Hong Kong listed NewOcean Energy Holdings Limited on Friday (24 December) said its Executive Director and authorised representative Mr. Shum Chun, Lawrence (Mr. Shum) resigned with immediate effect.
The resignation was, “due to his personal commitment and job relocation caused by the reallocation of the headquarter to the Mainland China which lead to considerable inconvenience,” noted a statement.
“Mr. Shum has confirmed that he has no disagreement with the Company and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.
“The Board of Directors of the Company would like to express its sincere gratitude to Mr. Shum for his contribution to the Company.”
In compliance with Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited Mr. Cen Ziniu (Mr. Cen) has been appointed as Executive Director and authorised representative of the company.
Manifold Times earlier reported NewOcean Energy, a firm with bunkering operations, officially beginning its “soft touch” debt restructuring process on 21 December.
NewOcean Energy on 17 December reshuffled its lineup of Independent Non-executive Directors.
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Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.
‘We will now take the necessary time to consider and evaluate the verdict and the premises of the verdict thoroughly before making any decision of whether to appeal to a higher court,’ informs company.