Traders and shipping companies scrambled to source fuel and take over supply contracts on Friday after Danish marine fuel supplier OW Bunker said a suspected fraud at its Singapore subsidiary had pushed it to the brink of bankruptcy.The…
The world's largest ship fuel supplier OW Bunker said it would file for bankruptcy as soon as possible to the probate court in Aalborg in the northern part of Denmark.OW Bunker said on Thursday it has discovered fraud by senior employees in its Singapore-based subsidiary…
Christoph Riecken has been promoted to Bunker Trader & Team Leader at Dan-Bunkering (Monaco) S.A.M. effective from November 1, 2014.“Christoph has since he started with Dan-Bunkering (Monaco) S.A.M. in august 2011, shortly after its grand opening same year…
Following the announcement made yesterday regarding fraud in Singapore and significant risk management loss, the board of directors regret not having found able to find a solution with the syndicate banks. On this basis, it has been decided…
Singapore Technologies Engineering Ltd (ST Engineering) today announced that further to its announcement on 11 July 2014 on the setting up of ST Electronics do Brasil Serviços e Soluções em Sistemas Eletronicôs Ltda (ST Electronics Brazil) in Brazil…
Dorian LPG Ltd. today reported its financial results for the three months ended September 30, 2014.Highlights – Second QuarterTook delivery of the second vessel under our VLGC newbuilding program, the Corsair, from Hyundai Heavy Industries Co…
General Dynamics Information Technology, a business unit of General Dynamics, announced today that it will continue to support and expand the analytic engine and reporting system for the Arkansas Health Care Payment Improvement Initiative (AHCPII)…
Shipping companies and bunker oil traders scrambled to source fuel and take over supply contracts on Thursday after OW Bunker, one of the world's biggest shipping fuel firms, said it faces possible bankruptcy after uncovering internal fraud…
The senior management of OW Bunker has today been informed about a fraud committed by senior employees in the Singapore-based subsidiary Dynamic Oil Trading (DOT). The case is under investigation. The extent of the fraud is not yet clear…
DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, today announced…
Representatives from the Flagship Niagara League were in Toledo on Wednesday to announce two new partnerships --- A new scholarship and training opportunity for cadets at The Maritime Academy of Toledo, and a five-year port agreement with the Put-In-Bay Chamber of Commerce…
VP Biden's November 12 keynote address to emphasize continued infrastructure investments in ports U.S. Vice President Joe R. Biden, Jr. will deliver the keynote address on Wednesday, November 12, at the American Association of Port Authority’s (AAPA) 103rd Annual Convention and Expo in Houston…
Up to $30,000 in grant funds to be awarded this yearThe Coast Guard Foundation, a nonprofit organization committed to the education and welfare of Coast Guard members and their families, announced today that it will offer scholarships for the education of qualifying spouses of Coast Guard members…
Hapag-Lloyd has received unconditional clearance under Brazilian merger regulations for the planned integration of the container shipping activities of Compañía Sud Americana de Vapores (CSAV) into Hapag-Lloyd. Hapag-Lloyd and CSAV signed a binding business combination agreement in April…
Northeast charities and golf clubs benefit from EnQuest’s $120,000 donations.Fifteen golf clubs across Aberdeen City and Shire have been gifted life-saving equipment worth a total of more than $24,000 by leading North Sea oil producer, EnQuest…
