Malaysia-listed bunkering and storage company Petrol One Resources Berhad (PORB) Monday submitted an appeal to the exchange holding company Bursa Malaysia against a de-listing decision.
The decision by Bursa Malaysia to delist PORB from the exchange was due to the latter being unable to meet listing requirements; shares of PORB have stopped trading since 2014.
“Given that the Appeal was submitted within the Appeal Timeframe (i.e. by 20 August 2018), the removal of the securities of the Company from the Official List of Bursa Securities on 24 August 2018 shall be deferred pending the decision by Bursa Securities on the Appeal,” said a PORB note.
Related: Malaysia bunker firm Petrol One Resources to be delisted
Published: 21 August, 2018
Both entities enter into first joint initiative to deliver approximately 2.3 million mt per year at Rotterdam.
A major contributing factor is longer than expected fuel storage times, thanks to the Covid-19 slowdown in bunker deliveries, writes CEO Ralph Lewis.
With 18 industry partners including BHP Singapore, this pilot will help to shape national and international standards of biofuels bunkering, amongst others.
IAP’s nine pathways to maritime decarbonisation include policy options to accelerate the transition and ways in which Maritime Singapore can support the process.
Economy likely to stage quick recovery from coronavirus; with total economic impact relatively contained, says central bank.
Initial participants of the buyer's quotation system consists of seven international shipowners including bulk commodities, dry bulk cargo, and ocean fishing players.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
Headway will launch a new fuel supply system suitable for alternative bunker fuels such as hydrogen and ammonia; to focus on procurement and construction of carbon capture systems in 2023 following R&D.
Competition for FAME from aviation and road transportation sectors have resulted in some shipowners resorting to adopt more readily available CNSL blends as biofuel for vessels, explains Steve Bee.
