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
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.