Latest development alleges Chua Chin Lan facing total debt of approximately USD 5 million due to personal guarantees undertaken with Innovek and Global Energy Trading.
‘We still believe in an oil price recovery, possibly as early as June, and see a risk for a tight market in 2022 with prices much...
Forecasts marine gross profit to be more meaningfully impacted by both coronavirus situation and lower bunker fuel prices, particularly low sulphur fuel oil, in Q2.
The Gas Agility has the ability to bunker 23,000 TEU container ships, allowing them to sail 19,500 nautical miles covering a round-trip voyage from Europe to...
Built by Shanghai Waigaoqiao Shipbuilding and Guangzhou Shipbuilding, the vessels will be delivered by 2023 and leased to Shell by the Bank of Communications.
Company has reached settlement agreements with creditors Toyota Tsusho Corporation, Broad Action Limited, and Luso International Banking Ltd in Hong Kong.
PetroChina expects the global oil market to remain oversupplied and prices low this year, and takes "active measures" to deal with the risk of crude price...
Package not only includes monetary assistance for companies, individuals and seafarers but also educational support to ready the industry for post COVID-19 realities.
MPA, SMOU, SOS, and SSA are calling upon ships in the Port of Singapore to sound their horns for 15 seconds at 12 noon (Singapore local...
Few cases of ISO 8217:2017 (bunker fuel standard for marine distillate fuels) found to be inadequate; IUMI engaging parties to reduce risk of bunkers not meeting...
