Court documents show a total of approximately 10,360 metric tonnes (mt) of marine gas oil (MGO) amounting to SGD $5.99 million ($4.52 million) being stolen from Singapore Shell Bukom to date.
The stolen oil was loaded onto three tankers, namely Prime South, Sentek 26 and MT Gaea, which travelled over Asia over the last three months, according to Thomson Reuters.
Investigations showed the theft occurring over a period of three and a half months during normal working hours of the refinery.
Reuters provided a breakdown of the incident dates, volume of gasoil stolen and value of the product:
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Published: 17 January, 2018
Captains could not produce invoices and documents proving the legality of a total 100 kilolitres of diesel oil.
Both companies allege Tumpuan Megah, a subsidiary of SIL, had entered into contracts both made ‘orally or by yahoo messenger’ and are seeking relief from damages.
Authorities made a record of administrative violations and escorted the vessel to port of Squadron 421/Squadron 42/BTL Coast Guard Region 4 for further investigations.
‘Xihe is deeply grateful to the lenders and to the Court for this opportunity,’ said the company in an official press release on Wednesday.
Meeting will be held electronically on 8 September 2022 at 10.30 am for creditors to get an update on liquidation administration, according to the Government Gazette.
Other companies that will undergo the winding up process include An Sheng Shipping, An Kang Shipping, An Hua Shipping and An He Shipping, according to Government Gazette notices.
Discussions around the need to develop methanol bunkering operations are taking place at numerous ports ahead of estimated demand of above 7M mtpa by 2030, says Chris Chatterton of Methanol Institute.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
