The company has received a letter of intent from Fairfax Financial Holdings Limited in late December.
Ronnie Ho officially started his tenure at Brightoil Petroleum in January, company tells Manifold Times.
Proposed private placement is expected to raise gross proceeds of up to approximately $3.43 million, says UOB Kay Hian Securities.
Four bunkering vessels will deliver fuel oil while remaining ship will handle MGO operations, says Hin Leong bunkering arm.
Bunkering and development of coastal infrastructure for cruise sector under study by shipping firms.
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.
