Petrojam, jointly owned by PDVCaribe, a subsidiary of Petróleos de Venezuela (PDVSA) and state-owned Petroleum Corporation of Jamaica (PCJ), has clarified New York-listed bunkering firm Aegean Marine Petroleum Network (Aegean) does not owe it any monies.
Aegean on 6 November filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code in the Bankruptcy Court for the Southern District of New York.
A court document showing 30 creditors have suggested Petrojam being owed USD $3,176,047 by Aegean.
“Petrojam wishes to inform that all amounts owing for deliveries made to Aegean prior to November 4, 2018, have been fully settled,” stated Winston Watson, general manager of Petrojam, as quoted by The Jamaica Gleaner.
“Petrojam has had a long-standing relationship with Aegean Marine Petroleum since 2005, and they have maintained an impeccable payment record.”
Watson added the last delivery to Aegean was loaded on Sunday, November 4, 2018, and was worth USD $370,000.
Representatives from Petrojam are in dialogue with Aegean and expect the money to be paid.
Published: 9 November, 2018
Significant uptick in the number of quality claims being alleged by ship owners has also been seen since the implementation of contactless bunkering operations, notes Partner at Rajah & Tann.
‘The launch of our company website signifies the readiness of Singfar to engage with relevant stakeholders to achieve our mission of enabling sustainable trade,’ Managing Director tells Manifold Times.
Associate Director at Helmsman highlights the need to stay up-to-date with latest protocols / measures introduced by MPA, with continuous education of Master and crew of the visiting vessel.
BunkerPlanner Lite is an attempt to educate professionals engaged in bunker decisions about the use of advanced technology in the decision process, explains BunkerMetric CEO Christian Plum.
Senior Associate at Clyde & Co offers guidance to protect shipowners and bunker tanker operators in the event opposing counterparty breaches Covid-19 protocols, resulting in Covid-19 transmission.
Having a surveyor’s watchful eye to detect illegal activities also sends a strong signal to barge and vessel crew not to undertake any intended non-compliance, states VPS Senior Sales Manager.