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
Arrest of the tanker was the seventh in the month of April, says Malaysian Maritime Enforcement Agency.
The case is scheduled for further mention at the State Courts of Singapore in eight weeks time, according to an update from an AGC spokesperson.
Lars Moller to appeal against 18-month prison sentence over violation of several Criminal Codes.
Ocean Porpoise, together with Ocean Goby, Ocean Manta, and Ocean Jack, was arrested in August 2021 following a winding up order against Ocean Tankers.
Dominican Republic-registered tanker and Singapore-registered barge arrested less than two hours apart.
Campbell Johnston Clark partner Ian Short explains to Manifold Times the mechanisms allowing the use of IMO 2020 non-compliant marine fuels by countries.
‘We’ll start the application [to MPA] before the end of 2022 and hopefully to receive approval within six months or sooner,’ L. Y. Hwang, Director / General Manager of Oval Asia Pacific Pte Ltd, tells Manifold Times.
Digitalisation makes it easier for shipowners to conform to growing external regulations such as new sulphur regulations and ‘no scrubber’ zones; operators can identify better bunkering options to reduce costs.
Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Fifteen incidents of misappropriation of Shell gasoil worth USD 10,4 million went undetected by Shell between 2016 to 2017 due to Muhammad Ali Bin Muhammad Nor’s involvement, learned Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.
