Hamburg Energy Trading GmbH & Co. KG (HET) on Friday said it has decided to terminate its bunker operations by 30 September, 2020.
To support HET´s decision of exiting the bunkering sector, the company said its Managing Directors Jesper Riis and Peter Højer have decided to purchase HET´s shares in NORbunker A/S.
Following the purchase which came into effect as of 31 July, 2020, Riis and Højer will be the beneficial owners of NORbunker A/S.
NORbunker was established in 2016 and it has since developed a sound portfolio and managed to prove a high level of commercial awareness reflected in its financial performance, said HET.
Photo credit: aymane jdidi
Published: 7 September, 2020
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.