PDZ Holdings, a Malaysian investment holding company involved in the container liner business, on Friday (16 October) said it received a sealed order from the Kuala Lumpur High Court awarding claims to Dan-Bunkering (Singapore) Pte Ltd.
The claims payable to Dan-Bunkering total RM 4,943,503.00 (USD 1.2 million); it comprised RM 2,033,300.00 with interest of RM 2,754,203.00, costs of RM150,000.00 and allocator fee of RM 6,000.00.
The claims made are for non-payment of marine fuel oil and/or gas oil supplied to vessels previously owned by former PDZ Holdings subsidiary, Perkapalan Dai Zhun Sdn. Bhd, it explained.
PDZ noted it has made provisions of RM 6,732,000.00 in the unaudited consolidated financial statements during the financial period ended 30 June 2020; suggesting enough liquidity to cover potential liabilities from the Dan-Bunkering case.
The company’s solicitors Messrs. Mohd Latip & Associates, meanwhile, said PDZ Holdings has a strong arguable case in the Court of Appeal.
As such, the company has since filed for an appeal with case management scheduled on 9 December, 2020.
Photo credit: Muhammad Faiz Zulkeflee
Published: 20 October, 2020
President Rodrigo Roa Duterte issued the Executive Order for passing the IMO Member State Audit Scheme.
‘We attach great importance to the relevant information and are carrying out investigation,’ says Foreign Ministry spokesperson.
Will continue to seek legal advice in relation to legal developments at Singapore and Hong Kong, it says
5,869 dwt vessel was involved in an alleged unauthorised anchoring incident in the East Johor Sea on Monday.
Singapore High Court grants Poh Fu Tek and Koh Seng Lee conditional leave to act against the present and/or previous Directors of Vermont, Goldsland and Sin Hua, states Judgement.
Kaohsiung court finds Chen Shih-hsien made ‘false declarations’ to deliver fuel to North Korean ship.
Associate Director at Helmsman highlights the need to stay up-to-date with latest protocols / measures introduced by MPA, with continuous education of Master and crew of the visiting vessel.
BunkerPlanner Lite is an attempt to educate professionals engaged in bunker decisions about the use of advanced technology in the decision process, explains BunkerMetric CEO Christian Plum.
Senior Associate at Clyde & Co offers guidance to protect shipowners and bunker tanker operators in the event opposing counterparty breaches Covid-19 protocols, resulting in Covid-19 transmission.
Having a surveyor’s watchful eye to detect illegal activities also sends a strong signal to barge and vessel crew not to undertake any intended non-compliance, states VPS Senior Sales Manager.
Bunker tanker owner’s trust in LR and Metcore’s expertise proves duo’s experience in bunkering MFMs and unceasing support made the difference in ensuring trust during bunker transactions.
‘To be clear, the activities undertaken by Ang outside of Sea Hub are categorically unrelated to the current non-active status of the company,’ Glen Lim, Shipping Director of Sea hub, tells Manifold Times.
