Hong Kong-based bunkering firm Chimbusco Pan Nation Petro-Chemical Company Limited (Hong Kong SAR Registration No. 0330015) has initiated a winding up order against Arkstar Ship Management Pte Ltd (Singapore UEN No. 201317861K) at the High Court of the Republic of Singapore on Friday (15 March), show documents obtained by Manifold Times.
Arkstar Ship Management Pte Ltd (ASM), formerly known as Arkstar ShipManagement Pte Ltd, is a subsidiary of Singapore-based offshore support vessel (OSV) owner Arkstar Offshore Pte Ltd, according to information from its official website.
Arkstar Offshore is a subsidiary of Singapore-listed heavy equipment and industrial machinery spare parts trading and distributor firm Hoe Leong Corporation Ltd. (HLC).
A HLC filing has noted Chimbusco PN seeking a bunker claim of US $335,858 from ASM.
“The plaintiff has filed an application for winding up of ASM with High Court of Singapore,” said HLC in its full year (FY) financial results for 2018 released on 1 March.
“The application is scheduled to be heard at the Court on 15 March 2019.
“ASM is currently seeking legal advice and exploring all of its options in respect of the above mentioned Order.”
HLC reported profit after tax of SG $7.83 million (US $5.79 million) for FY2018, compared to net loss of SG $47.54 million in FY2017.
Photo credit: Manifold Times
Published: 18 March, 2019
Additional topics of bunker contamination and OCM services discussed at VPS’ Fuel Management Challenges – The Year of 2021 & Beyond webinar on 23 September; Manifold Times summarises the session.
‘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.