Singapore

Articles mentioning Singapore

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market March 10, 2026

Hormuz Closure Drives Bunker Prices to New Highs

Bunker prices have surged to record levels due to the ongoing conflict involving Iran and the US/Israeli coalition, as reported by Splash247. Ship & Bunker notes that the average global price for IFO380 heavy bunker fuel reached $841.50 per ton, surpassing the previous record of $760. The price in Singapore, a key maritime hub, has also seen significant increases.

Singapore (SG)

Splash247

fleet February 23, 2026

Teekay Tankers Exits VLCC Sector with $84.5m Sale

Teekay Tankers has exited the VLCC sector by selling the 2013-built Singapore Spirit for $84.5 million, as reported by Splash247. The vessel, formerly known as Hong Kong Spirit, was linked to Sinokor over the weekend. This follows a similar sale by CMB.TECH earlier this month.

Singapore Spirit (tanker) Hong Kong Spirit (tanker) Ingrid (tanker) Singapore (SG)

Splash247

Seatrade Maritime

operations February 9, 2026

Pax Ocean Launches $157m Shipyard in Singapore

Pax Ocean has inaugurated a new $157 million shipyard in Singapore, replacing a smaller facility, as reported by Seatrade Maritime. The new yard is equipped to handle newbuilding, fabrication, conversion, and repair work.

Singapore (SG)

Seatrade Maritime