The Babylon, a 24,205.3 dwt medium range (MR) tanker owned by Coastal Logistics Pte Ltd was arrested in Singapore on Tuesday (1 January), according to information from the Sheriff's Department at Supreme Court of Singapore.
The arrested was made 1.50pm (Singapore time) at Western Petroleum Anchorage B 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; the next meeting is scheduled for Thursday (10 January).
A creditor list of Coastal Oil Singapore surfaced in the Singapore market in early January.
Lately, Hong Kong-listed COSCO SHIPPING International (Hong Kong) Co., Ltd, said its indirect wholly-owned bunkering subsidiary Sinfeng Marine Services Pte. Ltd. suspects fraud to be involved in the recent liquidation of Coastal Oil Singapore Pte Ltd.
Related: Singapore: Coastal Logistics owned MR tanker "Atalanta" arrested
Related: Singapore: Bunker tanker “Coastal Neptune” arrested
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
Related: Fraud suspected in Coastal Oil Singapore case, says COSCO
Related: Coastal Oil Singapore: Creditor list surfaces in bunker market
Photo credit: MarineTraffic / Vladimir Knyaz
Published: 4 January, 2019
The local bunkering sector has adapted to IMO 2020 requirements and LSFO is now available at more than two earlier locations, notes bunker supplier Trillion Energy.
Claiming USD 108,887.87 for the supply and delivery of 310.00 mt of low sulphur marine gas oil at the Port of Jeddah on or about 23 February 2020.
A sanitisation expert offers Manifold Times a summary of the processes involved in disinfecting a ship together with the equipment and products used in the operation.
‘As the saying goes without people buying things, manufacturing will slow, trade will also slow and shipping movements slows down. It’s a whole chain of reaction,’ says Simon Neo.
Laboratory looking to collaborate with Singapore bunker surveyors to roll out COVID 19 testing service, which has been successfully adopted by land-based industries, to the maritime sector.
Sinfeng Marine Services filed an application to the Court of Appeal to withhold information from the liquidators on October 2019; the appeal was dismissed a month later.