World News
Bunker Supplier Given Delisting Warning
China-based Andatee China Marine Fuel Services Corporation (Andatee) has been delivered another NASDAQ Stock Market de-listing warning after the fuel company failed to pay certain listing-related fees on time, according to a U.S. Securities Exchange Commission (SEC) filing.
Andatee said it plans to appeal the determination to de-list, which involves submitting a hearing request to NASDAQ, along with a $10,000 hearing fee by end of the business day on April 28, 2015.
According to the stock exchange, all outstanding fees have since been paid, though the appeal will still be necessary.
Andatee also received another warning from NASDAQ early this month after it failed to submit its annual report on Form 10-K on time, which also served as a warning for de-listing.
In 2012, the company was found to be non-compliant with the minimum bid price required for continued listing on the NASDAQ, though it managed to regain compliance in 2013.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 625.00 | 9.00 | 732.00 | 15.00 |
| Rotterdam | 577.50 | 3.50 | 739.50 | 1.00 |
| Houston | 595.00 | 0.50 | 767.00 | 4.50 |
| Fujairah | 628.50 | 4.00 | 878.50 | 11.00 |
| Global 20 Ports Average | 645.50 | 0.50 | 827.00 | 5.00 |
| Global 4 Ports Average | 606.50 | 0.50 | 779.50 | 0.50 |
| Global Average Bunker Price | 703.50 | 4.00 | 886.00 | 6.00 |
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