A Danish public prosecutor is requesting a jail sentence to be brought upon Keld R. Demant, the Group CEO of Bunker Holding, as well as fines to be imposed on Bunker Holding and subsidiary Dan-Bunkering for selling jet fuel to Russian companies which eventually reached Syria, reports Danish publication DR on Wednesday (18 November).
Denmark’s Public Prosecutor for Special Economic and International Crime (SØIK) in early November charged Bunker Holding and its subsidiary Dan- Bunkering, together with Demant, for selling jet fuel to Russian companies, following which, delivered the jet fuel to Syria.
SØIK alleges Dan-Bunkering sold about 172,000 metric tonnes of jet fuel to Russian companies over a series of 33 trades between 2015-2017, which is in violation of EU sanctions against Syria.
The transactions had a total value of DKK 647 million kroner (USD 102.4 million) and were delivered to various locations around the Mediterranean and eventually reached an unknown recipient in Port Banias, Syria.
At present, the state public prosecutor accused Bunker Holding and Demant for participating in eight of the trades despite Demant having a “certain presumption” that the jet fuel would be going to Syria.
According to the indictment seen by DR, the prosecution believes that Demant “failed to stop” the transactions even though he had a “certain suspicion” about its ongoings.
The charges will be brought under Section 110c(2) of the Criminal Code which carries a maximum jail term of four years.
Related: Bunker Holding & Dan Bunkering allegedly charged over EU sanctions violations
Related: Dan Bunkering ‘surprised’ SØIK has pressed charges over alleged EU sanction violations
Related: Dan-Bunkering: Everything has been investigated – the case should be closed
Related: Name ban on parties involved with Dan-Bunkering Syrian jet fuel deal lifted
Related: Dan-Bunkering Middelfart office searched by commercial crimes police
Related: Firm linked to alleged Dan-Bunkering Syrian war activities under sanction
Related: Update: Dan-Bunkering Syria jet fuel supply ops allegedly longer than thought
Related: Dan-Bunkering faces preliminary charges by SOIK with violation of EU Syria sanctions
Related: Investigations on Dan-Bunkering over alleged Syrian jet fuel deal start
Related: Danske Bank casts doubts on Dan-Bunkering reason for Syria investigation
Related: Danske Bank reported Dan-Bunkering to police in EU sanctions case
Related: Bunker company acknowledges flawed statement in EU sanctions case
Related: Unioil Supply dragged into Dan-Bunkering sanctions allegations
Related: Dan-Bunkering has not violated EU’s sanctions against Syria, it insists
Related: Nordea highlights stance on compliance after Dan-Bunkering discovery
Related: Danish media alleges Dan-Bunkering jet fuel deliveries during Syria war
Photo credit: Bunker Holding
Published: 19 November, 2020
Eric Hu confirms Koh’s claims of limited knowledge in English and explains how PPT managed to become BP Singapore’s largest counterparty.
On 5th June 2021, VPS carried out a Remaining On Board (R.O.B.) survey on board a Singapore-registered bunker tanker at short notice by the Charterer and quickly identified the theft of 98 metric tons of bunker fuel.
Fishing vessel TG-91926 TS was discovered at 9pm on Wednesday (22 July) 50 nautical miles from Hon Khoai Island with four crew members onboard.
Creditors are to produce proofs of debt to liquidators of Southernpec (Singapore) Shipping Pte Ltd by 6 June 2022, according to latest Government Gazette notice.
Collaboration with ADP Clear, Angsana Technology, Brightree, BTS, Bunkerchain and PSA Marine signed on the sidelines of SIBCON 2022.
Copies of the notice of the meeting on 5 August have been circulated to the contributories and creditors of the Company by post and/ or email.
Discussions around the need to develop methanol bunkering operations are taking place at numerous ports ahead of estimated demand of above 7M mtpa by 2030, says Chris Chatterton of Methanol Institute.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
