MPA making "routine" checks on Tankoil as sector deals with OW Bunker fallout

THE Maritime and Port Authority of Singapore (MPA) said it was making "routine" checks on Tankoil Marine Services, reportedly involved in the OW Bunker saga.

Responding to queries from The Business Times, MPA said in a statement: "As the regulator of bunker suppliers, MPA is conducting routine checks on Tankoil Marine Services Pte Ltd. This is part of ongoing efforts to ensure the safety, reliability and quality of bunker supplies in Singapore."

News reports on Tuesday suggested that Tankoil could have been involved in the alleged bunker fraud in Singapore that led to the collapse of Danish bunker supplier and trader OW Bunker.

Tankoil did not respond to BT's queries on these allegations.

A flurry of firms have filed lawsuits against the Singapore units of OW and traders say this is likely just the beginning of a wave of court actions.