Business

Suspension unlikely to stop Glencore from supplying oil to marine fuels market


SINGAPORE – Glencore is expected to continue supplying the marine fuels market in Singapore with fuel through small and medium-sizedlicensed bunkering companies, despite a two-month suspension for knowingly supplying contaminated oil to shipowners earlier this year, industry sources said.

On Wednesday (Aug 3), the Maritime and Port Authority of Singapore (MPA) announced that it was suspending the global commodity trading giant’s Singapore unit’s licence from Aug 18, for wilfully supplying tainted marine fuel to 24 ships between March 22 and April 1.



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