Baltic Oil to make name change announcement

Wed 15 Aug 2012, 07:13 GMT

Baltic Oil to make name change announcement

Announcements regarding name change to Pan European Terminals plc and H1 results expected shortly.

Baltic Oil Terminals plc has confirmed that all resolutions put to yesterday's Annual General Meeting were duly passed.

A further announcement is expected to be made once the process for the company's name change to Pan European Terminals plc has been completed. The name change aims to reflect the UK-listed firm's strategy to expand its non-Russian assets.

Baltic Oil also said that it expects to announce its interim results for the six months ended 30th June 2012 on or around 1st September 2012.

In June, Baltic Oil reported that turnover in 2011 increased to GBP15.6 million (2010: GBP6.0 million), producing profits after taxation of GBP 4.7 million (2010: GBP2.4 million).

BP United Kingdom


		Fuel quality management for vessels in extended idle: Arabian Gulf, Gulf of Oman and adjacent anchorages \| Rahul Choudhuri, VPS Managing fuel quality deterioration following the closure of the Strait of Hormuz.

		Agastya Green Fuels signs 250,000 t/yr e-methanol offtake deal with Sri Lanka’s SAR Group Indian producer and Sri Lankan maritime firm agree long-term green methanol supply partnership.

		Bunker Holding seeks risk specialist for Copenhagen internal pricing desk Danish bunker group is expanding its internal pricing team to meet growing demand for fixed-price solutions.

		Biofuel demand could surge 70% by 2030 as food price fears mount T&E warns governments risk trading an oil crisis for a food crisis as biofuel targets strain vegetable oil and fertiliser markets.

		Shore power shifts from voluntary measure to compliance requirement, DNV white paper finds Shore power is moving from an optional emissions tool to a regulatory obligation for shipowners in key trades.

		Baker Hughes’ NovaLT 16 gas turbine receives RINA type approval for marine propulsion on hydrogen and natural gas Certification covers operation on natural gas and blends up to 100% hydrogen for marine use.

		ABS grants approval in principle for nuclear reactor integration in cargo vessel design ABS, HD KSOE, Capital Maritime Group and MIT have received approval in principle for a nuclear-powered cargo vessel propulsion system.

		Green e-fuel export corridor between Brazil and Belgium advances to feasibility stage A consortium has been formed to develop a green e-fuel corridor linking Porto do Açu to Antwerp-Bruges.

		Sallaum Lines takes delivery of two LNG-fuelled PCTCs in simultaneous handover ceremony RoRo carrier receives MV Ocean Express and MV Ocean Navigator from Chinese shipyard.

		Agastya Group signs MoU with Andhra Pradesh government for 1 MTPA green methanol hub at Mulapeta Port India-based Agastya Group plans a $6.5bn green methanol export facility on the country's east coast.