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
Los Angeles price assessment is for ex-wharf deliveries ranging between 500 to 3,000 mt; published daily in $/t; with delivery timing 2 to 7 days ahead.
The Singapore court was planning to enforce a seizure and sale of the asset to pay a USD 705,594.45 debt owned by GP Global APAC to Equatorial Marine Fuel Management Services via a judgement.
‘Together with our improved financial performance, this is Monjasa on the right course,’ says group CEO.
CEO concerned on quality and availability of marine fuel outside bunkering hubs moving closer to 2020.
‘Reaching project number 500 is a significant milestone for Corvus Energy and for the maritime community,’ says Corvus Energy CEO.
Development principally related to impact of global oil prices resulting in a constrained credit environment for the bunkering sector.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.
