Bunkering Operations in Singapore Undisrupted
- Business & Finance
There has been no report of disruption to bunker supply and bunkering operations in Singapore, the Singapore Shipping Association (SSA) said having consulted with close to 50 companies.
Co-organised by the Maritime and Port Authority of Singapore (MPA) and SSA yesterday, the participants gathered for updates and discussed ways to minimise any impact on the local bunkering scene following the recent announcements made by OW Bunker A/S.
The attendees were advised to carefully inspect their contractual obligations, and to work closely with their stakeholders to avoid or minimize disruption in their operations.
“The bunkering industry here is a well-regulated one. While I urge my members to seek professional and legal advice as necessary, I also hope that those affected by this event would remain calm and not resort to knee-jerk reactions which may rock the stability and reputation of Singapore’s bunkering industry. My Association will be working closely with MPA to ensure that there would not be any unnecessary disruption in bunker supply and operations here,” said SSA President Patrick Phoon.
MPA Chief Executive Andrew Tan added, “This has been a useful session for the shipping and bunkering community to come together to understand the current situation and to discuss practical steps forward. MPA will continue to work closely with SSA to manage the situation. We will also work with our licensed bunker suppliers to minimise any disruption to bunkering operations in Singapore.”