A hearing between Singapore-based global ship management firm Eastern Pacific Shipping Pte. Ltd. (EPS) and bunker supplier ExxonMobil Asia Pacific Pte Ltd was held at the High Court of the Republic of Singapore on Thursday (9 May) morning.
EPS and Eastern Pacific Chartering, owner of 203,185 dwt bulk carrier M/V Mount Kinabalu (IMO NO. 9337107), was seeking a bunker claim from ExxonMobil Asia Pacific, according to documents obtained by Manifold Times.
About 3,600 mt of 380 centistokes (cSt) marine fuel oil was supplied to M/V Mount Kinabalu on or about 3 and 4 July 2018.
The product, “did not meet the quality and/or specifications in the Contract and/or were of unsatisfactory quality and/or not reasonably fit for the particular purpose for which they were bought which as a consequence caused loss and damage to the Plaintiffs,” alleged EPS.
Photo credit: Manifold Times
Published: 10 May, 2019
‘Generally, you have to heat VLSFOs to prevent waxing, but the more you heat them the lower the shelf life is going to be,’ Dr Malcolm Cooper, the Group Managing Director of VPS, tells Manifold Times.
Current low prices for road and aviation fuels in September could mean another increase of flashpoint off-spec cases for MGO when players start introducing the products back into the bunker stream.
Some bunker suppliers at various ports have even achieved their sales target for the year; the trend doesn't seem to be slowing down and suppliers are expecting a boom during end of September.
The company has entered a memorandum of agreement with Millenium Satu Ltd to acquire the 7,550 dwt oil tanker to increase service flexibility; vessel will be paid over an installment period of 36 months.
Deloitte & Touche JMs believe IPP has a viable claim against Dr Goh Jin Hian for breaches of his director’s duties to act with skill, care and diligence which he owned to IPP, states court document.
An earlier MPA notice outlined precautionary measures for personnel to observe when conducting marine refuelling operations at port in order to minimise the risk of contracting Covid-19.