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
New office address at 320 Serangoon Road, Centrium Square will be active from Wednesday, 17 February 2021.
China, which owns the largest number of Containers, has moved up from 2nd in January to 1st place this time, owning a total of USD 191 bn in assets.
‘As a major transhipment and bunkering hub port, Singapore takes maritime safety seriously,’ states Mr Chee Hong Tat, Senior Minister of State for Transport.
As many as sixteen 45,000 bl barges of HSFO traded at US Gulf coast last week; for buyers, purchases may be well-timed for recovery in marine fuel demand.
Report co-developed by DNV and Menon Economics was globally launched on Thursday (13 January) at the SMF New Year conversations 2022 event.
Meeting IMO2020 fuel emissions regulations received 15% of vote from industry participants, show data.
‘We’ll start the application [to MPA] before the end of 2022 and hopefully to receive approval within six months or sooner,’ L. Y. Hwang, Director / General Manager of Oval Asia Pacific Pte Ltd, tells Manifold Times.
Digitalisation makes it easier for shipowners to conform to growing external regulations such as new sulphur regulations and ‘no scrubber’ zones; operators can identify better bunkering options to reduce costs.
Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Fifteen incidents of misappropriation of Shell gasoil worth USD 10,4 million went undetected by Shell between 2016 to 2017 due to Muhammad Ali Bin Muhammad Nor’s involvement, learned Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.
