By Ann Koh (Bloomberg) --Piracy has surged this year along Southeast Asia’s straits of Malacca and Singapore, one of the world’s busiest trade routes, according to a watch group that tracks maritime security. Incidents along the shipping choke point have risen to 30, from 8 last year, according to data from ReCAAP ISC, a piracy information group with 20 member nations, … [Read more...]
Singapore Jails Tanker Captain in Shell Oil Heist
SINGAPORE, Dec 20 (Reuters) - The captain of a Vietnamese oil tanker has been jailed for over five years in Singapore for his role in a scheme that saw around $150 million of oil stolen from Shell's biggest refinery over several years. Doan Xuan Than, 47, was sentenced to 66 months in prison on Thursday, a spokesman for the State Courts of Singapore said, becoming the second … [Read more...]
Singapore Pushes Shipping to Adopt Cleaner Fuels
By Roslan Khasawneh SINGAPORE, Nov 8 (Reuters) - Singapore is pushing the shipping industry to use cleaner fuels such as liquefied natural gas (LNG) in a bid to reduce the city state's carbon emissions, the Maritime and Port Authority's (MPA) chief said on Friday. The country is introducing incentives for ships to install engines that use alternative fuels with lower carbon … [Read more...]
Floating Storage of 2020-Compliant Fuel Builds Off Singapore
By Roslan Khasawneh SINGAPORE, Oct 25 (Reuters) - Stockpiles of low-sulphur marine fuels held in floating storage around the Singapore trading and pricing hub are steadily growing ahead of a 2020 global deadline for rules that have shaken the global oil refining and shipping industries. A total of 32 ships, mostly supertankers capable of carrying 300,000 tonnes or more of … [Read more...]
COSCO Unit’s Tanker Delivers Oil to Exxon in Singapore
By Florence Tan and Shu Zhang SINGAPORE, Oct 10 (Reuters) - A supertanker owned by a subsidiary of COSCO Shipping Tanker (Dalian), under U.S. sanctions for allegedly transporting Iranian oil, has docked in Singapore to discharge Middle East crude, shipping data on Refinitiv Eikon showed on Thursday. The Coswisdom Lake, a very large crude carrier (VLCC) capable of holding 2 … [Read more...]