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
The local bunkering sector has adapted to IMO 2020 requirements and LSFO is now available at more than two earlier locations, notes bunker supplier Trillion Energy.
Claiming USD 108,887.87 for the supply and delivery of 310.00 mt of low sulphur marine gas oil at the Port of Jeddah on or about 23 February 2020.
A sanitisation expert offers Manifold Times a summary of the processes involved in disinfecting a ship together with the equipment and products used in the operation.
‘As the saying goes without people buying things, manufacturing will slow, trade will also slow and shipping movements slows down. It’s a whole chain of reaction,’ says Simon Neo.
Laboratory looking to collaborate with Singapore bunker surveyors to roll out COVID 19 testing service, which has been successfully adopted by land-based industries, to the maritime sector.
Sinfeng Marine Services filed an application to the Court of Appeal to withhold information from the liquidators on October 2019; the appeal was dismissed a month later.