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
On 5th June 2021, VPS carried out a Remaining On Board (R.O.B.) survey on board a Singapore-registered bunker tanker at short notice by the Charterer and quickly identified the theft of 98 metric tons of bunker fuel.
The Bunkerchain Pte Ltd and Helmsman LLC sponsored event will be moderated by Gabian Chew, Senior Editor of Singapore bunkering publication Manifold Times.
No quarantine required if vessels have not called at Brazil, India, Nepal, Pakistan, the Philippines and South Africa during the 21 days prior to arrival at Hong Kong port, according to Marine Department notice.
CCIC discuss the progression of MFM technology for bunkering at Singapore port with Manifold Times; and possible development of a primary facility for MFM calibration.
‘The acquisition of PGI Industries will enhance VPS’ preventative maintenance services offered to the power sector, increasing protection and sustainability of the asset,’ says Malcolm Cooper, CEO, VPS.
A foreign vessel was involved in an alleged unauthorised STS incident with bunker tanker Pearl Melody on 5 June, Director and General Manager of Consort Bunkers tells Manifold Times.
14 Jun 2021