Two bunkering companies awarded licences

Singapore

TWO global bunkering companies have been awarded new bunker supplier licences to operate in Singapore's port, the Maritime and Port Authority of Singapore (MPA) and Enterprise Singapore (ESG) announced in a joint release on Monday night.

The entry of Minerva Bunkering and TFG Marine will consolidate Singapore's position as a global bunkering and oil trading hub, said the agencies. This brings the total number of MPA licensed bunker suppliers in the port to 45.

The new players will increase the supply of marine fuel that complies with the International Maritime Organization 2020 sulphur regulations in the Singapore bunk…

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