Marine fuel and lubricant trading firm Glander International Bunkering in late February placed an oil tanker owned by Istanbul-based Palmali Co Ltd under detention at the Port of Constanta, reported local paper ZIUA de Constanta.
Detention of the 6,526 dwt Russian-flagged Chingiz Mustafayev (IMO 9354636) was registered under file no. 1153/118/2019 at the Constanta Tribunal on 27 February.
Palmali, is among the largest players in Russia’s river-to-sea cargo market.
A Russian court in November 2018 reportedly declared the Russian business of Palmali bankrupt due to a $180 million debt to Sberbank and $24 million to local tax authorities; the legal move effectively hands over the group’s approximate 50-strong fleet to Sberbank.
Mubariz Mansimov, the owner of Palmali, in December told Reuters he intends to fight the ruling of the Russian court.
Photo credit: MarineTraffic / Suha OZTEN
Published: 6 March, 2019
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.