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
A global “drop dead date” would address future newbuilt vessels, complementing the impact on existing ships from the carbon tax, says A.P. Moller-Maersk CEO.
BunkerPlanner designed to support ship operators in making optimal bunker purchasing decisions by helping to choose ports, volume and fuel grade for bunkering.
Takes delivery of the first two tankers in Dubai on 15 August, with remaining tankers delivered in coming months
Having a surveyor’s watchful eye to detect illegal activities also sends a strong signal to barge and vessel crew not to undertake any intended non-compliance, states VPS Senior Sales Manager.
‘We still believe in an oil price recovery, possibly as early as June, and see a risk for a tight market in 2022 with prices much higher than pre-crisis levels,’ says Rystad Energy.
Oil tanker special purpose vehicles will be wound up voluntarily and a provisional liquidator has been appointed for winding up the companies.
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.
