Elshan Aliyev of global energy and commodity price reporting agency Argus Media on Friday (10 September) reported on a business expansion by Montfort.
Global commodity trading company Montfort has acquired a 58, 000 m³ oil product storage facility in the port of Matola in Mozambique.
Montfort bought the storage from Matola Terminal de Armazenamento de Petróleos, a company that owns and operates an oil tanking storage facility at the port.
Montfort plans to operate and develop the clean products storage in close partnership with Malaysia-based trading firm Energi Asia.
The acquisition is in line with Montfort’s expansion plans in Africa, and follows its recent purchase of a majority stake of Kenyan oil marketing company Kencor Petroleum.
Montfort’s bunkering arm recently started deliveries of marine fuels at Fujairah in the UAE, the world’s third-largest bunkering hub.
Photo credit and source: Argus Media
Published: 14 September, 2021
Additional topics of bunker contamination and OCM services discussed at VPS’ Fuel Management Challenges – The Year of 2021 & Beyond webinar on 23 September; Manifold Times summarises the session.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.