Keppel Offshore & Marine is being sued by the eight funds managed by investor EIG, with a claim of almost USD 820 million in a dispute over fraud with participation from Petrobas, among others. Keppel sees low risk of a court ruling against the company.
High container rates have made it more attractive for container carriers to keep their vessels on the water rather than having scrubbers installed and saving money on fuel. As a result, completed scrubbers are piling up at Wärtsilä. "We can't keep them until the boom ends."
The police tapped Bunker Holding CEO Keld R. Demant's phone and two employees at Dan-Bunkering's Kaliningrad office earned huge bonuses from selling jet fuel to two Russian companies playing a pivotal role in bypassing sanctions against Syria. These were some of the revelations in court on the first day of the Dan-Bunkering case.
Dan-Bunkering, Bunker Holding and CEO of the latter, Keld R. Demant, are all pleading not guilty to the charges of illegal jet fuel sales to Syria and are seeking acquittal, announced today during the trial at a Danish District Court.
A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.
Oil rallied above USD 86 a barrel after Saudi Arabia said that the OPEC+ alliance should maintain its cautious approach to managing global crude supplies given the threat to demand still posed by the pandemic.
The global maritime sector can reach zero-emission shipping by 2050, according the first comprehensive analysis from the Maersk Mc-Kinney Møller Center for Zero Carbon Shipping. "Four main drivers can accelerate the transition," the analysis reads. Find the analysis here.
Norwegian insurer Skuld is seeing an uptake in cases involving bunker fuel that buyers say failed to live up to the quality that was ordered. Skuld recommends that shipowners and charterers test the fuel they have ordered from bunker suppliers.
Henrik Zederkof, former CEO of Dan-Bunkering, could turn out to be a key witness in the upcoming criminal proceedings involving Dan-Bunkering, Bunker Holding and the latter's CEO, charged with breaches of EU sanctions by selling jet fuel that ended up in Syria.
It is no accident that the Danish financial police has separated its sheet of charges in two in the upcoming criminal case against Dan-Bunkering, Dan Holding and its CEO, distinguishing between 25 and 8 allegedly illegal trades of jet fuel to Syria.