Singapore bunker supplier Bunker House Petroleum Pte Ltd has recently reached an out-of-court settlement with Global Energy Trading Pte Ltd regarding an earlier debt, learned Manifold Times.
“We have already settled [the issue] with Global Energy Trading and the suit has been withdrawn/discontinued,” a source at Bunker House Petroleum told the Singapore bunkering publication on Wednesday (3 June).
Global Energy Trading initiated a lawsuit against Bunker House Petroleum at the High Court of the Republic of Singapore on August 2019 over an alleged debt of USD 3.9 million.
Photo credit: Manifold Times
Published: 3 June, 2020
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.
‘We will now take the necessary time to consider and evaluate the verdict and the premises of the verdict thoroughly before making any decision of whether to appeal to a higher court,’ informs company.