Hong Kong-listed Brightoil Petroleum has announced a delay in the release of its 2018 financial results.
“Further announcement(s) will be made in respect of the expected dates of publication of 2017 annual results and 2018 interim results and the despatch of 2017 annual report and 2018 interim report, and the meeting of the board for the purpose of, inter alia, approving and publishing the same as soon as practicable,” it said.
Earlier in February, Brightoil engaged an independent adviser to assist with the company’s review.
Manifold Times earlier reported Brightoil redeeming all outstanding unconverted Listed Convertible Bonds with a principal amount of $9.6 million in full on 12 February 2018.
Published: 1 March, 2018
Discussions around the need to develop methanol bunkering operations are taking place at numerous ports ahead of estimated demand of above 7M mtpa by 2030, says Chris Chatterton of Methanol Institute.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
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Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.