World News
Dan-Bunkering Has Two Weeks to Make Court Appeal Decision
Bunker supplier Dan-Bunkering has two weeks from the day of the verdict in its EU sanctions case to decide whether to appeal the decision.
Dan-Bunkering, its parent company Bunker Holding and CEO Keld Demant were found guilty of EU sanctions breaches at a Danish court on Tuesday. The case related to 33 jet fuel deals with Russian counterparties in 2015-2017 where the oil allegedly ended up in Syria.
They now have until just before the end of the year to decide whether to appeal the decision at a higher court, a spokesman for Dan-Bunkering told Ship & Bunker this week.
"The court has given the parties the standard 14 days from today to decide whether to appeal the verdict or not," the representative said on Tuesday.
"We will communicate when the decision has been made."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
Popular Now More
-
Apr 24Non-compete clauses have not always been used in a fair and reasonable way in the bunker industry, Maritime Recruitment Company Ltd's Vernon Jayanathan tells Ship & Bunker. -
Apr 25The new hire was previously a marine fuel trader for Vilma Oil in Madrid from June 2017 to last month. -
Apr 24The arrests were both on Monday.