A legal case between Finnlines, a shipping operator of ro-ro and passenger services in the Baltic Sea, and Bomin Group subsidiary Ostsee Mineralöl-Bunker GmbH (OMB) has been dismissed by the District Court of Rostock.
Finnlines, in its financial year (FY) of 2017, summoned OMB to the District Court alleging the latter of abusing its dominant position in the Rostock bunker market as the sole supplier of marine fuel at Rostock, Germany.
It claimed EUR 2.76 million (USD $3.19 million) in compensation for damages incurred due to the difference between the price paid for the supplied fuel and the market price.
“In its decision the District Court of Rostock dismissed the Company's claims in full,” said Finnlines in its latest Financial Review January – June 2018 report.
“The Company has appealed to the Court of Appeal against the District Court’s decision. The Court of Appeal has rendered its decision dismissing the claim of the Company.
“The case is closed.”
Published: 7 August, 2018
Unni Einemo reports on issues concerning industry stakeholders carrying bunkers as cargo or fuel on ships.
Oil tanker Viet Tin 01, earlier spotted operating in North Korean waters, did not respond to communication.
Overturned vessel was discovered about 2.7 nautical miles off Tanjung Penyusop; no distress signal was given and all crew have been rescued to Batam.
Vessel did not have enough documents proving legal origin of 100,000 litres of DO oil, it said in a statement.
Unnamed sources suggest contaminated bunkers in US Gulf and Singapore derived from same source.
Duo offered bribes totalling SGD $92,000 to Malaysia officers, show court documents obtained by Manifold Times.
Sukumar Verma, Managing Director at Informa Connect Singapore, explains how the world’s largest bunkering event will be virtually carried out between 6 to 8 October 2020.
David John Kidd amassed losses of over SGD 1 million to Lukoil Asia Pacific Pte Ltd through multiple irregular trades with Transocean Oil over a four-month period in 2016.
Helmsman LLC lawyers discuss pausing of LC payment, what it means for parties buying ships from companies of a group affected by fraud allegations, and trafficking in spent bills of lading.
Beluga Asia has entered into a Memorandum of Agreement with Sun Marine Corporation to acquire bunker tanker M.T. MA Veronica for USD 2.45 million.
Listing of Brightoil’s shares on the Stock Exchange was cancelled on 16 March 2020, according to a written Judgement of Russell Coleman, a Judge of the Court of First Instance.
‘To this end, the Bank has shown there are grounds for suspecting the CIA Contract may be a sham / fake contract and/or was not performed,’ said CMB’s submission to the Singapore court.
