Japanese shipping firm “K” Line has reached “an amicable settlement” with Singapore-based APL Logistics Ltd (APLL), a subsidiary of Kintetsu World Express, over bankruptcy rumours of “K” Line spread by employees at the Tokyo District Court on Tuesday.
“In September 2016, our employees sent erroneous e-mails to our customers which were not based on the facts regarding the financial situation of “K” Line,” said APLL.
“’K’ Line thereafter responded by filing a lawsuit at the Tokyo District Court in December 2016 demanding damages in relation to such e-mails.
“We and our parent company, Kintetsu World Express, Inc., acknowledged the fact that the e-mails included an erroneous report, expressed our regret and responded sincerely, and now we and “K” Line have reached an amicable settlement in relation to that claim.”
Employees of APLL in September 2016 sent out emails containing rumours of “K” Line entering bankruptcy due to it being affected by Hanjin’s collapse in August of the same year.
“Some of APLL employees have disseminated false information to K Line’s clients, which had spread globally, by sending e-mails in which they strongly recommend terminating bookings on “K” Line and shifting to other carriers, because of a potential bankruptcy,” said “K” Line in a December 2016 statement.
“Thus, the reputation of “K” Line has been substantially damaged, and “K” Line has suffered considerable damage due to cancellations or suspensions of bookings by clients.
“'K' Line has decided to file a lawsuit, in order to restore its social confidence and clarify the social responsibility of a company such as APLL.”
Published: 26 July, 2018
Global Energy Trading, Consort Bunkers, and NewOcean Fuel submitting applications at court on Friday.
North Korean-flagged tanker and Chinese named oil tanker spotted 250 km off-Shanghai by Japanese assets.
172,000 mt of jet fuel in alleged sales contributed to 34,000-35,000 Russian flights which was a deciding factor to the outcome of the war, reports DR.
Mok’s offence affected public confidence in the use of the MFM system onboard Singapore bunker tankers, and caused an embarrassment to the MPA, said Deputy Public Prosecutors.
Notably, most of these vessels are fishing boats converted to carry oil as cargo and they even cross borders to conduct illegal sales.
‘The Debtors are authorized to enter into the RSA and perform thereunder,’ states bankruptcy judge.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.
Dwivedi Vivek Kumar ended his tenure as Global Head – Bitumen & Shipping & Regional Head – APAC at GP Global APAC on 10 November 2020 due to internal structuring of the GP Global Group.
