Covid and the slump in oil prices substantially reduced gross profit margins for the company’s bunkering and electronics businesses, it said in a recent financial filing.
The interim precautionary measures should be considered by cargo officers, bunker craft crew and bunker surveyors (if engaged) when conducting their duties at port.
Provides USD 50 million guarantee to TFG Marine in connection with the performance of subsidiaries under bunker supply arrangement with TFG Marine.
‘As a result of focusing on the development of eco-friendly technologies [...] to meet IMO environmental regulations, we have been recognised in the global market,’ said...
KPMG has been appointed by Maybank to be receiver for Ocean Success, Marine Topaz and Ocean Supreme, reports The Business Times.
‘This dedicated facility for crew change and the fund are the results of the collaboration between MPA, industry associations and seafarer unions,’ said Transport Minister.
The protocols aim to guarantee the safe operations of maritime trade – offering reassurance that seafarers can embark and disembark ships safely, said ICS.
VLSFOs have different characteristics which existing bench tests cannot fully evaluate, thus, many established bench tests have to be modified or replaced, it said.
‘The drop of profit from this segment was offset by the port management segment which registered a revenue and PBT of RM3.1 million and RM1.0 million,’...
The group expects to record a consolidated loss of approximately USD 174.2 million and impairment provisions of approximately USD 139 million.
