Hong Kong-listed Brightoil Petroleum (Holdings) Limited says it needs more time to complete its audit in order to publish its annual results.
The company’s audit committee has currently engaged an independent adviser to assist with the company’s review.
“The work of the independent advisor will affect the progress of the audit work,” it says.
“The date of completion of the audit and the publication of the announcement regarding the 2017 annual results and 2018 interim results will be further considered with the auditor.
“The company is presently unable to provide a definitive timetable.”
Trading in Brightoil’s shares on the Hong Kong Stock Exchange has been suspended since 3 October, 2017 pending the publication of the company’s 2017 annual results.
Related: Brightoil: Delay in release of 2018 financial results
Related: Update on suspension of trading
Related: Brightoil redeems $9.6 million in outstanding bonds
Photo credit: Brightoil Petroleum (Holdings) Limited
Published: 4 April, 2018
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
The firm took part in several LNG bunkering related developments and received an award for its methanol-fuelled vessels.
‘There is more work to do, but we have solid foundations, which is contributing to the global fight against climate change,’ states Secretary-General Kitack Lim.
We believe methanol will be a transformative fuel in ocean freight, says Managing Director of IGP.
Vessel will have a capacity of 4,227 lane metres and capability to transport heavy cargo with a unit weight of up to 100 tonnes.
To ensure that global trade continues, ICS will hold a conference with national associations from around the world to identify ‘swift and effective solutions’.
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.
