Connect with us

Business

EU mulls sanctions against Dubai shipping firm SUN Ship Management

Russian company Sovcomflot is believed to have secretly transferred its entire fleet of 92 vessels in April 2022 to SUN Ship Management to circumvent EU and international sanctions against Russia.

Admin

Published

on

guillaume perigois 0NRkVddA2fw unsplash

The European Union is mulling new sanctions against Dubai-based shipping company SUN Ship Management Ltd (SUN), which is suspected of helping Russia with illicit oil shipments to circumvent EU’s restrictions on trade with Russia, according to a report by Politico, a global nonpartisan politics and policy news organisation, on Tuesday (14 February).

Quoting three diplomats on condition of anonymity, the diplomats said the company was believed to have come into possession of a fleet of Russian oil tankers that were no longer allowed to ship oil because of EU and international sanctions on Russian-owned entities. Under SUN's ownership, the tankers have been able to continue to operate.

According to the report, Russian state-owned company Sovcomflot is believed to have secretly transferred its entire fleet of 92 vessels in April 2022 to SUN, formerly known as SCF Management Services, in order to circumvent EU and international sanctions.

According to SUN’s website, SUN was established in 2012 as a multi-activity shipping company “owned by UAE and Russian nationals, and managed by multinationals.”

The website further elaborated SUN owns, manages and operates a fleet of 92 oil, crude oil, LNG and chemical vessels with a capacity of more than 150,000 tons DWT. In addition to being agents for leading shipping companies, we also offer a host of world class shipping services to our clients across the region.

 

Photo credit: Guillaume Périgois on Unsplash
Published: 20 February, 2023

Continue Reading

Winding up

Singapore: Liquidators arrange creditors meeting for Otto Marine Limited

Meeting will be held from 3pm on 24 July at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095, according to Government Gazette notice.

Admin

Published

on

By

steve pb from Pixabay

A meeting for creditors of Otto Marine Limited, which is in liquidation, has been scheduled to take place on 24 July, according to a Government Gazette notice on Thursday (11 July). 

The meeting will be held from 3pm at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095

The agenda of the meeting will be as follows:

  • To update on the liquidation administration;
  • To approve the Liquidators’ fees and disbursements;
  • To approve the declaration of preferential dividend(s) pursuant to Section
  • 328(1)(b) to 328(1)(f) of the Companies Act, Cap. 50;
  • To consider and if thought fit, to appoint a committee of inspection; and
  • Any other business.

The details of the liquidators are as follows: 

Chee Yoh Chuang
Lin Yueh Hung
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 July, 2024

Continue Reading

LNG Bunkering

Titan completes first STS LNG bunkering operation in Cuxhaven

Port of Cuxhaven in Germany had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth, says Titan.

Admin

Published

on

By

Titan completes first STS LNG bunkering operation in Cuxhaven

LNG bunker fuel supplier Titan on Thursday (11 July) said it completed the first-ever LNG bunkering operation by ship in the port of Cuxhaven.

Titan’s bunker vessel Optimus successfully delivered LNG to dredger Vox Ariane operated by its long-term client Van Oord. 

“Our ship-to-ship bunkering in Cuxhaven represents a pioneering step in the region's LNG infrastructure development, as the port had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth,” it said in a social media post. 

“LNG infrastructure development is part of a broader trend, with more ports across Germany adopting LNG operations to support shipping’s clean fuels transition.”

Titan added the improved LNG bunkering capabilities in Cuxhaven, a Niedersachsen Ports GmbH & Co. KG port, also opened up the pathway to maritime decarbonisation via liquified biomethane (LBM) and then renewable e-methane going forward.

 

Photo credit: Titan
Published: 12 July, 2024

Continue Reading

LNG Bunkering

UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Firm said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier in the Port of Drammen, Norway.

Admin

Published

on

By

UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Norwegian roll-on/roll-off shipping line United European Car Carriers (UECC) on Wednesday (10 July) said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier Auto Achieve in the Port of Drammen on 4 July.

The firm said this was the first time UECC received LNG by barge to any of their vessels in their home country Norway. 

“We also believe that it was the first time LNG was delivered by barge to any vessel in Drammen, and most likely the entire Oslofjord,” UECC said in a social media post.

The LNG was supplied by the Molgas Energy Holding vessel Pioneer Knutsen, owned by Knutsen Group OAS.

“UECC is very pleased to see the expansion of the LNG barge network in Norway,” it said. 

 

Photo credit: UECC
Published: 12 July, 2024

Continue Reading
Advertisement
  • SBF2
  • Consort advertisement v2
  • Aderco advert 400x330 1
  • RE 05 Lighthouse GIF
  • EMF banner 400x330 slogan
  • v4Helmsman Gif Banner 01

OUR INDUSTRY PARTNERS

  • SEAOIL 3+5 GIF
  • Triton Bunkering advertisement v2
  • 102Meth Logo GIF copy
  • Singfar advertisement final
  • HL 2022 adv v1


  • Auramarine 01
  • endress
  • PSP Marine logo
  • Synergy Asia Bunkering logo MT
  • Golden Island logo square
  • 300 300
  • pro liquid
  • E Marine logo
  • Cathay Marine Fuel Oil Trading logo
  • Kenoil
  • Headway Manifold
  • 400x330 v2 copy
  • VPS 2021 advertisement
  • Advert Shipping Manifold resized1

Trending