December 8, George Kounalakis will responsible the offices in the People's Republic of China (PRC), Hong-Kong, Indonesia, and Singapore.

Malaysian Bunker Player to Ease Bottlenecked Bunker Supply in Labuan

TMD Bunker Labuan Sdn Bhd will offer five vessels to provide at-sea fueling.

Singapore Sees Rise in Bunker Tanker Arrests

Seven bunker tankers have been arrested in Singapore over the last week as companies seek recovery of unpaid bills following OW Bunker collapse.

Asian Bunker Volumes Remain Steady, Despite Earlier Reports of Demand Spikes Away from Singapore

"Hong Kong cannot compete with Singapore, so the vessels taking bunker fuel in Hong Kong are the ones that won't call at Singapore," says one trader.

Kosori Developing a 25,000 TEU Container Ship

Korea Ship and Offshore Research Institute is aiming to create the largest containership in the world.

"Only the Big Boys Will Survive" in Singapore's Tight Credit Environment

Tightened credit following the collapse of OW Bunker is hurting small players the most.

Q3 Revenues More than Double at Andatee China Marine Fuel Services, as Bunker Volumes Rise 53%

Andatee changed its business strategy early this year to focus on wholesale fuel sales.

CNOOC Senior Official Detained for Bribery

Luo Weizhong is the general manager of international trading at CNOOC Gas & Power Group.

Petronas and Partner to Develop LNG Project in Malaysia

The regasification facility will be located in Southern Malaysia.

Dan-Bunkering Adds Trader in Singapore

Desmond Yap joined Dan-Bunkering's Singapore trading team as of October 1 this year.

Hong Kong Sees Bunker Enquiries Rise up to 20%

Some bunker buyers are turning to the Hong Kong market amid higher prices and reported supply difficulties in Singapore.

Singapore Shipping Association Tells Industry to "Remain Calm" Over OW Bunker Bankruptcy

SSA says "it was established that there had been no report of disruption to bunker supply and bunkering operations in Singapore."

ClassNK Gives Approval to First H2/CO2 FPSO

It will be the world's first FPSO for hydrogen and carbon dioxide and the first to receive approval.

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