Number of Major Shipping Accidents Down at Port of Singapore

The number of major ship accidents in the Port of Singapore has fallen significantly over the last decade, with little over one major incident per one million vessel movements, the Maritime and Port Authority of Singapore reported Thursday. The MPA defines major accidents as those involving loss of lives or pollution or those that affect safety of navigation in surrounding … [Read more...]

Asia’s Demand for Low-Sulphur Fuel Drives Hydrogen Gas Consumption

By Florence Tan and Shu Zhang SINGAPORE, Aug 27 (Reuters) - Asia's hydrogen gas demand will rise as the region's oil refineries use the gas to produce low-sulphur fuel to meet new environmental regulations, the head of the world's largest industrial gas producer said on Tuesday. "The demand for hydrogen has grown steadily over the years at a much faster rate than GDP … [Read more...]

Singapore Fuel Inventories Fall Ahead of IMO 2020

By Roslan Khasawneh SINGAPORE, July 18 (Reuters) - Oil product inventories in the Singapore storage and trading hub fell to an eight-month low in the week ended July 17, official data showed, in one of the latest signs that suppliers are gearing up for rule changes to make marine fuel cleaner. Singapore onshore stocks of petroleum products, which include gasoline, diesel, … [Read more...]

Singapore Suspends Bunker Craft License of Inter-Pacific Petroleum

By Roslan Khasawneh SINGAPORE, June 28 (Reuters) - Singapore's Maritime Port Authority (MPA) has suspended the bunker craft operator licence of Inter-Pacific Petroleum Pte Ltd, the MPA said in a statement on Thursday. The MPA suspended the license, which allows Inter-Pacific to operate tankers used to load marine fuel, known as bunker fuel, onto ships, with effect from June … [Read more...]

Floating Storage in Strait of Malacca Soars Ahead of IMO 2020

By Serene Cheong and Alfred Cang (Bloomberg) -- The world’s biggest offshore oil supermarket is stocking up for anti-pollution rules that Goldman Sachs Group Inc. predicts will upend energy markets. The Strait of Malacca off Singapore and Malaysia is not only a waterway linking supply from the Middle East, Africa and the U.S. to Asia, but has also been used in the … [Read more...]