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.
20 December, 2017
8:00 am Singapore time
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.