The company finds its earlier formulated environmental guidelines created in 2015 can no longer apply and more drastic action is needed.
Backed by several government agencies, banks will be consulting trading companies to strengthen Singapore’s competitiveness as a global commodities trading hub.
CMES has agreed to acquire 70% of equity ownership in Singapore-based bunker trading company China Merchants Energy Trading for USD 16 million in cash.
Indonesian-flagged offshore supply vessel was arrested at Singapore port in May 2019 over an alleged dispute over payment for goods and services.
Hafnia said it is disappointed by Ardmore’s response and continues to believe that its proposal is in the best interests of Ardmore’s shareholders.
A decline in traffic brought on by low bunker prices would lead to a competitive disadvantage at the canal compared to longer alternate routes which are...
Until recently, bunker fuel sales [...] were buoyed by opportunistic restocking, but sales volumes have since caught up with the reality of slowing global trade, notes...
Report shows ICAO’s framework offers a solid blueprint for the shipping sector and identifies areas where the IMO should be more ambitious than ICAO.
CIMB is looking to recover USD 105 million that it has lent to the company and Hontop owes approximately USD 470 million to seven creditors, reports...
Firm had already set out long term plans to implement fleet modifications, GHG emission monitoring systems and switching to VLSFO bunker fuel 10 years ago.
