EC probe drives biodiesel trading to a halt

The European Commission (EC) is no longer using Singapore, Asia’s key regional hub for oil trading, as a transshipment point for biodiesel because of the current anti-circumvention probe. Singapore was used to consolidate shipments of palm methyl ester (PME) from Malaysia and Indonesia, but traders are now likely to send shipments directly from producing origins, reports said. (September 1, 2010)