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
Brightoil Singapore moratoria for execution of debt restricting activities extended to 30 September 2019.
A number of LNG-fuelled container vessels and tankers have confirmed their term bunkering plans from Singapore; sector poised for sharp growth with delivery of FueLNG Bellina, says General Manager.
The Islamic Republic of Iran Shipping Line and National Iranian Tanker Company are both cooperating to secure avails of low sulphur fuel, says IRSOU spokesman Yahya Ziaei.
‘It is not true that the Indonesian navy received or asked for payment to release the ships,’ says Indonesian naval fleet commander for the region.
The acquisition of Linde AG’s LNG and biogas business and Nauticor’s marine bunkering strengthens capacity to offer gas solutions for transport in the Nordics, it says.
The company posted a 40% jump in adjusted net profit ending the year with $461.5 million in the black.
‘We are here to transfer the extremely valuable knowledge gained over the past six years to the maritime sector, such that our customers are comfortable in the use of such biofuels,’ states CEO Olivier Baiwir.
Newly appointed Anthony Mollet speaks to Manifold Times about his role, vision, value proposition and plans for the Marine Fuels Alliance to become a wide-reaching and engaging bunkering industry association.
SFP will be retrofitting VPT’s existing bunker vessel with its Full Electric Ready (FER) system and seeks to commission the vessel in the second quarter of 2022, CEO of SFP George Lee tells Manifold Times.
Equatorial Marine Fuel Management Services, Oldendorff Carriers, Lloyd’s Register and organisers took part in a Bunker Quality Claims Webinar moderated by Manifold Times on 10 November.
‘Though it did introduce temporary commercial and operational disruptions, we took a constructive view of the situation and chose to use this event as a learning opportunity,’ shares a Consort Bunkers spokesperson.
Gealubes Consulting & Trading, the authorised marine business distributor of PANOLIN EALs at Singapore port, shares a two-part education series on Environmentally Acceptable Lubricants on Manifold Times.
30 Nov 2021
