Singapore-based private equity investment firm Pavilion Capital Fund Holdings, a subsidiary of Temasek Holdings, is planning to subscribe up to SGD $50 million ($38 million) worth of shares from Singapore oil & gas player Ezion Holdings.
The money will be used mainly for business expansion and the pursuit of new business opportunities, joint ventures or partnerships with various strategic industry partners and for working capital purposes, said Ezion Holdings on Friday (6 April).
The company reported net loss of $1.02 billion for the financial year ended 31 December 2017 (FY 2017).
Its revenue for FY 2017 decreased by $125.1 million (39.3%) to $193.1 million as compared to FY 2016. The decrease in revenue was mainly due to a variety of factors including drop in utilisation rate of jack-up rigs and its offshore support vessels, and an overall reduction in charter rates.
Related: Ezion Holdings says $1 billion loss ‘likely’
Photo credit: Quadrise
Published: 10 April, 2018
Trafigura committed to own and operate six bulkers which will be converted to use low-carbon ammonia as their primary fuel source by 2030, if technically feasible.
As part of the WingSail project, the system is designed to be aerodynamic, user friendly, and low maintenance.
Incorporates new company Straits Marine Fuels & Energy Sdn Bhd on Thursday for the development.
The majority of Singapore’s top ten suppliers shared with Manifold Times their estimated monthly sales volumes during 2017.
Hongkou Customs, the main bonded bunkering unit under Shanghai Customs, introduced policies to support the bonded bunkering sector during 2021.
Destinations for the marine fuel included Hong Kong, Malaysia and Singapore in five cargo shipments, said company spokesperson Ely Chandra Perangiangin.
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.
Maersk, CMA CGM, BP and Stena Bulk give insights on availability of the three potential bunker fuel types, their plans, transition from fuel oil and LNG to alt fuels, how important sustainable marine fuels are to shipowners and more.
