The Singapore Supreme Court on Friday (18 September) said an application from Credit Suisse on 26 August for the sale of Liberian-flagged bulk carrier Sam Jaguar (IMO NO. 9637428) has been completed.
The proceeds amounting to USD 10,255,000 were paid into the Court on 14 September, according to a Singapore Gazette notice on Friday (18 September).
The 57,200 dwt vessel was detained at Singapore port in March.
Any person having a claim against Sam Jaguar or the proceeds of the sale, on which they intend to contest should accordingly do so within 90 days of the payment, said the Court
Photo credit: Marine Traffic / Cengiz Tokgoz
Published: 21 September, 2020
Copies of the notice of the meeting of creditors of the companies have been circulated to the creditors by post and/or email, says liquidators.
Cruise ships “Crystal Serenity” and “Superstar Libra” also involved in the Singapore-based bunkering firm’s suit where a maritime lien has also been requested against “M/V Crystal Symphony”, show court documents.
The Saint Kitts and Nevis registered tanker which earlier illegally anchored in Eastern Johor waters, was found repeating the same offense on 4 July, 2pm.
Strong evidence suggests operators need reliable support in bunkering disputes and independent testing and verification is the only way of being truly supported.
Petro Grand FZE, Alphabet International DMCC, Swissol Trade DMCC, Alam Al Tharwa General Trading LLC, and Alwaneo LLC Co reportedly falsified origin of Iranian petroleum.
No quarantine required if vessels have not called at Brazil, India, Nepal, Pakistan, the Philippines and South Africa during the 21 days prior to arrival at Hong Kong port, according to Marine Department notice.
KPI OC seeking to recover debt of USD 805,602.15 over five bunker deliveries, not including accrued interest of about USD 363,000 since 15 September, showed court documents obtained by Manifold Times.
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.
