Bomin Bunker Oil Pte Ltd., the Singapore arm of marine fuels trading and supply firm Bomin Group, intends to follow through earlier contractual obligations upon its gradual wind down of operations at Singapore, says its Managing Director.
The company on Friday (21 September) announced that it will exit the bunker markets in Singapore and Antwerp, confirming earlier industry rumours first reported by Singapore-based independent bunker publication Manifold Times.
“We would like to share with you that Bomin Bunker Oil Pte Ltd. currently plans on scaling back its future business activities in Singapore, as such Bomin Bunker Oil Pte Ltd. will not be concluding any new back-to back trading activities starting from today’s date,” said Paul Bradshaw in a note to the bunkering industry.
“Not only does Bomin Bunker Oil Pte Ltd. belong to a large group of companies, it remains a reputable company committed to complying with all of its contractual obligations, which especially includes making all of its contractual payment obligations as well as fully performing and completing all of its contractual services.
“We look forward to continuing our commercial relationship and working together. Should you have any further questions, please do not hesitate to contact us anytime.”
Related: Official: Bomin exits Singapore and Antwerp bunker markets
Related: Breaking: Bomin Singapore, Mabanaft fuel oil team allegedly exiting market
Related: Bomin closes Dubai office, appoints new MD
Related: Mabanaft: ‘Unsatisfactory’ 2017 bunker results
Related: Bomin sells off German bunker subsidiary
Published: 24 September, 2018
‘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.
Dwivedi Vivek Kumar ended his tenure as Global Head – Bitumen & Shipping & Regional Head – APAC at GP Global APAC on 10 November 2020 due to internal structuring of the GP Global Group.