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01 Dec 2022

Malaysia: Straits Energy Resources profit up 24% on rise in oil cargo activity

Oil Bunkering and Shipping Related Services segment generate 166% rise in revenue to RM 906.3 million due to increased cargo trading operations.

01 Dec 2022

Malaysia: Fast Energy cuts Q3 net loss by 58% on year over bunkering gains

Plans to increase current 35% stake in CCK Petroleum to 70%; proposed acquisition was approved by shareholders at the EGM held on 30 August 2022.

Singapore: Liquidator issues dividends for Xihe Capital, Nan Shan Maritime

Dividends payable from 30 November 2022; creditors to collect claim from liquidator’s office situated at 204B Telok Ayer Street Singapore 068640.

01 Dec 2022

Singapore: Final creditors meeting scheduled for IEG subsidiary TXZ Tankers

TXZ Tankers has been experiencing challenging situations in view of the reduction of shipping charters, said International Energy Group in early 2021.

01 Dec 2022

Marine Fuels Alliance partners with Maritime AI™ solutions provider Windward

Windward will work with MFA to provide clarity and guidance on how to better manage risk and optimise due diligence processes for any bunker transaction.

01 Dec 2022

Terntank in 2+2 order for wind/methanol ready next generation hybrid tankers

Newbuildings construct at China Merchants Jinling Shipyard, Yangzhou are designed by Kongsberg and will be scheduled for delivery in spring 2025.

01 Dec 2022

Singapore: Former Captain of “Eng Hup Vigil” sentenced to jail over MGO theft

Hanny Cornelesz piloted the Singapore-registered tugboat to Batam, Indonesia in 2016 where he eventually fled to Jakarta; his accomplices are still at large.

30 Nov 2022

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