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
Lawmaking framework of most countries formed by politicians without technical understanding of domain.
Proposal highlighted CPC’s capacity to import marine fuel and supply to local bunker suppliers at competitive prices to increase port traffic, reports Daily News.
JFE Steel on Tuesday (20 July) said it has agreed with shipping firms K Line, Mitsui OSK Lines (Mol) and NYK Lines to charter an LNG-fuelled Capesize vessel each.
Newly launched solution generates insights in a bunkering market, such as expected delivery waiting times, or gathering facts for use in Claims and Disputes.
‘Our latest course is practical, straight-forward and easy to understand for seafarers involved in bunkering operations,’ says Nigel Cleave, Senior Advisor, OneLearn Global.
The first vessel is a Mongolia-registered tanker detained on 6 September, and the second is a Panama-registered tanker detained on 17 September in eastern Johor waters.
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.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.
