Singapore-based Hin Leong Trading (HLT) and Ocean Tankers Pte Ltd (OTPL) were scheduled to have their judicial management applications heard on Monday (27 July) but the hearing was suspended due to the negligence of HLT and OTPL’s lawyers to publicly publish the application, reported The Business Times.
Advocatus Law, the lawyers representing HLT and OTPL are legally required to publish the judicial management applications in the newspapers and government gazette but have neglected to do so.
Consequently, High Court Justice Kannan Ramesh decided not to continue with the hearing as the legal preconditions were not met – despite lawyers representing creditors and debtors expressing their wish to proceed as scheduled.
As many lawyers representing creditors reportedly expressed their strong disappointment, the creditors were legally reassured that HLT and OTPL would not withdraw their judicial management applications.
A new hearing date has purportedly been scheduled for Friday (7 August).
Members of the Lim family are also taking action to restrain Singaporean law firm Rajah & Tann (R&T) from working for court-appointed interim judicial managers of HLT and OTPL.
According to the Lims’ court filing, R&T has long been the family’s legal advisor and has access to an array of confidential documents that are at risk of being abused by R&T in order to benefit the supervisors to the detriment of the Lim family.
Photo credit: Eric Rothermel
Published: 28 July, 2020
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.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.