Marine fuel supplier PMG Holding on Thursday (11 November) announced the opening of its office branch in Athens, Greece which took place earlier in November.
In an email statement to Manifold Times, PMG Holding said that the development is a strong step in their expansion strategy and will help boost both their physical bunkering activities in the Black Sea as well as global bunker trading outreach.
“Greece is an important market for PMG in terms of both physical and global trading volumes. Our new Athens office is a further step for PMG to provide a personal approach to our clients by having our traders on the ground in the country,” it states.
PMG Holding are physical bunker suppliers in the Black Sea and the incumbent bunker supplier in Ukraine, with a fleet of bunker barges and bunker trucks in the country.
PMG Holding has four offices globally and notes that it is looking to expand even further.
Fifteen incidents of misappropriation of Shell gasoil worth USD 10,4 million went undetected by Shell between 2016 to 2017 due to Muhammad Ali Bin Muhammad Nor’s involvement, learned Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.
Cai Zhi Zhong received a total of about USD 1.3m to USD 1.6m, of which he saved a portion and spent the rest, including on property, cars and watches, according to court documents obtained by Manifold Times.
‘MFMs will continue to have a place within the bunkering sector even when the shipping industry continues to adopt new types of marine fuels, such as LNG, biofuel, methanol, ammonia and hydrogen,’ states spokesman.
Current ISO 8217 bunker fuel standard not comprehensive enough for biofuels; National Mirror Committee working with local players to develop more comprehensive biofuels standard for Singapore, says Capt. Rahul.
‘There are some important differences between VLSFO and biofuels, and as a result, parties should consider whether additional changes should be made to biofuel bunker contracts,’ says Paul Collier.