Top executives of Danishing bunkering firm Endofa has left the company, according to Danish media Shipping Watch.
It reported Chief Financial Officer Torben Okkels, together with a co-founder and head of Endofa’s Dubai office, leaving their positions.
Okkels earlier gave an interview to Shipping Watch, noting of Endofa recording net profit of DKK 3.5 million ($535,000) in 2016 after losses in the earlier year.
“We focused on our bottom line which followed us in everything we do. Before we were busy creating growth but unfortunately that meant that we forgot the bottom line. We changed that in 2016,” he says.
“We're better at choosing our battles. Despite a lower oil price in 2016, we still grew our revenue to almost DKK 1 billion while the bottom line shows a profit.”
Article credit: Shipping Watch
Publication date: 8 January, 2018
Robin Meech and Eugenia Benavides step down from board after serving for maximum time allowed under the association’s bye-laws.
‘Undeclared/excess bunkers can be considered a criminal act by Turkish customs officials with the ship's crew being accused of smuggling’, warns maritime insurer.
It is time to reconsider the Bunker Convention’s applicable limits given the devastating effect that as little as 1,000 tonnes of heavy fuel oil can cause, says lawyer.
An extraordinary general meeting of the company was held on Wednesday, 31 March at 2.00 pm and M/s Mann & Associates PAC was appointed Liquidator.
Inauguration of the Board marks the finalisation of the legal registration of the Center as an independent, not-for-profit organization, it said.
Supplies will come mostly from PetroChina who has recently established a bunkering arm at Zhoushan port.
‘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.
Dwivedi Vivek Kumar ended his tenure as Global Head – Bitumen & Shipping & Regional Head – APAC at GP Global APAC on 10 November 2020 due to internal structuring of the GP Global Group.
