Court finds $90.2 million in unaccounted transactions and sentences Lars Moller to prison for one and a half years, in verdict of OW Bunker bankruptcy case.
Company will continue its International Trading & Bunkering (ITB) and Marine e-Commerce business.
Judgement of Lars Moller to be out on Wednesday afternoon (Denmark time), says Danish court.
Stronger Malaysian currency eroded RM 0.42 million from profit before tax, says bunkering firm.
Bunkering firm borrows to refinance indebtedness and general working capital requirements.
European Investment Bank to provide EUR 50 million fund for total of five port projects.
Heidmar Bunkering Services provides bunkering risk management and scenario planning for 2020.
Suria Capital Holdings notes of ‘low volume’ for its bunkering business in Q1 2018, but remains committed to Sabah operations.
The best analogy of OCM is of a blood test taken by your doctor to identify, predict and help combat on any potential health issues.
Charges from both firms will be effective from 1 June, due to recent increase in bunker prices.
