By Roslan Khasawneh SINGAPORE, Oct 19 (Reuters) - Singapore has suspended the licences to sell ship fuel held by a subsidiary of defunct oil trader Hin Leong Trading Pte Ltd since it could no longer meet the licensing requirements, the Maritime and Port Authority of Singapore (MPA) said on Monday. The MPA suspended the licences for Hin Leong's subsidiary Ocean Bunkering … [Read more...]
Singapore’s Ocean Tankers Wants To Return Ships To Owners
By Florence Tan and Anshuman Daga SINGAPORE, Oct 19 (Reuters) - The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court to return most of the ships the company manages to the shipowners, as cash is running low and Ocean Tankers will not be able to maintain the fleet, two sources with knowledge of the matter told Reuters. If successful, the … [Read more...]
Singapore’s Cruises to Nowhere to Set Sail in November
By Kyunghee Park (Bloomberg) --Two cruise ships will start sailing from Singapore from next month into the open seas and back as the city-state aims to give residents some outlet for their wanderlust amid the coronavirus pandemic. Genting Cruise Lines’ World Dream and Royal Caribbean International’s Quantum of the Seas will begin round-trip journeys from November and … [Read more...]
Head of Singapore’s Biggest Marine Fuel Supplier Charged in Shell Oil Heist Case
SINGAPORE, Oct 2 (Reuters) - The founder of one of Singapore's biggest marine fuel suppliers has been charged for his involvement in a large-scale oil theft from Shell's refinery in the city-state, according to a charge sheet reviewed by Reuters. Pai Keng Pheng, the founder and managing director of Sentek Marine & Trading, was accused on Thursday of conspiring to … [Read more...]
Ocean Tankers Seeks To Reclaim $19 Million From Lim Family
by Jessica Jaganathan (Reuters) - The court-appointed manager of Singapore Ocean Tankers is seeking to reclaim about $19 million from the Lim family directors of the firm, who allegedly transferred the funds from the shipping company to their accounts in April, court documents show. The interim judicial managers from EY said the Lim family “breached their fiduciary duties” … [Read more...]