A hearing between Singapore-based capital financing provider Ethoz Capital Ltd (Ethoz) and local bunker supplier A Dot Marine Pte Ltd (ADM) was held at the High Court of the Republic of Singapore on Wednesday (8 January).
Ethoz was seeking for debt repayment of approximately $953,000 from ADM, including a property as part of an Instrument of Mortgage arrangement entered in 12 September 2017, according to court documents obtained by Manifold Times.
The debt includes an additional Term Loan Facility Agreement entered in 15 August 201, and separate Deeds of Guarantee signed on 15 August 2017 and 11 September 2018.
ADM is currently an accredited bunker supplier operating at the Port of Singapore licensed for delivers of only marine gas oil (MGO) product.
Published: 14 January, 2020
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.