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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Pegasus has bunker craft operator licence revoked in Singapore

Supplier is deemed to have allowed an unlicensed firm to use its vessel to perform deliveries.



Merlion statue, located at Merlion Park, Singapore. Image credit: Bernard Spragg Flickr CC0 1.0


Updated on 16 Jul 2018 09:33 GMT

The Maritime And Port Authority Of Singapore has revoked the bunker craft operator licence of Pegasus Maritime (S) Pte Ltd with effect from July 16, bringing the total number of licensed marine fuel suppliers at the Asian port down to 51.

According to the MPA, investigations revealed that Pegasus had allowed an unlicensed craft operator to use its bunker vessel to perform bunker deliveries.

"Given the severity of the breaches, MPA has revoked Pegasus' bunker craft operator licence," the MPA explained.

Last year, Pegasus was ranked 49th on the MPA's list of 55 bunker suppliers by volume, down from 44th in 2016.

Other companies to have recently lost their licence include Transocean Oil, Panoil Petroleum and Universal Energy.

In a warning to other companies, the port authority stated on Monday: "MPA reminds all bunker licensees to adhere strictly to the terms and conditions of their licences. MPA takes a serious view of contraventions of the licence terms and conditions, and will suspend or revoke the relevant licences where necessary."






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