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
Dan-Bunkering's management hopes for a quick conclusion after eight Danish authorities investigates alleged irregularities in 2015-2017, states official response.
Vessel earlier known as Bossoil 1 the subject of a bunker claim by Singapore-based Staroil Energy Pte Ltd.
Winding up order earlier initiated on 29 March will be held at Singapore court on Friday (26 April) morning.
Meeting will explore settlement negotiations in view of a proceeding taking place under the London Maritime Arbitrators’ Association with the Respondent.
Global Energy Trading, Consort Bunkers, and NewOcean Fuel submitting applications at court on Friday.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.
