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
Held biennially, the dates for Fujcon 2021 were set at the close of the 2019 edition and the event will be held as scheduled in a virtual format, taking into account COVID-19.
MSC ARIANE had to stop at sea due to an engine issue due to bad quality of fuel on Friday, 2 April while en route from Xiamen, China to Los Angeles, USA.
Ocean Energy and Singapore trader converted Futures Contracts into 3,000 mt physical fuel oil; cargo was later sold to Sinopec Fuel Oil (Singapore) Pte Ltd.
First 200 mt of 0.5%S marine fuel was delivered to a bulk carrier in the Nakhodka water area, it states.
The Maritime and Port Authority of Singapore welcomes the 13th edition of SMW, which runs from 21 to 29 April.
FuelOpt™ achieves fuel savings by controlling vessel propulsion and this removes costly variations in speed and power caused by human operational factors, said Lean Marine.
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
