Malayan Banking Berhad, also known as Maybank, is seeking to liquidate a total USD $38.3 million under Mortgagee’s Claim from the owner of four bunker tankers arrested by law firm Rajah & Tann Singapore LLP at Singapore port on Monday.
Vermont UM Shipping is believed to be the owner and operator of the Angel Sun, Angel Star, Angel Moon and Ansheng.
According to Singapore court documents obtained by Manifold Times, the estimated liquidated value of the vessels are as follows:
Data of the arrested vessels are as follows:
|SB Licence||Name||Year built||DWT (mt)||Product|
*Data from the Maritime and Port Authority of Singapore (MPA)
Vermont UM Bunkering is a stakeholder of Vermont UM Shipping, according to information from Singapore’s Accounting and Corporate Regulatory Authority (ACRA).
Vermont UM Bunkering had its bunker supplier and bunker craft operator licence revoked by MPA on 28 April, 2016.
On 16 November 2017, Vermont UM Bunkering’s two directors and one former bunker manager were charged in court with 150 counts of engaging in a conspiracy to cheat customers.
The group dishonestly induced clients to make excess payments totalling over $8 million.
Published: 5 April, 2018
‘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.