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Former Coastal Oil Executives Charged With $340 Million Cheating Offences in Singapore: Reuters
Jun 16, 2020 ... December 2018, and allegations of debt fraud emerged in January 2019.  In a filing made to the Hong Kong Exchange that month, Cosco Shipping International (Hong Kong) Co., Ltd said that Coastal ...
Oil Down on Geopolitical Tension But Recovery From Virus Lockdowns Still Strong
May 27, 2020 ... Donald Trump stating he was working on a strong response to China's proposed security law in Hong Kong caused Brent to fall $1.65 to $34.52 per barrel, and West Texas Intermediate to decline ...
Brightoil Reaches Settlement With Petrolimex Over $30 Million Debt
May 20, 2020 ... Kong-based Brightoil Petroleum (Holdings) Limited says its Singapore unit has reached a settlement with Petrolimex over its $30 million debt to them. Brightoil's founder Sit Kwong Lam was ...
Oil Drops Slightly on Sentiment That Economy Will Take "Many Months" To Recover
May 13, 2020 ... Dr. Gabriel Leung, an infectious disease epidemiologist and dean of medicine at the University of Hong Kong, said massive lockdowns and distancing can't be sustained, and therefore several cycles ...
Chinese Ports Record Rising Bunker Spot Sales
Apr 27, 2020 ... of daily spot bunker deals since June last year. Spot volumes reported to Argus for Shanghai and Hong Kong have also seen increases.  In March, a record high of 27,500 mt was reached in Shanghai ...
Number of Ships to be Equipped with Scrubbers Hits 4,000: DNV GL
Mar 30, 2020 ... the lower-than-anticipated HSFO / VLSFO spread as being a barrier to further orders. Indeed, Hong Kong-based shipping company OOCL this month was among those considering orders for new ...
NewOcean Energy Sees 66% Surge in Bunker Sales
Mar 26, 2020 ... Kong-based energy company NewOcean Energy Holdings saw a 66% jump in its bunker sales last year, the company said Wednesday. Total bunker sales gained 1.768 million mt to 4.464 million mt in ...
S&B VIEWPOINT: 2020's Giant Boxship Orders Will be Key Test for LNG Bunkering
Mar 16, 2020 ... has put in giant boxship orders over the past six months, with more expected this year. Hong Kong's OOCL kicked this year's deals off last week with its order of five new 23,000 ...
OOCL Doesn't Rule Out Fitting Scrubbers to Giant New Boxships
Mar 13, 2020 ... five new giant container ships ordered by Hong Kong-based shipping company OOCL are expected to run on very low sulfur fuel oil (VLSFO), but the company says it may still consider installing ...
Hong Kong's OOCL Orders Five New Giant Boxships
Mar 12, 2020 ... Kong-based container line OOCL has ordered five new giant boxships, the company said Wednesday. The vessels will have a cargo capacity of 23,000 twenty-foot equivalent units (TEU), bigger ...