UAE-based oil and bunkering firm GP Global on Wednesday (5 August) appointed FTI Consulting’s Rod Sutton as Chief Restructuring Officer and has engaged UK- based financial restructuring specialist firm Quantuma, as part of its ongoing restructuring exercise.
Sutton is a highly reputed global corporate restructure specialist with over 25 years of experience in business advisory and management, it said.
He specialises in problem resolution that requires discovery of facts and interpretation of commercial issues and is globally recognized for this ability to cut through the relevant issues to provide expert financial opinions, commercial options and recommendations to his clients.
Quantuma is an independent advisory firm that provides expert advice on business transactions, assists in resolving disputes and helps organizations and individuals to overcome a range of operational and financial challenges, noted GP Global.
Sutton will work closely with Quantuma to engage with GP Global Group’s stakeholders to protect the commercial interests of the group’s valuable clients.
GP Global Group said it hopes the two will help transform the group into a strong, financially prudent and future ready corporation with enhanced transparency.
“GP Global Group, Quantuma and Mr. Sutton will keep the group’s key stakeholders informed with relevant information with respect to the restructuring exercise and look forward to navigating the group’s current challenges in an open, transparent and mutually beneficial way,” concluded the company.
Photo credit: GP Global
Published: 6 August, 2020
Patrizia Cosulich becomes first bunker tanker in Singapore to undertake its Mass Flow Meter extension test using the Master Mass Flow Meter, learns bunkering publication Manifold Times.
Bunker claims totalling SGD 628,000 for 88 deliveries of marine gas oil between the period of 7 February 2020 until 15 April 2020, according to documents obtained by Manifold Times.
Event welcomed over 1,100 attendees from 42 countries; delegates visited virtual booths about 4,800 times; while around 5,800 connections were made, according to data from organiser Informa.
Bunker suppliers and bunker craft operators may choose to carry out meter verification using either existing MIMO method OR with the use of a Master Meter.
Pai Kheng Pheng of Sentek Marine & Trading Pte Ltd on Thursday (8 October) was ordered remanded for a further week for investigations, AGC spokesperson informs Manifold Times.
INTERTANKO, BIMCO, SSA, IBIA Asia share what the technology brings to the waterfront, while operator Metcore International and manufacturer Endress+Hauser explain its benefits to the bunkering industry.