15/04/2020
Reports of financial difficulties facing one of the biggest players in the Singapore bunkering market, Hin Leong Trading (Pte.) Ltd. give rise to concern within the industry. Hin Leong’s bunker arm, Ocean Bunkering Services (Pte.) Ltd. (OBS), was ranked the third-largest shipping fuel supplier in Singapore last year. It is understood that OBS has informed its customers that it plans to suspend marine fuel deliveries, after banks failed to provide a letter of credit to buy cargoes.