Litasco Sa News

Turkey-based Palmali, one of the biggest shippers in the Caspian region, said on Monday it had lodged a claim worth almost $2 billion against Litasco, the trading arm of Russian oil producer Lukoil, with the English High Court. "The claim concerns an alleged failure by Litasco S.A. to provide contractual quantities of cargo under long term contract between the companies," Palmali said in a statement sent to Reuters.   Reporting by Nailia Bagirova; writing by Vladimir Soldatkin

Zeeland Refinery launched CargoDocs for Barges, a system developed by Electronic Shipping Solutions (ESS) allowing for the electronic nomination of barges between counterparties and issuance of electronic sailing advices and barge documents by terminals in the Amsterdam-Rotterdam-Antwerp (ARA) market. Zeeland Refinery created a customized interface which allows nominations to be received directly within the company’s mass balance system. This is the first multiparty, electronic…