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.
Related: Update on suspension of trading
Related: Brightoil redeems $9.6 million in outstanding bonds
Published: 1 March, 2018
FMSI increasing production capacity through constructing a 40,000 square meter facility in Batam, Indonesia.
Customers using the platform will be able to view details including quality of fuel delivered, operational timelines and quantity received per mass flow meter profiles.
Attending creditors may send any questions or other substantial and relevant matters they wish to raise at the meeting by way of email by 19 May.
Framework contract will run for a period of four years and currently covers 22 countries in the Mediterranean, Black and Caspian Seas.
‘[...]The IHS Markit’s data reveals we are the second largest port network in the international marine lubricants segment,covering a total of 93 countries,’ said Total Lubmarine.
Analysing a diverse range of data predicting diminishing losses at varying paces, Integr8 Fuels says it is likely VLSFO prices will remain below $300/ton for the next 12 months.
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.
