Cyprus-based global commodity trading firm Gunvor is considering a partial sale of its 1.5 million cubic metre capacity Rotterdam oil storage facility.
A source close to the development told Reuters the sale relates to Gunvor’s Stargate Oil Terminal at Rotterdam.
The company acquired the facility which stores crude oil, liquefied petroleum gas, naphtha, gasoline, kerosene, gasoil, vacuum gasoil and fuel oil after purchasing the 88,000-barrels-per-day Rotterdam refinery from Kuwait Petroleum International in 2016.
Last year, Gunvor sold its stake in the crude oil storage business at the Maasvlakte Olie Terminal to Saudi Aramco Overseas Co.
Photo credit: Port of Rotterdam
Published: 14 March, 2018
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.
Dwivedi Vivek Kumar ended his tenure as Global Head – Bitumen & Shipping & Regional Head – APAC at GP Global APAC on 10 November 2020 due to internal structuring of the GP Global Group.