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Vitol building refinery for low-sulfur oil

Commodity trader Vitol is building a small-scale refinery in Malaysia, which will become part of the company's setup to supply low-sulfur fuel oil when the new sulfur regulations come into force.

US issued several warnings to Denmark about Dan-Bunkering

At least twice the Danish foreign ministry was warned by US authorities that Dan-Bunkering was involved in jet fuel deliveries to Syria according to Danish media DR. The Danish fraud squad, intelligence service, business authority and local police were also warned. In spite of these warnings, delivery continued.

Sembcorp Marine lands major credit facility

Shipbuilder Sembcorp Marine gets a big loan from its majority stakeholder, Sembcorp Industries. The credit facility will be used to strengthen the company, which is experiencing major decline on its key market.

Exxonmobil plans final exit from Norway

US-based Exxonmobil now opens up to selling all its licenses on the Norwegian continental shelf, according to Norwegian media. The company currently has ownership stakes in more than 20 fields.

Vale can resume operation of Brazilian mine

Mining major Vale can now again start operations at its Brucutu mine in Brazil, which has been shut down since a tragic accident in another Vale mine in early 2019. The company maintains its expectations for its iron ore production this year.

Huge LNG effort in Africa settled

US-based Anadarko invests USD 20 billion in an LNG project in Mozambique. A terminal will contribute to making the southeastern African country one of the largest LNG producers in the world.

DSME to develop digital ships through partnership

South Korean shipbuilding yard DSME is part of a new partnership to develop digital ships, which are virtual copies of original ships. The copies can be used to predict performance and monitor operations onboard.

This week's top stories on ShippingWatch

Two tankers were attacked in the Gulf of Oman Thursday, it is still unknown who is to blame. OW Bunker's former CEO in Singapore, Lars Møller, is going to prison for five years, Get an overview of this week's top picks.

Aker Solutions appoints new CFO

Norwegian oil service company Aker Solutions is getting a new CFO later this summer. He will replace the current CFO, who is moving to a similar position in the parent company.

Dan-Bunkering blames name confusion for new Syria case

The case from August last year, when Danske Bank reported Dan-Bunkering to Danish authorities on a suspicion of supplying fuel to Syria was caused by mix-up in names, says the company. Dan-Bunkering, however, is not able to get the explanation verified.

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