Denmark’s Defense Minister Claus Hjort Frederiksen (pictured above) has been asked by Naser Khader, a member of the Danish Parliament, to determine if Dan-Bunkering is involved in European Union (EU) sanctioned activities over the Syrian war, according to Danish media DR.
Unioil Supply, a sister firm of Dan-Bunkering and the largest supplier of fuel to Denmark’s military, and cannot be associated with the country’s military if allegations are true, says Khader.
Dan-Bunkering on Wednesday (1 May) issued to Manifold Times a statement stating it has not violated EU’s sanctions against Syria.
Danish news agency DR on 28 April reported Middelfart-based international bunker trading firm Dan-Bunkering allegedly being involved in delivering jet fuel to Russian fighter aircraft during the Syria war.
In summary, DR claimed Dan-Bunkering delivered jet fuel to Syria from January 2016 to May 2017; a minimum of DKK 104 million (US $1.5. million) was transacted through at least six deliveries totalling 30,000 metric tonnes (mt).
Related: Dan-Bunkering has not violated EU’s sanctions against Syria, it insists
Related: Nordea highlights stance on compliance after Dan-Bunkering discovery
Related: Bunker Holding enters $1 billion credit facility arrangement with banks
Related: Danish media alleges Dan-Bunkering jet fuel deliveries during Syria war
Photo credit: Danish Ministry of Defence
Published: 3 May, 2019
Bunker Holding Group does not expect a repeat of the good results for the new financial year 2020/21 due to decline in world trade and markets.
The bunker player at Hong Kong and Chinese ports shares with Manifold Times what local shipping sectors went through during the early days of COVID-19 and how business is resuming.
Cold Flow is nothing new, but the idiosyncrasies of the industry allow fuel blenders to thrive within the ‘grey areas’ with regards to quality, it said.
Finecor said it would now be able to expand supply operations at Thessaloniki port as well as other northern and central ports in Greece at more competitive prices.
Banks claimed they had exposure of up to USD 192 million, as they agreed to finance trades for Hontop who said the cargo would be sold to BP, reports Bloomberg.
Vessel operating costs have risen on higher insurance cover premiums and COVID-19 related expenses, but are expected to moderate in subsequent years.
The newly launched Code of Best Practices – Commodity Financing guidelines will be the new ‘reference point’ taken by banks when considering to give trade finance to trading houses, believes Ian Teo.
Captain Daknash Ganasen, Senior Director (Operations & Marine Services), MPA, provides direction on what should players do when providing bunker fuel to a COVID-19 infected ship, and more.
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
