OW Bunker Collapse: Comprehensive Report on “How and Why” it happened !

 

Here is the 401-pages comprehensive report on the collapse of OW Bunker – a major scandal in the maritime industry that has changed the bunker business of ever !.. Just click the name to open the PDF file.

Our thanks to Halling-Overgaard – Sølvkær Olesen – Henriksen, Advocates, Aarhus, Denmark (http://www.fhplaw.dk)

OW Bunker

 

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Vitol and Sargeant Marine to form a global leader in asphalt logistics and trading

 

The Vitol Group (“Vitol”) and Sargeant Marine (“Sargeant”), the world’s largest asphalt trading, storage and transportation business, today announced that Vitol will be acquiring a 50 percent interest in Sargeant Marine for an undisclosed sum.

Here is the full press release:

Press release Sargeant Vitol FINAL

 

 

 

Algeria: Drops the US$ for its commercial transactions with China !.. sign of things to come ?

 

As from this month (December 2015), Algeria has decided that all payments for all its commercial transactions with China will be settled in  Yuan (or Renminbi, the other name of the same currency).

Here is the official notice from the Central Bank of Algeria:

Note-banque-dAlgerie-monnaie-chinoise-