Proposed private placement is expected to raise gross proceeds of up to approximately $3.43 million, says UOB Kay Hian Securities.
The firm took part in several LNG bunkering related developments and received an award for its methanol-fuelled vessels.
Additional services on top of bunkering needed at port, says Marketing & Ocean Operations Manager at Celero.
Vessels to remain at the facility after completion of second phase project by mid-May next year, says CHEC spokesman.
Clarksons Shipping Agency in talks with two unnamed firms to develop the $200 million facility, says Managing Director.
Indian Oil Corporation and Bharat Petroleum Corporation planning to import low sulphur bunker fuel to local market.
Trading of Brightoil’s shares has been suspended since 3 October 2017 pending release of its annual results.
Euronav and Gener8 on Friday merged to create the shipping market’s leading independent large crude tanker operator.
The Committee for Aegean Accountability expressed ‘severe concerns’ regarding shareholder value destruction caused by poor financial and operational management.
The Marine Selena arrived Singapore on Tuesday morning and is scheduled to start bunkering operations in early January 2018.
