Qatari commercial bank Qatar National Bank (QNB) is seeking USD $21.59 million debt from Singapore bunker supplier Brightoil Petroleum (S'pore) Pte Ltd (Brightoil), reports Reuters.
A pre-trial conference between Brightoil and QNB has been scheduled at the Singapore High Court on 28 November.
Hong Kong-listed Brightoil Petroleum Holdings Limited, the parent firm of Brightoil, on Wednesday (21 November) announced several developments signalling its return to the shipping sector and reorganisation of debt.
It decided to terminate the commercial negotiation of the sale of 15 vessels; the Hong Kong firm’s Singapore-based shipping subsidiary Brightoil Shipping Singapore Pte. Ltd. (BOSS) and Shell International Eastern Trading Company has entered into charter agreements in relation to BOSS’s five VLCCs and four Aframax tankers.
Brightoil Petroleum Holdings Limited stated it is working with a lead bank under the overall guidance and coordination lead by the People's Bank of China to formulate a package for financing and debt optimisation adjustment plans.
Related: Brightoil bunker tanker fleet placed under Sheriff’s arrest
Related: Brightoil signals return to the shipping sector, starts reorganisation of debt
Related: Brightoil: Plans to sell Zhoushan oil storage terminal, 15 vessels
Related: Petrolimex in winding up application against Brightoil at Singapore High Court
Photo credit: Brightoil Petroleum (Holdings) Limited
Published: 26 November, 2018
Patrizia Cosulich becomes first bunker tanker in Singapore to undertake its Mass Flow Meter extension test using the Master Mass Flow Meter, learns bunkering publication Manifold Times.
Bunker claims totalling SGD 628,000 for 88 deliveries of marine gas oil between the period of 7 February 2020 until 15 April 2020, according to documents obtained by Manifold Times.
Event welcomed over 1,100 attendees from 42 countries; delegates visited virtual booths about 4,800 times; while around 5,800 connections were made, according to data from organiser Informa.
Bunker suppliers and bunker craft operators may choose to carry out meter verification using either existing MIMO method OR with the use of a Master Meter.
Pai Kheng Pheng of Sentek Marine & Trading Pte Ltd on Thursday (8 October) was ordered remanded for a further week for investigations, AGC spokesperson informs Manifold Times.
INTERTANKO, BIMCO, SSA, IBIA Asia share what the technology brings to the waterfront, while operator Metcore International and manufacturer Endress+Hauser explain its benefits to the bunkering industry.