GLOBAL: Aegean director details trigger-points which precipitated the company’s near-collapse
Tyler Baron, Board Director and Chairman of Aegean’s Audit Committee, says the company is currently cash-flow negative – ‘Returning to profitability will likely take some months and require a considerable amount of capital as the company recovers from its near-death experience.’
EUROPE: Port of Las Palmas registers 8% dip in bunker deliveries
The Canary Islands port recorded 195,680 metric tonnes of supplied marine fuel in September – 16,746 mt less than during the same month in 2017.
AMERICAS: Port of Corpus Christi and The Carlyle Group ink agreement on new oil export terminal
The Harbor Island project, expected to be realised by late 2020, would be the first onshore location in the US Gulf able to service fully-laden VLCCs.