rss icon Subscribe
desktop mobile

Pegasus Maritime Loses Operator Licence in Singapore

© Lambros Kazan / Adobe Stock

Marine fuel services provider Pegasus Maritime (Singapore) Pte Ltd has lost its licence to operate bunker crafts in the port of Singapore effective July 16, the Maritime And Port Authority (MPA) of Singapore said on Monday.

The MPA has revoked Pegasus Maritime's craft operator licence after investigations earlier this year revealed the company had allowed an unlicenced craft operator to use its bunker craft to make bunker deliveries, it said in a statement.

Pegasus Maritime did not immediately respond to requests for comment.

Pegasus Maritime is the first company to be stripped of an MPA-issued licence this year after a clampdown in 2017 on short deliveries to bunker fuel customers saw three of Singapore's top 10 bunker fuel suppliers losing their licences.

Industry sources said Pegasus Maritime, primarily a supplier of marine gasoil, itself had not been active in the market and its expulsion would have a limited impact on the marine fuels market in Singapore, the world's largest.

According to the MPA's website, as of July 5, the Singapore-based company is also licenced to supply marine fuels, also known as bunkers, in Singapore. It is licenced to supply diesel, gasoil and fuel oil bunkers.

The MPA in 2017 ranked Pegasus Maritime 49 of 55 bunker fuel suppliers by volume.

(Reporting by Roslan Khasawneh; Editing by Gopakumar Warrier)

Jul 16, 2018


Fuels & Lubes

Chevron, ExxonMobil, Occidental Petroleum Join Oil and Gas Climate Initiative

Image: Oil and Gas Climate Initiative

The Oil and Gas Climate Initiative (OGCI) announced three new member companies that together

C-Job Researching Ammonia as Marine Fuel

(Image: C-Job Naval Architects)

C-Job Naval Architects based in the Netherlands announced it has joined the Ammonia Energy

BW Adolo FPSO Produces First Oil

BW Adolo. Photo: BW Offshore

BW Offshore has announced that first oil from the BW Adolo FPSO was safely achieved on Sunday


INSIGHTS: John Rynd / President , CEO and Director, Tidewater Inc.

John Rynd / President , CEO and Director, Tidewater Inc.

Mr. John Rynd graduated from Texas A&M University with a Bachelor of Arts degree in Economics.

US Coast Guard Publishes Final Ballast Water Management Reporting Requirement

© tempakul / Adobe Stock

A Final Rule eliminating the requirement for certain vessels that operate on voyages exclusively

Gulftainer Signs 50-year Lease for Port of Wilmington

Peter Richards, Group CEO of Gulftainer; Delaware Gov. John Carney; H.E. Yousef Al Otaiba, Ambassador of the United Arab Emirates to the United States; and Badr Jafar, Chairman of Gulftainer’s Executive Board, at the ceremony marking the Port of Wilmington concession agreement signing. Photo by Gulftainer

Gulftainer, the world’s largest privately-owned independent port operator and logistics company

Maritime Apps