The Fujairah-based oil storage facility Socar Aurora Fujairah Terminal (SAFT) has been allegedly sold to Australia private equity firm Prostar Capital, according to a Reuters report.
A check by Manifold Times on the official website of Prostar Capital showed SAFT under the investments column of the company.
SAFT is a refined petroleum products storage facility based in the Port of Fujairah in the UAE; the facility was commissioned in 2012 and comprises 352,000 cubic meters of storage across 14 tanks.
Prostar Capital, meanwhile, has a 40% stake in Fujairah Oil Terminal; the 1.2 million cubic meter capacity facility commended operations in early 2015 and is known to be among the largest independent crude oil terminals in the region.
After Singapore, Fujairah is the second largest bunkering port in the world.
Photo credit: MUC Oil & Gas
Published: 1 February, 2018
The bunker tanker Explorer was involved in a collision with Samudra Indah on Thursday.
Creditors of K.S. Marine are required to submit particulars of their debts or claims in writing, by their solicitors or personally, on or before 30 November 2020.
6,190 dwt bunker vessel Straits Energy delivers LSFO shipment to dedicated storage tanks at Southpoint Terminal.
5,000 kWh energy storage system will enable ships to operate with zero emissions while in port- meeting RINA Green Plus class notation.
Provides bunkering and other services including container operations, break bulk, berthing, mooring, harbour tug services, stevedoring, ship chandelling to vessels.
Refinery located outside the Strait of Hormuz has a planned capacity of 300,000 BPD in phases and the project has an expected ROI of 22% per annum.
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.
