Maritime service provider Kaeline Group, a subsidiary of Cyprus-based Fameline Holding Group, has acquired Netherlands-based bunkering firm Sea Bunkering International (SBI).
The development greatly increases Kaeline Group’s physical presence in the North European markets, says its Managing Director.
“SBI is an internationally recognised supplier of quality products, servicing clients across the globe,” said Adamos Seraphides.
“The skill set that this acquisition brings on board will strengthen our aim to increase Lubricant and Bunker volumes across all our brands and markets.
“The customer-centric approach of Dave Gregory, Iwan van der Leest, and their team, has built a loyal customer base that mirrors our personal approach within Kaeline Group Ltd.
“Finally, ‘SBI’ fits strategically with the objectives of Kaeline Group Ltd. We are excited in concluding the integration and we will continue with the company’s expansion.”
Kaeline Group has offices in Limassol, New Jersey, Singapore, Piraeus, Rotterdam, Hamburg, Dubai, and with the latest acquisition – Groningen.
Published: 24 January, 2018
A decline in traffic brought on by low bunker prices would lead to a competitive disadvantage at the canal compared to longer alternate routes which are free of traffic dues.
‘Vindication, then, for those owners who moved early in favour of marine gas scrubbers,’ says manufacturer.
Da An is a subsidiary of Xihe Holding and the appointed liquidators for the winding up are Seshadri Rajagopalan and Paresh Jotangia of Grant Thornton.
The development team will target the commercialisation of electric-powered merchant vessels that adopt world-class propulsion systems at competitive prices, it said.
On 29 January, there was a confirmed case of a crew member with the Wuhan coronavirus infection working onboard a ship in Singapore waters.
Chinese oil importers seemingly capitalized on low oil prices, leading to record-high crude oil imports of 47.9m tonnes in May, a 19% month-on-month increase, said BIMCO.
The bank is filing an application for pre-action discovery at the High Court of the Republic of Singapore in order to ascertain its future direction of proceedings against Sinfeng, according to court documents.
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
