New York listed bunkering firm Aegean Marine Petroleum has extended credit initially worth $190 million to six major firms, shows a recent filing to the U.S. Securities and Exchange Commission (SEC).
The approved debtors list showed credit made available to the following firms and their subsidiaries:
$40 million (plus an increment of $30 million subject to conditions) – WFS Group
$35 million – Chemoil Group and Oceanconnect Group (part of Glencore Group)
$25 million – Mitsui Group
$30 million – Qatargas Group
$30 million – Hapag-Lloyd AG
$30 million – Wallenius Wilhelmsen Logistics As / Eukor Car Carriers Inc
Note: The full document filed on 15 December, 2017 is available here; details found specifically on page 208.
Published:
20 December, 2017
8:00 am Singapore time
Listing of Brightoil’s shares on the Stock Exchange was cancelled on 16 March 2020, according to a written Judgement of Russell Coleman, a Judge of the Court of First Instance.
‘Maritec is the only dedicated one-stop-shop capable of meeting all of the maritime industry’s fluid and materials testing, analysis and certification requirements,’ it said.
Singapore Supreme court to auction off the UE Star after January, show documents.
Sources explain to Manifold Times the cause of recent supply issues at Singapore port and, more importantly, suggestions to fix this.
Vessel is travelling through the China Pakistan Service (CPS) route starting from Singapore to Shanghai using a biofuel made from a blend of FAME and VLSFO.
The guide introduces issues that may arise when seeking to comply with the Sulphur Cap and Carriage Ban, and likely areas of dispute in bunker fuel supply contracts.
‘We’ll start the application [to MPA] before the end of 2022 and hopefully to receive approval within six months or sooner,’ L. Y. Hwang, Director / General Manager of Oval Asia Pacific Pte Ltd, tells Manifold Times.
Digitalisation makes it easier for shipowners to conform to growing external regulations such as new sulphur regulations and ‘no scrubber’ zones; operators can identify better bunkering options to reduce costs.
Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Fifteen incidents of misappropriation of Shell gasoil worth USD 10,4 million went undetected by Shell between 2016 to 2017 due to Muhammad Ali Bin Muhammad Nor’s involvement, learned Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.
