The Atalanta, a 24,205.3 dwt medium range (MR) tanker owned by Coastal Logistics Pte Ltd has been arrested in Singapore on Wednesday (2 January), according to information from the Sheriff's Department at Supreme Court of Singapore.
The arrested was made 3.50pm (Singapore time) at Western Petroleum Anchorage in Singapore port through solicitor Rajah & Tann Singapore LLP.
Manifold Times on Wednesday (2 January) first reported the Atalanta and other vessels, including bunker tankers, entering the sale & purchase (S&P) market; these vessels are either owned by Coastal Logistics or Heng Tong Fuels & Shipping.
Both companies are affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd, Simon Millar, Managing Analyst, Platts Ocean Intelligence told Manifold Times.
Coastal Oil (Singapore) on 13 December filed for liquidation as part of a creditors’ voluntary winding up operation.
It last held a creditor’s meeting on December 28, 2018.
Related: Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market
Related: Coastal Oil Singapore to hold creditors meeting on 28 Dec
Related: Breaking news: Coastal Oil Singapore under liquidation
Published: 4 January, 2019
A pre-trial conference regarding the application was heard at the Singapore court in the week ended 1 Sept.
Vessel earlier known as Bossoil 1 the subject of a bunker claim by Singapore-based Staroil Energy Pte Ltd.
Defendant’s two vessels were arrested in Ukraine and sold at a government online auction for arrested property.
Bunker suppliers should consider how to contractually secure maritime liens against bunker tanker and the receiving vessel which the bunkers are ultimately bound.
Sources from Global Energy Trading, Consort Bunkers, and NewOcean Fuel confirm the development.
The possibility of class actions in the U.S. against bunker suppliers ‘cannot be ruled out’, lawyers comment.
OctamarTM HF-10 Plus was subjected to tests conducted at a third party lab by SGS Testing and Intertek in Singapore under the supervision of ClassNK earlier this year, according to spokeswoman.
Former Regional Marine Manager of BP Singapore issued penalty of SGD 6 million; he faces an additional 28-month imprisonment term if penalty is not paid, says Judge.
Sing Fuels claiming over total 1,049.29 metric tonnes of 380 centistokes bunker fuel delivered to bulk carrier Lila Shanghai at Port Elizabeth, South Africa in July 2019, according to court documents.
Reserve Stability Number results are ‘questionable’ as almost all additives targeting asphaltene management show effectiveness in the test, says spokesman.
Singfar International partnering Lianyungang Shenghua Shipbuilding to deliver 7,000 dwt DF bunker tankers from 2023 to support decarbonisation of the Singapore maritime industry.
GSM awarded USD 1.85 million as well as SGD 5,800; Judge finds SFM Director ‘ungrateful and dishonest in his dealings with Bernard and the plaintiff,’ according to Court Judgement seen by Manifold Times.
