Tue 24 Mar 2015, 14:22 GMT

Andatee director resigns


Chinese bunker supplier confirms the departure of Shao-Hua Chu.



Andatee China Marine Fuel Services Corporation, a company engaged in the production, storage, distribution, trading of blended marine fuel oil for cargo and fishing vessels in China, has confirmed the departure of one of its board members in a document filed yesterday with the U.S. Securities and Exchange Commission (SEC).

According to the document, Mr Shao-Hua Chu informed the board of directors of about his resignation on March 17.

"Mr. Chu noted that his resignation was for personal reasons and not for cause or disagreements with the company," Andatee said in the SEC filing.

"The company thanks Mr. Chu for his services on the board and board standing committees," the Chinese firm added.

The SEC filing was signed by Wang Hao, chairman and chief executive officer of Andatee, on March 23.

Mr Chu was appointed independent director at Andatee on September 2, 2014. He also holds the title of chairman of the Chinese Petroleum Institute, board director of the Taiwan Green Productivity Foundation and the CTCI Foundation.

Mr Chu has over 40 years of management and operational experience in the petroleum industry. He began his career in the early 1970s at Taiwanese state-owned company CPC Corporation, and advanced to various senior level management positions. Up until his retirement in 2012, he served as chairman and president of the firm.

Mr Chu graduated from the Chemical Engineering School in Taiwan Chung Yuan Christian University, and received a master's degree in Chemical Engineering/Petroleum Refining from Colorado School of Mines, United States.

China 

Aerial view of Bahía Beatriz vessel. Schottel supplies propulsion for Mureloil’s hybrid chemical tanker  

Bahía Beatriz joins sister ship to double Spanish operator’s biofuel and methanol transport capacity.

Smart Chimbusco exhibition display. Chimbusco launches six digital bunker products, including AI model and green fuel tools  

Cosco subsidiary unveils customer platform, AI system and methanol calculators for marine fuel sector.

Grande Tokyo vessel. Grimaldi takes delivery of 10th ammonia-ready car carrier Grande Tokyo  

The 9,200-ceu vessel completes a seven-ship series built at Chinese yards for vehicle logistics.

Rolls-Royce mtu engine test bench. Rolls-Royce Power Systems switches German engine test facilities to HVO fuel  

Company saved 3,200 tonnes of CO2 by end of 2025 after switching to renewable diesel.

MSC Migsan delivery ceremony. Changhong International delivers final LNG dual-fuel container ship 205 days early  

Chinese shipbuilder completes 10-vessel series for MSC with delivery of 11,500-teu MSC Migsan.

Seoul city skyline. Oilmar seeks senior and mid-level bunker traders in Seoul  

Marine fuel firm aims to recruit experienced traders for South Korean operations.

Morten Thomas Jacobsen, GEA. Global Ethanol Association to present on ethanol marine fuel at London shipping expo  

Morten Thomas Jacobsen will discuss ethanol fuel trials and maritime decarbonisation challenges in June.

Adrian Tolson, IBIA. IBIA warns of structural shift in marine fuel market following Middle East tensions  

Association chair says geopolitical disruptions signal lasting changes to bunker supply dynamics and pricing.

HMM Hamburg vessel. Rotterdam bunker volumes plunge 25% in first quarter amid regulatory shifts  

Fossil fuel sales decline sharply while alternative fuels show modest growth in Dutch port.

Camellia Dream vessel. Norsepower completes factory tests for 18 rotor sails bound for Airbus fleet  

Wind propulsion units cleared for installation on LD Armateurs vessels targeting 50% emissions reduction.