New York-listed international bunker supplier Aegean Marine Petroleum Network (Aegean) is requesting for “additional time” from the U.S. Securities and Exchange Commission to file its annual report.
The company was supposed to file its annual report on Form 20-F for the year ended December 31, 2017 by April 30, 2018 – the prescribed due date for such a filing.
“Additional time is needed for the Registrant to complete its consolidated financial statements and assessment of internal control over financial reporting for the fiscal year ended December 31, 2017,” says Aegean in a filing.
“The Registrant does not expect to file the Annual Report within the 15 calendar days following the prescribed due date, but is using its best efforts to finalize its financial statements and file its Annual Report with the Commission as soon as practicable.”
Manifold Times in April reported Aegean welcoming Pavlos Papageorgiou as the company’s new Chief Financial Officer.
The company recorded net loss of $28.6 million in Q4 2017 due to “significant pressures”.
Related: Aegean welcomes new Chief Financial Officer
Related: Aegean reports ‘significant pressures’ in Q4 2017 results
Photo credit: Aegean Marine Petroleum Network
Published: 2 May, 2018
“VPS is here to provide valuable advice on the optimisation of engine performance, asset protection and the reduction of GHG emissions,” it states.
Sold first cargo of 0.5% sulphur bunker fuel with viscosity of around 120 cSt; volume and delivery date unconfirmed.
The company is engaging in preliminary negotiations with Landoil (S’pore) Pte Ltd and both parties have entered into a non-binding MOU for the transaction, it said.
Companies signed an agreement at the Eastern Economic Forum to explore the use of liquefied natural gas, hydrogen, ammonia and methanol.
UOB has started admiralty proceedings against 40 of Maersk Tankers’ ships for alleged misdelivery of cargo; informs it may take action against the vessels – unless security is provided.
Geographical advantage should be leveraged to attract business, says Minister of Science, Energy and Technology.
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.
