New regulatory requirements for reporting ship energy consumption has taken effect, says West of England.
Highlights withdrawal of Broad Action’s US $42 million winding up petition at Hong Kong; Singapore progress in debt proceedings; efforts to raise liquidity.
Expects to emerge from Chapter 11 around end of Q1 2019 after implementation of restructuring plan.
‘The Debtors are authorized to enter into the RSA and perform thereunder,’ states bankruptcy judge.
Hong Kong court hearing scheduled for 6 March; Singapore hearing to take place this Friday (18 January).
Singapore High Court recently held an ‘Examination of Judgement’ session to determine available assets to satisfy the judgment debt, learns Manifold Times.
Seeks to reclaim back amounts used for bunker supply to four COSCO vessels before OW Bunker collapse.
Over 11 separate marine refuelling operations at various ports between March to October 2018.
OMS Marine failed to comply with the Weights and Measures Act and supplied lesser fuel than stated.
Captain of QB 91668 TS could not produce any invoices and documents proving the legality of oil cargo.
