The Universal Energy owned bunkering tanker UE Star is scheduled for auction at the Singapore Supreme court following a court order on 15 December, 2017.
The vessel will be actioned after the court receive last bids after the deadline of 31 January, 2018.
According to court documents, the UE Star is a 2014 built 3,987 deadweight tonne (dwt) bunkering tanker.
The net value of bunkers still on board the UE Star is SGD $93,766 ($70,788); the amount if non-negotiable.
The Maritime and Port Authority of Singapore (MPA) did not renew both the bunker supplier licence and bunker craft operator licence of Universal Energy on 31 August, 2017.
Universal Energy accumulated demerit points for delivery of bunkers that were severely aerated, with stoppages during bunkering operations.
Published: 18 January, 2018
Bunker fuel prices have been unstable since the implementation of IMO 2020 and with it, the premium for scrubber-fitted bulk carriers, says shipbroking firm.
Profits were impacted by the continuous slowdown in the shipping industry following the global lockdown in the early part of FY 2020, it said.
The world’s largest bunkering event returns on 2-5 October 2018 at Resorts World Sentosa, Singapore.
Vessel forced outside of China ECA due to insufficient 0.1%S fuel reserves; refuelling op at Taicang port aborted due to last-minute Covid-19 discovery, shares broker.
To consolidate foothold on the shipping business in Nigeria and boost profitability, says spokeswoman.
Move an example of company’s internal mobility program, says Offshore Manager of the Singapore office.
Glander International Bunkering (Norway) AS seeking payment of USD 115,963.52 (not including contractual compensation and interests) from the vessel’s demise charterer, according to court documents.
“In TotalEnergies, we already have projects along the e-Fuel value chain, from green electricity and green / blue hydrogen to e-Fuel production that will be integrated along the marine fuels value chain in time to come,” shares Louise Tricoire.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
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.
