Singapore’s top bunker suppliers lose licences for dishonest practices

Bunkering, Maritime Fraud — By on August 31, 2017 at 3:18 PM


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31 August 2017

Singapore’s top bunker suppliers lose licences for dishonest practices
Singapore-based bunker suppliers, Universal Energy and Panoil Petroleum have lost their operating licences for dishonest practices.
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From the editor
South Korea’s flagship carrier Hyundai Merchant Marine has confirmed orders for five very large crude carriers and two 11,000 teu container ships.The company is relying on the government’s newly created ship finance institution, Korea Shipping & Offshore, to bankroll the newbuildings. Read more

Banking on relationships
Some German shipowners are getting huge debt write-offs, while others have not been so lucky.
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