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
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.