The creditor list of Brightoil Petroleum (S'pore) Pte Ltd (Brightoil), the Singapore subsidiary of Hong Kong listed Brightoil Petroleum (Holdings) Limited is expected to grow.
Bunkering firms Global Energy Trading Pte Ltd and NewOcean Fuel (Singapore) Pte Ltd will be submitting respective applications for claims at the High Court of Singapore on Friday (14 December).
Consort Bunkers Pte Ltd, meanwhile, is coming in as an intervener to join the ongoing litigation for claims.
It is unclear how much the above parties are seeking from Brightoil.
Toyota Tsusho Corporation, Petrolimex Singapore Pte Ltd and Qatar National Bank are respectively seeking USD $21 million, over USD $30 million, and USD $21.59 million (totalling $72.59 million) from Brightoil.
Brightoil Petroleum Holdings Limited has 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: Singapore: Toyota Tsusho Corporation seeking $21 million from Brightoil
Related: Singapore: Petrolimex owed over USD $30 million by Brightoil
Related: Qatar National Bank seeks USD $21.59 million debt from Brightoil
Other related: Singapore: Brightoil bunker tanker fleet placed under Sheriff’s arrest
Other related: Media clarification: Brightoil has settled Sea Trader International’s debt
Photo credit: Manifold Times
Published: 13 December, 2018
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.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.