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”.
Photo credit: Aegean Marine Petroleum Network
Published: 2 May, 2018
Cai Zhi Zhong received a total of about USD 1.3m to USD 1.6m, of which he saved a portion and spent the rest, including on property, cars and watches, according to court documents obtained by Manifold Times.
‘MFMs will continue to have a place within the bunkering sector even when the shipping industry continues to adopt new types of marine fuels, such as LNG, biofuel, methanol, ammonia and hydrogen,’ states spokesman.
Current ISO 8217 bunker fuel standard not comprehensive enough for biofuels; National Mirror Committee working with local players to develop more comprehensive biofuels standard for Singapore, says Capt. Rahul.
‘There are some important differences between VLSFO and biofuels, and as a result, parties should consider whether additional changes should be made to biofuel bunker contracts,’ says Paul Collier.
Quek Rong Hong first joined Shell sometime in 2005 and had held the position of Blending Specialist from November 2017. At the time of arrest, his monthly basic salary was about SGD 4,300, showed documents.
Glencore previously commenced Singapore International Arbitration Centre Emergency Applications against Straits Pinnacle but those applications were dismissed, according to documents obtained by Manifold Times.