1 |
Maaz Ahmed is stepping down from his role as MEA regional marine fuels manager at Oilmar. |
![Oilmar Regional Manager Steps Down](https://shipandbunker.cdn.speedyrails.net/a/img/_mt_d11bf6beb6519e95eab357fcad6cf4b1.v.625.jpg) |
2 |
The firm has opened a new office in Singapore and hired a regional manager and senior trader. |
![GeoServe Opens Singapore Office](https://shipandbunker.cdn.speedyrails.net/a/img/_mt_4e453e71afaf277c9b60e76efa02fef5.v.625.jpg) |
3 |
The firm has ordered one 12,500 m3 ship and a 20,000 m3 one from CIMC Sinopacific Offshore & Engineering in China, and chartered a new 20,000 m3 one from Avenir LNG. |
![Vitol Takes on Three LNG Bunkering Vessels](https://shipandbunker.cdn.speedyrails.net/a/img/_mt_6c63e298de9f40a318cff388fb4b50a1.v.625.jpg) |
4 |
For 2023/24 the firm's pre-tax profit per tonne was about $1.67/mt, down from about $4.45/mt the previous year. |
![KPI OceanConnect: Bunker Volumes Up 9% to 12m mt, Pre-Tax Profits Drop 59%](https://shipandbunker.cdn.speedyrails.net/a/img/_mt_9fac171477b3bfd8affe0cb60a3eea0e.v.625.jpg) |
5 |
The new hire was previously Monjasa's branch manager in Athens. |
![Bunker Partner Hires Trading Manager in Athens](https://shipandbunker.cdn.speedyrails.net/a/img/_mt_9a6016204def63c4250504bebdc4faad.v.625.jpg) |
6 |
Meanwhile, OPEC members ruin the cartel's goal of cutting output. |
![Crude Stocks Decline, Oil Prices Rise, But Panmure Gordon Warns Of Bearish Headwinds](https://shipandbunker.cdn.speedyrails.net/a/img/_mt_d6afe34881134d19842789dd7a5fe7d4.v.625.jpg) |
7 |
The company saw pre-tax earnings of $22.17 million in the year to April 30, down from $40.9 million a year earlier. |
![Glander International Bunkering 2023/24 Profits Drop From Previous Year's Record](https://shipandbunker.cdn.speedyrails.net/a/img/_mt_95d4047e6988e81947ad1662ac99f7ad.v.625.jpg) |
8 |
The firm shut down its PSTV Cargo operation in the second half of the 2023/24 financial year, a company representative tells Ship & Bunker. |
![Bunker Holding Lost Around $125 Million From African Onshore Business PSTV Cargo](https://shipandbunker.cdn.speedyrails.net/a/img/_mt_975fca73df90b2c5680620fed548e57e.v.625.jpg) |
9 |
The purpose of the pause is 'to address project delivery and ensure future competitiveness given current market conditions'. |
![Shell Halts Construction of Large Biofuel Plant in Rotterdam](https://shipandbunker.cdn.speedyrails.net/a/img/_mt_0e5c2bf470dd6920d5db5574c5e9cdc7.v.625.jpg) |
10 |
The new senior trader has worked for the company since July 2021. |
![Island Oil Appoints Senior Trader in Singapore](https://shipandbunker.cdn.speedyrails.net/a/img/_mt_270dd5882942fdc146c954332468ea83.v.625.jpg) |