GP APAC owes about USD 464 million to its top unsecured creditors including Credit Suisse (USD 91 million) and UBS Switzerland (USD 70.4 million), reports Reuters.
Xihe Holdings filed the petition in October, 2020 as a creditor of the companies and it was approved on Wednesday 10 February 2021.
Introducing incentives for bunker fuel suppliers to make low- and zero-carbon fuels available in the market is a prerequisite for the decarbonisation of the sector.
CYE Petrol CEO called for local bunker vessel tonnage restrictions to be lifted so that larger vessels would be more likely to refuel at Turkish ports.
To achieve net zero Scope 3 emissions, the solutions to get there cannot be borne alone - a collective interest that serves all interests is needed,...
Søren Høll, CEO at KPI OceanConnect, shares how marine energy procurement strategies need to adapt to prepare for the future.
Acquisition to be made by Sierra Pioneer Marine, owned by SIL subsidiary Straits Marine Fuels from Singaporean owned vessel trading company Ocean World Inc.
Most HSFO supplies are based on long-term contracts, as shipowners look to lock in supplies even after the bulk of the market switched to VLSFO, reports...
Front-month margin for VLSFO contracts was at USD 15 a barrel more than Dubai Crude on 9 February due to supply tightness and steady demand, reports...
In the last week, FOBAS said it tested several ISO-F- RMG380 samples from Singapore, which exceeded the ISO 8217 specification limit of 0.50 % v/v for...
