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AP OIL INTERNATIONAL LIMITED

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BACKGROUNDThe Company was incorporated in Singapore under the name of Huan Chew Oil Trading Pte Ltd on 24 December 1975. On 24 March 2001, it was converted into a public company and changed its name to AP Oil International Ltd.
The Group is principally engaged in the manufacture of lubricating oils and fluids for industrial, automotive and marine applications. It is also engaged in the supply and trading of base oils and additives used in lubricant production.

Through its subsidiary, AIM Chemical Industries (Pte) Ltd (AIM), the Group provides tollblending and contract manufacturing services for specialty chemicals. AIM also supplies and trades in chemicals.

The Group operates three manufacturing plants, two for manufacturing lubricants and one for manufacturing chemicals, in Singapore. One of its lubricant manufacturing plants has an oil terminal and a private jetty for loading and unloading of liquid cargo. The storage terminal and private jetty capable of berthing up to 15,000 tons of vessel will be completed by end March 2004. Equipment and machinery are expected to be ready by April and official operation is scheduled to be in June 2004.

CORPORATE WEBSITE : http://www.apoil.com.sg


Chemoil Energy Limited

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BACKGROUNDChemoil is an integrated physical supplier of marine fuel products globally. It purchases fuel oil, diesel oil and blend components from national oil companies, refineries, major oil producers and other sources. It transports, stores and blends marine fuel, which it sells and delivers to a broad base of customers. These customers include a diverse group of ocean-going ship operators, international container and tanker fleets, time charter operators, marine fuel traders and other customers. Chemoil participates in all key stages of the marine fuel supply chain, enabling it to capture margins at every stage. Chemoil acts as "gas stations" for ships and provide fuelling services to its customers through service centres that it operates in many ports around the world. It provides its customers with global single supplier convenience, competitive pricing, the availability of trade credit, access to specialised products, customised term contracts and fully integrated marine fuel delivery services. Chemoil has physical operations in many ports around the world, including Los Angeles, New York, Houston, Singapore, Panama and the Amsterdam-Rotterdam-Antwerp (ARA) region. In all of these ports, it owns or leases terminal capacity for the storage and blending of fuels and barging facilities for the delivery of marine fuel to its customers, which allows for the full integration of marine fuel delivery in each of the markets that it serves. Chemoil maintains sales offices in San Francisco, Rotterdam, Monaco and Singapore. Through its associated company, IPC (USA), Inc., or IPC, Chemoil markets jet fuel to U.S. and international commercial airlines in the United States and market and sell unbranded gasoline and diesel fuel to independent retail stations and other customers, including delivery services and other industrial users.

COPORATE WEBSITE : http://www.chemoil.com



China Aviation Oil (Singapore) Corporation Ltd

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BACKGROUNDThe Company was incorporated in Singapore on 26 May 1993. It became a public company on 6 December 2001 and changed its name from China Aviation Oil (S) Pte Ltd to China Aviation Oil (S) Corporation Ltd ('CAO'). CAO was conferred the Approved Oil Trader (AOT) award (which was later changed to Member of the Global Trader Programme) by the Government of Singapore in 1998.
The largest shareholder of CAO is China Aviation Oil Supply Corporation ('CAOSC'), one of the largest state-owned enterprises in China. CAOSC is responsible for the construction of aviation oil supply infrastructure, purchase of aviation oil supply equipment and the supply of jet fuel to over 100 foreign and domestic airlines (including the purchase, transportation, storage, and into-plane services of jet fuel) at more than 100 civil airports throughout China.

CAO’s main business includes Jet Fuel Procurement, International Oil Trading and Oil-related investment. CAO has established a 'three-pronged' strategy, that embrace, 'Strengthen the import jet fuel procurement, Expand International Oil trading business and Develop oil-related investment.' Imported jet fuel procurement is the core business and base of CAO, whilst international oil trading will not only expand CAO’s scale but also improve its profits, oil-related investments will ensure CAO continues to achieve steady growth.

Presently, CAO has close to 100 percent market share of the procurement of imported jet fuel for the civil aviation industry in China. CAO succeeded in conducting international oil trade in jet fuel, fuel oil, gas oil, crude oil, petrochemical products and oil derivatives. The company has also expanded its market beyond China to ASEAN countries, Far East and America etc. In April 2002, CAO was successful through an exclusive tender exercise, to secure an offer to invest in a Spanish oil logistic and facilities company CLH, which is a leading oil carrier and owner of the largest network of oil pipelines and storage facilities throughout Spain. In July 2002, CAO has entered into an S & P agreement to acquire a 33 percent stake of Shanghai Pudong International Airport Aviation Fuel Supply Corporation Ltd. After this acquisition, CAO will not only become the second largest shareholder of the aviation fuel company, but will also be able to own and operate the re-fuelling facilities and supply jet fuel to domestic and international airlines.

COPORATE WEBSITE : http://www.caosco.com