Malaysia-listed MMC Corporation Berhad (MMC) on Monday (7 October) said its 70% owned subsidiary, Pelabuhan Tanjung Pelepas Sdn Bhd (PTP) which is the operator of the Port of Tanjung Pelepas, has resolved the claim by settlement with counterparties over an earlier oil spill incident.
As such, it has discontinued the legal proceedings against Rising Star Shipping Sdn Bhd (RSS) and The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) Singapore Branch.
The RSS-owned MV Trident Star (IMO Number: 9062269) was loading a cargo of 2,500 metric tonnes of marine fuel oil while berthing alongside Berth No. 5 ATT Tanjung Bin Terminal on 24 August 2016.
However, an overflow from one of its tanks onto the upper deck of the vessel resulted into an oil spill spread affecting PTP’s premises causing oil pollution damage and losses for PTP.
PTP was claiming a sum of US $7.61 million (Exact: RM 31,862,212.00) and other amounts including interest rates, costs and further reliefs.
RSS on 17 February 2017 obtained a declaration from the Kuala Lumpur High Court limiting its liability to the maximum amount of 4.51 million Special Drawing Rights (equivalent to approximately RM 25.0 million).
Any amount in excess of the fund will be claimed against the International Oil Pollution Compensation Fund in London.
The withdrawal of the legal proceedings is not expected to have any significant financial and operational impact on the MMC Group for the financial year ending 31 December 2019.
Photo credit: MarineTraffic / M.L. Jacobs
Published: 8 October, 2019
Owner of detained tanker Diamond Z selling bunker fuel to fishing vessel found to be Singapore-based ZBD International, according to authority.
Winding up application filed by FTI Consulting on 18 November will be heard at the High Court on 18 January 2022, says Government Gazette notice.
Economic sanctions targeting Russia continue to evolve and escalate with many being coordinated among the EU, UK, US, and their allies, says the P&I club.
Company believes market and business partners ‘likely to have greater confidence and comfort in continuing business dealings’ if placed under judicial management, says Director.
Electronic meeting of creditors of the companies will be held on 10 February 2022 for the purpose of allowing the creditors to consider certain resolutions.
The bunkering firm’s UAE branch organised the supply of 380 cSt grade to the 15,091 dwt chemical tanker at Sharjah Anchorage during September 2018.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
