US offshore supply and multi-purpose support vessel player Harvey Gulf International Marine has reportedly filed for Chapter 11 bankruptcy at a Houston court on Wednesday.
The company owns more than $1 billion to several creditors; it has already come to an arrangement with members of the group to reduce its debt in return for shares when the company exits bankruptcy, while others will be fully paid.
Harvey Gulf International Marine operates more than 50 vessels in its fleet.
The company is the first US vessel operator to order vessels capable of operating exclusively on liquefied natural gas (LNG).
It is also currently constructing the first LNG marine fuelling facility in the United States to be located at its vessel facility in Port Fourchon, LA.
Photo credit: Harvey Gulf International Marine
Published: 9 March, 2018
Port of Frederikshavn commits to securing the necessary sustainable charging facilities in the port and its surroundings on the Danish side.
‘Non-compliance to these regulations may result in imprisonment with labour for up to one year and/or a fine of up to 10 million won,’ warns the P&I club.
Phase Two to include studies on Bio-LNG, ammonia bunkering, methanol, CCUS, and value chain and impact analysis of alternative maritime energy.
Bunkering operations will commence on 1 October where MGO will be supplied to vessels calling at Muara Port with BSM’s own bunker barge MT Star 1.
The COVID-19 pandemic continues to evolve and MPA is working closely with other agencies to monitor the situation, both globally and in Singapore, the port authority tells Manifold Times.
Asian (HSFO) markets have weakened considerably after a summer power generation-fuelled rally for the past few months, against cooling demand and higher exports.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.
