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Endofa

Read all the latest news about Endofa. ShippingWatch gives you independent, credible, critical and fair news.

Endofa submits incomplete financial report

The owners of bunker company Endofa have submitted an incomplete financial report in which all key items show zero. This is due to the fact that the annual reports from its foreign subsidiaries were not completed in time, CEO tells ShippingWatch.

Dismissed employee triggered Endofa's dispute with partner

Endofa's ambitions to build a global bunker company ended up in animosity and a sentence against a partner for providing misleading information about oil trades in Angola. But it was an outsider who set the case rolling. Based on witness testimony, ShippingWatch tells the story.

Dismissed employee triggered Endofa's dispute with former partner

Endofa's ambitions to build a global bunker company ended up in animosity and a sentence against a partner for providing misleading information about oil trades in Angola. But it was an outsider who set the case rolling. Based on witness testimony, ShippingWatch tells the story.

Former partner sentenced for defrauding Endofa

A former co-owner of Endofa has been sentenced in Denmark to pay DKK 10 million (USD 1.5 million) in compensation to the bunker company after carrying out fraud in connection with oil deals in Angola. The former partner will appeal the decision in the Danish Supreme Court.

Endofa reports deficit after closing down in Denmark

Endofa booked a deficit in 2017, a year in which the bunker company closed down its headquarters in Denmark and wound down its business in Dubai. But the change in course is expected to deliver a profit already next year.

Endofa could be stuck with million dollar claim in Dubai

A claim of close to USD 1 million against Endofa in Dubai is not likely to go away even though the bunker company is now closing its company in the desert state, says a local lawyer specialized in shipping. The claim stems from a failed oil transaction in Africa.

Executives leave Danish bunker company Endofa

CFO Torben Okkels, who has led recent years of financial cleanup at Endofa, has now left the Danish bunker firm. The same is true of a co-founder and head of the Dubai office, while in the meantime there is no access to the Endofa website.

Key figures in Endofa case allegedly owners of controversial oil trader

Until now it has been impossible to pin down those responsible at Nordic Oil & Gas, which in 2015 hired Endofa to freight oil from Ghana, costing several companies like d'Amico millions of dollars, as the oil was sailed around for months with no buyer. A presentation of Nordic Oil & Gas may hold the answer.

Endofa delivers first-ever profit

Bunker company Endofa has positive figures on its bottom line for the first time since the company was founded by three Monjasa breakaways and Kenn Søndergaard in late 2012. Revenue grew by more than DKK 100 million.

Endofa is preparing claims against Danish businessman

Bunker company Endofa will file a compensation claim against Danish businessman Jesper Øhlenschlæger, who hired the bunker company to take part in a failed oil freight in Ghana. Øhlenschlæger denies any personal liability.

Danish businessman at the center of controversial oil trade in West Africa

What at first looked like an ordinary oil trade in West Africa has developed into a court dispute in London, Dubai, and Lagos. ShippingWatch has reconstructed the events which involve Danish businessman Jesper Øhlenschlæger, tax shelter company Nordic Oil & Gas, bunker company Endofa, and tanker carrier d'Amico International Shipping.

Italian carrier files claim against Endofa in Dubai

The dispute concerning a failed oil transport from West Africa to Europe is now continuing in Dubai where carrier d'Amico Shipping has filed a claim for close to one million dollars against bunker company Endofa. The case has previously been decided in London, but the carrier is pursuing a court ruling in the desert state.

Bunker company fires CEO

A Danish bunker company that has expanded solidly in recent years has now said goodbye to its chief executive after just one year on the job.

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