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 |
| 0579F | ANGEL SUN | 2006 | 4,998 | MFO |
| 0708Z | ANGEL MOON | 2011 | 6,963 | MFO |
| 0711Z | ANGEL STAR | 2012 | 6,941 | MFO |
| 0697J | ANSHENG | 2012 | 6,842 | MFO |
*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.
Related: Singapore: Four bunker tankers arrested
Published: 5 April, 2018
WHO has declared the outbreak as a Public Health Emergency of International Concern and has proposed certain Temporary Recommendations be issued.
The Johor Port Authority makes a decision to allow only Malaysia-registered ships to offer bunkering and other types of marine services at Johor state ports.
The company on 13 December filed for liquidation as part of a creditors’ voluntary winding up operation.
Deadline to submit a proof of debt for parties claiming to be creditors of the company is scheduled to take place on 31 December 2021 before 5:00 pm.
Cai Zhi Zhong received a total of about USD 1.3m to USD 1.6m, of which he saved a portion and spent the rest, including on property, cars and watches, according to court documents obtained by Manifold Times.
Grant Thornton Singapore appointed provisional liquidators of both Xihe Group subsidiaries on 17 March 2022, states Government Gazette notices.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.
