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
Up to USD 3.5 billion worth of global assets owned by Lim Oon Kuin and his two children are under scrutiny by liquidators looking to recover creditor debt.
Vessel owners were found to have violated terms of licences by adding extra space and modifying oil tanks of the vessels; ships were handed over to MMEA investigation officers for further action.
Grant Thornton Singapore Private Limited was appointed as joint and several liquidators of Xin Chun and Xin Dun for winding up the companies.
Asking price for the 299,999 dwt VLCC starts from USD 54.8 million; Taobao auction to close on 19 November.
Bahamas-flagged MT Strovolos, which Cambodia claims is carrying $21 million worth of crude oil, has allegedly been stolen from Singapore-based Krisenergy.
Any person having a claim against the ship or the proceeds of the sale should accordingly do so before 90-day expiration, advises Assistant Sheriff.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
