Hong Kong-listed NewOcean Energy Holdings Limited (NewOcean Energy) has detained the Singapore-flagged bunker tanker Pacific Energy 28 on the evening of Thursday (24 October), learns Manifold Times.
A company source confirmed the development was initiated by NewOcean Energy but declined to provide further details.
The Pacific Energy 28 is operated by Singapore-based Pacific Ship Management Pte Ltd, according to a shipping database. The company is related to the insolvent Hong Kong-based bunker tanker owner Chuang Xin (China) Group Limited.
The Chairman of Daisho Microline Holdings Limited (DMHL), a company identified as Pacific Dragon (Hong Kong) Energy Limited (Pacific Dragon), is a Director at Chuang Xin.
NewOcean Energy earlier stated Pacific Dragon to be a trade debtor of NewOcean Petroleum who still had outstanding debt from various purchases of marine fuel made under a Master Sales and Purchase Contract (Contract) executed in December 2018.
Additionally, DMHL also provided ship mortgages of two Singapore-flagged bunker barges (either owned directly or indirectly by DMHL) to NewOcean Petroleum as part of the Contract.
The Chairman of DMHL is also a director at Inter-Pacific Petroleum Pte Ltd (IPP) and its parent company Inter-Pacific Group Pte Ltd (IPG) – firms which have filed for interim judicial management on 16 August at the High Court of the Republic of Singapore.
Related: Societe Generale lawsuit against NewOcean Petroleum dropped, party to counterclaim
Related: NewOcean Petroleum to ‘vigorously contest’ against Societe Generale lawsuit
Related: With nearly $180 million of debt, IPP proposes interim juridical management
Other related: MPA revokes Inter-Pacific Petroleum bunker craft operator licence
Other related: Magnets on MFMs: Trial starts for former bunker clerk of “Consort Justice”
Other related: First suspect charged over MFM tampering in landmark case
Other related: Magnets on MFMs: “Consort Justice” crew pleads ‘not guilty’ to tampering charge
Other related: IPP responds to temporary suspension of bunker craft operator licence
Other related: MPA temporarily suspends IPP bunker craft operator licence
Other related: Singapore: Bunker Cargo officer, crew face charges over alleged MFM tampering
Photo credit: MarineTraffic / Hans Schaefer
Published: 25 October, 2019
Thor Achiever received 492.123 mt of VLSFO product at Singapore port on or about 17 to 18 November 2019; operation of bulker affected after using bunkers.
Any person having a claim against the ship or the proceeds of the sale should accordingly do so before 90-day expiration, advises Assistant Sheriff.
‘I was under pressure from earnings and Jim Pedersen was sitting at the button,’ he told Danish court.
Will continue to seek legal advice in relation to legal developments at Singapore and Hong Kong, it says
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