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TR EMERITUS

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Archive for the ‘Snippets’ Category

SG shipping fuel scandal sends traders scrambling

Source: Owbunker.com (7 Nov) - Traders and shipping companies scrambled to source fuel and take over supply contracts on Friday after Danish marine fuel supplier OW Bunker said a suspected fraud at its Singapore subsidiary had pushed it to the brink of bankruptcy. The alleged fraud at Singapore-based Dynamic Oil Trading is potentially...

MINDEF press statement on Dr Ng’s visit to China

Press Statement Dr Ng (centre) and his counterpart, Commander Nanjing Military Region (MR) General Cai Yingting (fifth from right), observing the closing ceremony of Exercise COOPERATION 2014, which was co-officiated by Chief of Staff - General Staff Brigadier-General Lim Hock Yu (fourth from left) and Deputy Commander Nanjing...

OW Bunker reports 2 SG-based staff to police

(8 Nov) - OW Bunker (OW) A/S, a Danish shipping fuel provider that went public in March, has declared bankruptcy and reported two employees at its Singapore unit to the police following allegations of fraud. “The board of directors and management deeply regret to inform that it has not been possible to find a sustainable solution,”...

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