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
BIMCO opens the port information section on its website with the aim of assisting the industry, due to the spread of COVID-19.
‘We welcome the approvals of CCS and DNV, which allow us to offer our ship-owners and charterers customers a high-value technology solution,’ says Chairman and CEO.
Besides exercising regulatory control, it is suggested that flag states view the decarbonisation journey as a business opportunity while development funds are being established.
Euronav and Gener8 on Friday merged to create the shipping market’s leading independent large crude tanker operator.
‘Washington did not bother to present any evidence or even explain its motives,’ says foreign office.
Pai Kheng Pheng of Sentek Marine & Trading Pte Ltd on Thursday (8 October) was ordered remanded for a further week for investigations, AGC spokesperson informs Manifold Times.
Significant uptick in the number of quality claims being alleged by ship owners has also been seen since the implementation of contactless bunkering operations, notes Partner at Rajah & Tann.
‘The launch of our company website signifies the readiness of Singfar to engage with relevant stakeholders to achieve our mission of enabling sustainable trade,’ Managing Director tells Manifold Times.
Associate Director at Helmsman highlights the need to stay up-to-date with latest protocols / measures introduced by MPA, with continuous education of Master and crew of the visiting vessel.
BunkerPlanner Lite is an attempt to educate professionals engaged in bunker decisions about the use of advanced technology in the decision process, explains BunkerMetric CEO Christian Plum.
Senior Associate at Clyde & Co offers guidance to protect shipowners and bunker tanker operators in the event opposing counterparty breaches Covid-19 protocols, resulting in Covid-19 transmission.
Having a surveyor’s watchful eye to detect illegal activities also sends a strong signal to barge and vessel crew not to undertake any intended non-compliance, states VPS Senior Sales Manager.
