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Second Arrest Warrant Issued for GP Global's Tanker
An Indian court has issued a second arrest warrant for a marine refueling tanker owned by troubled UAE oil trader GP Global after it failed to make payments to its ship manager, court documents showed.On Sept. 10, the High Court of the western Indian state of Gujrat granted the vessel manager's, Singapore-based Celestial Ship Management Pte Ltd, a request to arrest the GP B3 bunker tanker for unpaid dues…
Court Orders Seizure of GP Global's Oil Tanker Over Loan Default
An Indian court has ordered the seizure of a tanker belonging to Dubai-based oil trading firm GP Global after a petition from UAE lender National Bank of Fujairah over a loan default, a court document showed.The Gujarat High Court directed the authorities of Pipavav Port on Sept. 9 to seize the company's bunkering tanker, GP B3, and detain it until a further court order or until the outstanding loan amount of just over $2 million is paid, a court document seen by Reuters shows.
Cepsa, GP Global to Produce Marine Lubricants in India
Cepsa and Global Energy Private Limited (GPGEPL), part of UAE-based global conglomerate GP Global, have announced an exclusive partnership to manufacture and market Cepsa branded marine and power generation lubricants in India.As per the agreement, GP Global will manufacture, package and even import Cepsa branded lubricant products in India.“India is a huge market for port modernization and coastal shipping development. Major initiatives have been taken in this direction by our government.
GP Global Delivers its First LSFO Bunker Fuel in Fujairah
Oil trader and bunker provider GP Global delivered its first barge of low-sulphur fuel oil compliant with IMO regulations on sulphur emissions into Fujairah in the United Arab Emirates, it said on WednesdayThe company delivered a 6,000-tonne bunker barge at the port, a main hub in the Mideast Gulf region for bunker operationsFrom the start of 2020 all ships will be required to burn fuel with maximum 0.5% sulphur, down from 3.5% sulphur currently, unless they have sulphur cleaning kits called scr