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Consort Bunkers acquires five bunker tankers in Q4; orders up to seven more newbuilds from China

‘We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,’ company source tells Manifold Times.

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Marine Hope final white

Singapore-based bunker supplier and logistics services provider Consort Bunkers Pte Ltd has started a major bunker tanker expansion programme in the fourth quarter (Q4) of 2020, learned Singapore bunker publication Manifold Times.

“We have taken delivery of the 5,646 dwt Marine Hope and 6,020 dwt Marine Swift in September 2020,” according to a company source.

“We are expecting to take delivery of the 7,022 dwt Marine Kite and 6,842 dwt Marine Tiger by December 2020.”

The company in October acquired the 7,550 dwt bunker tanker Heredia Sea from Glencore Group to support its U.A.E. operations; the source took the opportunity to correct an earlier error from another publication – which incorrectly stated the vessel to be owned by Xihe Group.

Meanwhile, he added Consort Bunkers has taken on another newbuilding phase for up to seven 8,000 dwt bunker tankers.

The newbuilds will be delivered over the next two years from a Chinese yard and be identical to the Consort ‘M’ series of newbuilds first ordered in 2016.

“This next phase is more of a fleet expansion, while the previous one in 2016 is for fleet renewal,” he explains.

Moving forward, the source shared his opinion on the series of Singapore commodity trading mishaps the republic encountered earlier this year.

“We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,” he stated.

“The Singapore bunkering sector itself is contained in an ecosystem which leaves very little room for fraud manipulation.

“This is because the Singapore bunkering sector is very much regulated by the Maritime and Port Authority of Singapore (MPA), whereas the cargo trading sector is not regulated by anyone.

“Further, the bunker business has been holding in Singapore despite the downturn in economy and Covid-19; to date, no bunker supplier this year has closed business due to the broader economic challenges brought about by Covid-19.

“In fact, overall bunker demand at Singapore port has increased while sales volumes at other international ports decreased.

“We are very optimistic on the growth of the Singapore bunker sector, and back this up with the latest round of investments.”

Related: Consort Bunkers takes productivity to new levels with latest fleet expansion

 

Photo credit: Consort Bunkers
Published: 16 November, 2020

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Business

Singapore: Singamas Petroleum Trading welcomes newbuild “Pacific Wise” to bunkering fleet

The 6,948 dwt Yanmar-powered marine refuelling vessel has a carrying capacity of 6,603 mt and is capable of operation on B100 biofuel.

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Pacific Wise 1 MT

Singapore accredited bunker supplier Singamas Petroleum Trading Pte Ltd (Singamas) on 15 June welcomed its newly built Singapore-flagged bunker tanker Pacific Wise (SB2777C) to its bunkering fleet.

The Yanmar-powered marine refuelling vessel, which has a carrying capacity of 6,603 metric tonnes (mt), is capable of operation on B100 biofuel.

Pacific Wise joins Singamas’s current bunkering fleet comprising of Pacific Sincere, Pacific Honour, and Pacific Pride at Singapore port.

“The successful approval of Pacific Wise represents an important milestone in the sustainable growth of our company,” Eric Loke, Chief Operating Officer of Singamas, told Manifold Times.

“Their collective efforts have enabled Pacific Wise to enter commercial service successfully.

“As Pacific Wise commences operations, we remain committed to delivering safe, reliable and high-quality bunkering services while supporting Singapore’s position as the world’s leading bunkering hub.

“We look forward to serving our customers with the highest standards of safety, compliance, operational excellence and customer service.”

Pacific Wise 2 MT

Alex Ow Yong, BBM, Adviser to Singamas, highlighted the development further strengthens Singamas’ commitment to provide safe, reliable and efficient bunker delivery services while upholding the highest standards of safety, operational excellence and regulatory compliance for marine fuel deliveries at Singapore port.

“We extend our sincere appreciation to the Maritime and Port Authority of Singapore (MPA), China Classification Society (CCS), our shipyard, consultants, business partners and all stakeholders for their invaluable guidance, professionalism and strong support throughout the construction, classification, registration and approval process,” he stated.

 

Photo credit: Singamas Petroleum Trading
Published: 24 July 2026

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Business

Singapore-based law firm Helmsman names Lin Yan Yan as Chief Executive Officer

Lin joins with over 15 years of senior leadership experience across Asia, most recently as Vice President at ONE Championship, Asia’s largest global sports media property.

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Singapore-based law firm Helmsman names Lin Yan Yan as Chief Executive Officer

Singapore-based multi-disciplinary law firm Helmsman LLC on Friday (24 July) announced the appointment of Lin Yan Yan as Chief Executive Officer.

Lin’s appointment took effect in June 2026.

Lin joined the company from ONE Championship, Asia’s largest global sports media property, where she served as Vice President with cross-functional responsibility across corporate development, commercial, and corporate affairs.

At ONE Championship, she led global teams, drove market expansion, and spearheaded strategic initiatives including the global distribution of ONE’s media rights worldwide, the structuring and closing of commercial partnerships with leading media, brand and government organisations, the launch and scaling of new business lines, and fundraising across multiple financing rounds. She also led ONE’s Analytics & Insights function and oversaw the organisation’s China business.

Earlier in her career, Lin was a strategy consultant at L.E.K. Consulting before transitioning into principal investing roles at Mission Holdings, VisVires Capital Asia, and Volta Circle. She began her professional career as a litigation lawyer at Drew & Napier LLC.

Lin holds an MBA from INSEAD, an LLB (Hons) from the National University of Singapore, and has completed MIT’s Applied Data Science Program. She is admitted as an Advocate & Solicitor of the Supreme Court of Singapore and is fluent in Mandarin.

Ian Teo, Managing Director, Helmsman, said: “We are delighted to welcome Yan Yan to Helmsman as our Chief Executive Officer. Yan Yan joins Helmsman at an exciting stage of the firm’s growth. 

“Her record of building and running complex organisations across Asia, combined with her deep commercial and strategic instincts, makes her exceptionally well-placed to lead the firm through its next chapter. We look forward to the energy and vision she brings to this role.”

 

Photo credit: Helmsman
Published: 24 July, 2026

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LNG Bunkering

Stabilis Solutions targets Q3 2028 launch for Galveston LNG bunkering facility

Firm received a LOR from US Coast Guard following a review of a LNG Facility and associated waterfront LNG loading, marine transportation, and LNG bunkering operations in the Port of Galveston.

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Stabilis Solutions targets Q3 2028 launch for Galveston LNG bunkering facility

Clean energy production solutions provider Stabilis Solutions (Stabilis) on Friday (24 July) said the proposed Stabilis Galveston LNG Facility is anticipated to be in production by the third quarter of 2028. 

It will come complete with the delivery of the first new-build, dedicated Jones Act-compliant LNG bunker barge in the Galveston/Houston area.

“This is a significant regulatory and project milestone for Stabilis,” the company said. 

This comes following Stabilis receiving a Letter of Recommendation (LOR) from the US Coast Guard following their formal review of the proposed Stabilis Galveston LNG Facility and associated waterfront LNG loading, marine transportation, and LNG bunkering operations in the Port of Galveston.

“This critical endorsement of our project from the USCG Captain of the Port to the Port of Galveston and the Galveston Fire Marshal comes after a rigorous safety and security review process,” it said.

“This included a comprehensive evaluation of the potential risks, including navigation hazards, vessel traffic density impacts, emergency response capabilities, maritime security threats, and application of appropriate mitigation measures.” 

Manifold Times previously reported Stabilis terminating a previously announced 10-year agreement with a leading investment-grade global marine operator to supply LNG from the company’s proposed 350,000 gallon-per-day Galveston liquefaction facility.

As a result, the company expected delays to the anticipated final investment decision, project financing, and development timeline for the Galveston LNG facility. 

Related: Stabilis Solutions terminates 10-year LNG supply deal, expects delay in Galveston project

 

Photo credit: Stabilis Solutions
Published: 24 July, 2026

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