Singapore-based energy trading firm Agritrade Energy will be ending operations by the end of March, according to Reuters.
"The […] business hasn't yielded satisfactory returns and the owners would rather focus on other core parts of their business," said a source.
Agritrade Energy was incorporated in 26 January 2015 and is under the management of company director Ng Xin Wei who is also the managing director of Singapore-based palm oil, coal and logistics player Agritrade International.
Agritrade International has a 58% stake in Hong Kong-listed Agritrade Resources which as a market value of $1 billion.
“Management wants to focus more on the coal business," another source told Reuters.
Agritrade Resources operates two coal mines in Central and South Kalimantan, Indonesia.
Source: Reuters
Published: 9 March, 2018
Forecasted to withdraw its application for court protection, this move provisionally protects HLT from legal proceedings as a form of debt restructuring, says Bloomberg.
New location of “Kairos” will enable Gasum to deliver LNG bunker fuel to its clients in the Northern Continental Europe whenever needed.
Total bunker sales at Panama was 439,028 metric tonnes (mt) in March, compared to sales of 448,093 mt during the similar period in 2020.
Oversupply of offshore logistics vessels and jack-up rigs in the industry affecting Singapore group’s business.
Refiners in Europe and Asia Pacific are close to maxing out gasoil-to-jet fuel yields, and the extra product is contributing to renewed price weakness, it said
Shipowners Association of Nigeria unhappy with development due to unfavourable Nigeria policies.
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.
