The Singapore-listed company has been reducing operations in October after selling its US oil trading business to Vitol.
'Our thoughts and prayers are with the seafarers still missing from the oil tanker Sanchi,' says IMO.
Builds refinery using Eni Slurry Technology to convert refining residues into high quality light products.
The Spanish company which starts operating from 1 January is a spin-off from Transcoma Shipping subsidiary Transcoma Bunkers.
The first of such vessels which ferry domestic waste was launch on 4 January, according to local media.
Total of 17 men arrested, together with $2.29 million in cash and 12,000 dwt tanker seized.
The company will now operate two offices and concentrate on niche markets, owner tells Danish shipping media.
Overall industry confidence hit a three-year high in 2017, says Partner Richard Greiner.
47% of energy for shipping will be from oil-based fuels by 2050, finds its Energy Transition Outlook – Maritime report.
Length of Aranda will be extended by seven meters to 66 meters as part of several upgrades.
