Global bunker conglomerate Bunker Holding is launching a new Dubai-based marine fuel cargo trading unit called PSTV Energy.
The company comprises of the former Dubai team of bunkering firm Endofa DMCC which is closing down due to restructuring, according to ShippingWatch. It is also located in the same office as the former firm.
PSTV Energy is headed by Mads Uldall Borggaard, one of Endofa's co-founders, according to Bunker Holding CEO Keld R. Demant.
“The way I see it, Endofa had jointly decided that there was no further basis for keeping the business going in its current shape,” says Demant.
“So we decided to establish a new setup in Dubai headed by Mads Uldall Borggaard, where he's doing the same work he skilfully did at Endofa. Just at a different firm.”
Endofa is not part of PSTV Energy.
Article credit: ShippingWatch
Publication date: 16 January, 2018
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.