Bunker trading firm Integr8 Fuels Pte Ltd. (Integr8 Fuels) on Friday (31 March) successfully reached a settlement with former Sales Director Kim Hyung Joon and ex-Senior Bunker Trader Han Donghoon (also known as Danny).
The following statement was shared with bunkering publication Manifold Times:
Kim Hyung Joon and Han Donghoon acknowledge that they have acted in a manner contrary to policies and protocols of the Integr8 and Navig8 Group that apply to all their employees, and regret their actions.
On 28 March 2023, on a non-admission of liability basis and as a matter of goodwill, Integr8 Fuels Pte. Ltd., and Kim Hyung Joon and Han Donghoon, have resolved their differences in HC/OC 349/2022, with an undisclosed sum to be paid by Kim Hyung Joon and Han Donghoon to Integr8 Fuels Pte. Ltd..
Related: Singapore: High Court grants former Integr8 Fuels Korean desk staff expedited ‘back to work’ status
Related: Singapore: Integr8 Fuels files lawsuit against former Korean staff over alleged confidentiality violations
Photo credit: Integr8 Fuels
Published: 3 April, 2023
Improving clean fuel supply sustainability is only one half of the equation; the other half is balancing demand-based behaviour, says Xavier Pfeuty.
To pay a total fine of $2 million and serve a four-year term of probation for all ships calling on U.S. ports.
‘Malaysia's shipping operations seem to be intact, similar to when Singapore went into lockdown, so I don't expect much impact,’ said one local trader.
Methanol can offer sufficient energy density for most voyages and is comparatively easy to handle; E-Methanol can potentially enable a well-to-wake climate-neutral operation of a ship.
Bunkers sold at republic totalled 47.46 million mt from January to December 2019, 4.7% compared to similar period last year.
Authorities made a record of administrative violations and escorted the fishing vessel to the port of Fleet 421 in Năm Căn town, Cà Mau province.
Advanced analytical services will support support clients in the shipping sector allowing for more accurate and efficient testing of methanol as a marine fuel, Bryan Quek tells bunkering publication Manifold Times.
While slow steaming may help save fuel cost and lowers emissions, it may end up being a costly endeavour for ship owners. Innospec suggests looking at smart slow steaming instead, shares Nicea Ng.
Bunker claim was regarding the supply and delivery of RMG380 to the demise charter of the India-flagged oil tanker on 24 February 2022 at Yosu port, according to court documents obtained by Manifold Times.
Claim was regarding sales of LSFO from Gulf Petrochem to Prime Oil Trading on 24 February 2020 which was due for payment on 23 June 2020 after a 120-day credit period, state court documents.
Remi Eriksen of DNV Group, shared during event, the business case for decarbonization must involve four key factors including alternative bunker fuels once safety guidelines and bunkering infrastructure are established.
Malaysian government will ensure all obligations and conditions under the International Convention for the Prevention of Pollution from Ships or MARPOL are implemented, says Transport Minister.
