World News
Chemoil Issues Disclosure in Delisting Bid
In connection with its planned delisting from the Singapore Exchange (SGX), Chemoil Energy Ltd. (Chemoil) has issued a dealings disclosure.
The filing notes that Amicorp Trustees (Singapore) Ltd., an associate of Chemoil acting as a trustee for participants in the scheme, transferred 100,000 shares of the company's stock at a price of $0.261 on February 28.
Chemoil filed for a voluntary delisting for the SGX last week, reflecting plans by majority shareholder Glencore Xstrada Plc (Glencore) to take the company private through its subsidiary, Singfuel Investment Ptd. Ltd. (Singfuel), which already owns 89.2 percent of Chemoil.
The companies said going private would reduce Chemoil's expenses and provide management with greater flexibility in developing the business.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 510.00 | 1.00 | 600.50 | 1.50 |
| Rotterdam | 472.50 | 3.00 | 612.50 | 3.00 |
| Houston | 472.00 | 0.00 | 619.00 | 0.50 |
| Fujairah | 502.00 | 2.00 | 709.00 | 4.50 |
| Global 20 Ports Average | 532.00 | 1.00 | 706.00 | 0.50 |
| Global 4 Ports Average | 489.50 | 1.50 | 635.50 | 2.00 |
| Global Average Bunker Price | 568.50 | 1.00 | 753.50 | 1.00 |
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