Veritas Petroleum Services records numerous contaminants such as plastic, fibres, black gum, paraffins, fatty acids, and other component found in the off-spec RMK 700 marine fuel.
SK Energy resumed HSFO supply in January with a capacity of about 10,000 t/month, which could rise to 15,000-20,000 t/month, according to market sources, it said.
FOBAS will continue to assist its clients throughout Lunar New Year, however the company anticipates its usual services to be affected during this period, it said.
A meeting of creditors will be held electronically for both companies on 18 February with Pan Energy’s meeting at 10.00 am and Panoil’s meeting at 11.00...
Sanctions applied after refusal by Brightoil to comply with repeated requests by HKEX to publish an announcement regarding the cancellation of its listing, it said.
“I’m pleased to welcome the Norwegian team into our family,” says Koh Kuan Hua, Director of Sea Oil Petroleum Pte Ltd, who looks forward to the...
Course includes topics on valid and binding transactions; quality or quantity disputes; shipping issues; contract termination; claims; insolvency and others. Registration closes 25 February 2021.
Excluding inventory effects, Shell made a loss of $4.48bn in the October-December period, compared with a profit of $871mn a year earlier, reports Argus Media.
Proposal highlighted CPC’s capacity to import marine fuel and supply to local bunker suppliers at competitive prices to increase port traffic, reports Daily News.
Some charterers may, in their haste to be sanctions compliant, develop their own AIS “switch off” clauses that might expose owners to being terminated, it said.
