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
MMEA launched ‘Ops Jangka Haram’ on 25 March to evict 105 vessels anchored illegally in eastern Johor waters by deploying special task force helicopters.
Grant Thornton Singapore Private Limited appointed as joint and several liquidators of the company for the purpose of conducting winding-up operations of above firms.
Significant uptick in the number of quality claims being alleged by ship owners has also been seen since the implementation of contactless bunkering operations, notes Partner at Rajah & Tann.
New clause focused on compliance has been fast-tracked and may be published at the end of October.
Any person who intends to appear on the hearing of the winding up application must serve on or send by post to Grant Thornton Singapore’s solicitors.
‘No clear timeline when prosecution will take place, if they are found guilty of illegal anchoring,' he says.
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
