BMS United Bunkers Group on Monday (15 June) said it has completed its financial year report ending
April 30th, 2020 with a record Earnings Before Tax (EBT) at USD 24.3 million – an increase of 62% from the last fiscal year.
“It was a fantastic year, which demonstrated the dedication of our talented and experienced staff,” said Lars H. Nielsen, Group Executive Director.
“I am proud of our teams around the world and their determination to continuously and actively support our clients, not only during the chaotic IMO 2020 sulphur changes, but also during the current COVID-19 affected freight market.
“This new challenge inspired and motivated us to satisfy new needs and move forward with our digital transformation looking for novel ways to stay connected with our partners.
“At the same time, through our local offices around the globe, we have strengthened our strategic supplier alliances in key areas we specialise in, such as Hong Kong, the PRC, the East Mediterranean, South and Central America and all Russian ports.
“Especially, in the Russian Far East and Black Sea ports, we remain the single largest bunker buyer world-wide.
“The fact that we have solid financing available has made it possible for us to support our business partners well, whether they are suppliers or clients.”
Photo credit: PublicDomainPictures
Published: 15 June, 2020
TMD and Lumut Maritime Terminal will also set up a bunkering terminal namely “Pit-Stop Bunker Hub @ Lumut” to support the business venture.
Lab’s technical services, lubricant knowledge and specialist insights enable ship operators to decide on the best courses of action specific to their vessels.
Niestern Sander aims to give the vessel a second life through its unique LNG conversion plan to reduce emissions and noise while maintaining speed and power.
Vinalines shares will only be available for trading every Friday on UPCoM due to noncompliance of financial report.
The total value of the vessels is just over $196 million; Clarksons Platou and Arrow Shipbroking Group have been selected to oversee the sale, reports Reuters.
The overall oil supply/demand fundamentals has the biggest bearing on prices and there is still a lot of uncertainty in terms of demand going forward from the lockdowns.
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
