Mon 17 Nov 2014, 08:25 GMT

SSA meeting: 'No disruption' to bunkering in Singapore


Meeting with companies from the Singapore Shipping Association (SSA) is said to have established that there had been no report of disruption to bunkering in Singapore.



The Maritime and Port Authority of Singapore (MPA) and the Singapore Shipping Association (SSA) have confirmed that last week they hosted an industry dialogue with "close to 50" members of the SSA, where "it was established that there had been no report of disruption to bunker supply and bunkering operations in Singapore".

Co-organised by the MPA and SSA on Thursday, November 13, the participants are said to have gathered for updates and discussed ways to minimize any impact of the collapse of OW Bunker A/S on the local bunker market.

"The attendees were advised to carefully inspect their contractual obligations, and to work closely with their stakeholders to avoid or minimise disruption in their operations," the MPA and SSA said in a joint statement entitled 'SSA joins MPA in confirming no disruption to bunker supply in Singapore'.

SSA President, Patrick Phoon, commented: "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."

Andrew Tan, Chief Executive of the MPA, remarked: "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."


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