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
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.