35 vessels designated as ‘blocked property’; Ballito Bay Shipping and ProPer In Management added to sanctions list.
‘A minimum of 22 months before anything can enter into force,’ says legal affairs and external relations director.
Expects non-compliance to retain 860,000 bpd of HSFO demand in 2020 due to several factors, it says.
‘Strong pressure’ from the Korea Development Bank and Korea Eximbank has resulted in the development, says letter seen by Manifold Times.
Ocean Basin Shipping, White Reefer Line Corporation, Kobe Shipping Company involved in $624,000 claim.
Chembulk did not have enough facts to make claim and initiated lawsuit without completing analysis, it claims.
Identified 105 instances of off-spec bunker fuel samples, representing an increase from 61 cases in 1H March.
Invoices for the product were inconsistent and there was no certificate of origin for the product, it says.
Chapter 11 restructuring which commenced on 6 November 2018 has reached milestone on 4 April 2019.
‘[Singapore] protested, but we have assured them that it is in Malaysian waters, and not in theirs’, he says.
