Brightoil Petroleum (Brightoil) Holdings Limited on Wednesday (11 November) published a company update regarding the winding-up petition filed by a petitioner.
According to the statement, the petitioner and Brightoil have reached consent and the petition was subsequently dismissed by an order from the High Court of Hong Kong on Monday, 9 November.
Related: Brightoil to focus on upstream business in future development following HKSE delisting
Related: HKSE: Brightoil Petroleum Holdings shares to be cancelled from 20 October, 2020
Related: Brightoil Petroleum Holdings responses to cancellation of company shares on HKSE/
Related: Brightoil Petroleum publishes notice regarding winding-up application filed by creditor
Photo credit: Brightoil Petroleum Holdings Limited
Published: 12 November, 2020
4.19 million mt of various bunker fuels were sold at the world’s largest bunkering port in March, less than 4.32 million mt recorded during March 2020.
CEO expects ‘similar outcome’ in performance for marine segment during the coming third quarter.
Completion of SS 660 and TR 80, with SS 648, forms a trinity of bunkering standards covering the local bunker supply chain, says Chairman, TC for Bunkering.
MPA said it is working with the industry taskforce to provide more detailed guidelines on the ‘safe-corridor’ procedures to safeguard the crew change process.
Bunker prices saw an uptick through the end of November compared to the first wave of Covid-19, but have remained low compared to the start of the year, it said.
The bank is allegedly releasing its front office staff, and all clients with transactions in Singapore will be managed by its Hong Kong office, reports Bloomberg.
‘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.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
