Malaysia-listed Straits Inter Logistics (Straits) has entered formal talks with Hong Kong-based Banle Energy International (Banle) to explore further business opportunities in the bunkering sector.
Banle is engaged in the trading of bunker oil and provision of marketing administrative service, which is similar to Straits’s business activities of oil bunkering and trading, it said.
The agreement allows both parties to explore potential business cooperation / collaboration opportunities: “Which include, but are not limited to, joint venture, business partnership and/ or acquisition of equity stake between the parties to further expand their business operations and geographical coverage”.
According to Straits, Banle recorded net profit of $365,238 for its past financial year ending 31 July, 2017. The company’s net assets stood at $1.10 million in the similar period.
Manifold Times earlier reported Straits planning a private fund raising move to raise up to approximately $3.43 million.
Publication date: 22 January, 2018
Shipowner has to monitor ship’s emissions and provide emissions data and calculations to charterer who considers the information available and transfers allowances to ship owner monthly.
Bunker Point Supply is able to deliver marine fuel at Ashdod, Hadera, Ashkelon, Eilat and Haifa Shipyard.
The company will be also taking delivery of a small launch that colleagues will use to move between bunker tankers by the end of August.
Held jointly with the Singapore Maritime Institute, a total of SGD 9 million from the Maritime GreenFuture Fund will be set aside to co-fund selected projects.
First 200 mt of 0.5%S marine fuel was delivered to a bulk carrier in the Nakhodka water area, it states.
‘Singapore has requested such information from Malaysia in order to assess its implications for Singapore.’
PetroSeraya appoints YTL PowerSeraya veteran See Yoong Hwee to drive its fuel tank leasing operations; together with Rafe Liam as Commercial Manager, they will spearhead the company’s initiatives.
‘This biofuel bunker delivery represents a new chapter for Eng Hua as we are now moving with the times towards the era of decarbonisation,’ Mike Sin, Director at Eng Hua, tells bunkering publication Manifold Times.
MPA has also asked Glencore to improve its internal procedures to ensure that prompt action is taken in future when it becomes aware of, or reasonably suspects, any irregularity in fuel quality, it states.
Dynamic Asset Investments Limited and Goldsland Holdings Co Ltd helped Vermont UM Bunkering maintain a “Cash Float” of about SGD 100,000 to facilitate “buyback” bunker transactions at Singapore port.
Senior Cargo Officer gained SGD 48,800 worth of commission from “buyback” bunker transactions and illegally obtained SGD 410,712.257 by cheating Vermont, a Singapore court heard on Thursday (21 July).
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
