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...]

Keppel Imports First LNG Cargo from North America

The gas unit of Singaporean conglomerate Keppel Corporation has completed the first import of LNG under Singapore's Spot Import Policy, which allows up to 10% of Singapore's total long term contracted gas supplies to be imported on a spot cargo basis. Keppel Gas, a wholly-owned subsidiary of Keppel Infrastructure Holdings, said Monday the spot cargo of 160,000m3 of … [Read more...]

Singapore Will Seek Prison for Captains and Owners Breaking 2020 Low Sulphur Fuel Rules

By Saket Sundria and Ann Koh (Bloomberg) -- Singapore has a message for shipping companies considering cheating on rules starting next year to combat pollution to save a few dollars on their fuel bills: don’t. Captains and owners of vessels that burn overly sulfurous fuel in the Asian country’s territorial waters could face as long as two years in prison from the start of … [Read more...]

Supply Vessel Sinks in Singapore Shipping Lane

SINGAPORE, Feb 14 (Reuters) - Singapore's Maritime and Port Authority (MPA) said on Thursday that a small supply and personnel vessel with three Indonesian crew members had capsized and sunk in its territorial waters, near where a similar incident occurred a month ago. All three crew members aboard the Ocean Cooper 2 are safe and no injuries or oil pollution were reported, … [Read more...]

Incident Video: Malaysian Vessel, Greek Bulk Carrier Collide in Singapore Waters

By Saket Sundria (Bloomberg) -- A Malaysian vessel and a Greek-registered bulk carrier collided in Singapore territorial waters off Tuas on Saturday, according to a statement from the Maritime and Port Authority of Singapore, which said it was “deeply concerned” by the intrusion. Malaysia’s Ministry of Foreign Affairs said late Saturday that the Greek vessel and its crew … [Read more...]