Hong Kong-listed Brightoil Petroleum (Holdings) Limited has redeemed all outstanding unconverted Listed Convertible Bonds with a principal amount of $9.6 million in full, together with accrued and unpaid interest on 12 February 2018.
The development is part of an earlier voluntary announcement on 15 November 2017 when Brightoil described the company entering a "relevant event" to redeem the bonds.
"Following the company’s request for suspension of trading in its shares and debt securities on the Stock Exchange from 9:00 a.m. on 3 October 2017, a relevant event occurs as at the date hereof," it said in the voluntary announcement.
Brightoil issued Listed Convertible Bonds valuing $12 million and Unlisted Convertible Bonds valuing $150 million on the Hong Kong Stock Exchange during 19 November 2015 and 15 December 2015 respectively.
On 15 November 2017, the outstanding amount of the Listed Convertible Bonds was $9.6 million and Unlisted Convertible Bonds was $147 million.
Related: Brightoil receives trading resumption conditions from HKSE
Published: 14 February, 2018
Identifies four off-spec low sulphur distillate fuels from two bunker suppliers delivered at the Turkish ports of Ahirkapi, Aliaga and Istanbul, it said.
Founded in 2016, SAMF is a woman-run enterprise with 100% South African staff operating at Algoa Bay.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Karen Gan brings with her more than 10 years of experience in bunker trading to the company.
Collaboration areas include projects on decarbonisation, AI-driven decision support tools, predictive maintenance, and cybersecurity, said the MPA.
CCIC discuss the progression of MFM technology for bunkering at Singapore port with Manifold Times; and possible development of a primary facility for MFM calibration.
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.
