Chemoil CEO Dies in Helicopter Crash
The Board of Directors of Chemoil Energy announced that the company’s CEO and Executive Chairman, Robert V Chandran passed away January 7, 2008 from injuries sustained when a helicopter he was traveling in crashed in the Riau Province of Indonesia. In the aircraft with Chandran was Terence Gidlow, Chemoil’s Vice President of Business Development, who was injured but is in stable condition. Chandran built Chemoil Energy into one of the world’s leading independent suppliers of marine fuels since he founded the company in 1981.
Chemoil Pays $55m for Bunkering Terminal, Tankers
Chemoil Energy Ltd. said it plans to buy a bunkering terminal and three oil tankers for a total of $55.14m. The San Francisco-based firm said in a statement it agreed, subject to shareholder approval, to buy the assets from Andorra Services Ltd., a company owned by Chief Executive Robert Viswanathan Chandran. The largest of the acquisitions, at $39.09 million, is Helios Terminal Corp., which owns a bunkering terminal on Singapore's Jurong Island. Source: Reuters
