Parent firm Grindrod cuts losses by more than half, exits rail business, considers listing shipping division on NYSE.
The bunker tanker Explorer was involved in a collision with Samudra Indah on Thursday.
Oversupply of offshore logistics vessels and jack-up rigs in the industry affecting Singapore group’s business.
The LNG ready Ore Tianjin can sail between any two ports in the world without bunkering.
Hong Kong-based bunker supplier records decrease in local volume due to market developments at China.
Dubai-based Lamin Bara and Rali Bara receive promotion on the back of rapid expansion and future company direction.
The company sold a total of 2.8 million mt of marine fuel during the year, it said in an operations update.
The company, which operates 12 river bunker stations in North West Europe, will be listing “in the coming weeks”.
Increase attributed to 20% rise in international container traffic, according to Las Palmas Port Authority.
Initiative will ensure a systematic and uninterrupted flow of marine fuel for port users, says MD of Suria Group.
