Cosco Shipping International has warned of a significant decrease in revenue amid an alleged fraud involving debts owed by its indirect wholly-owned subsidiary to embattled bunker supplier Coastal Oil Singapore.
Bunker One, the physical fuel supply arm of Bunker Holding Group, has expanded into Germany to service all ports at the German North Sea and Baltic Sea regions with bases in Rostock, Kiel and Hamburg.
Marine fuels supplier Peninsula Petroleum has started physical supply operations in Spain’s Barcelona port, utilising the 7,500-dwt bunker tanker Alliance Spirit.
India’s bunker supplier Matrix Bharat has commenced physical bunker supply operations in Mumbai port and Jawahar Dweep, an island off the southeastern coast of Mumbai.
Malaysian domestic line PDZ Holdings has revealed that it owes approximately $851,971.79 in bunker bills to fuel suppliers related to its feeder boxship PDZ Mewah, which has been impounded last month.
The Singapore authorities have struck off another two bunker suppliers for breaching the terms of their licenses.