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
Significant uptick in the number of quality claims being alleged by ship owners has also been seen since the implementation of contactless bunkering operations, notes Partner at Rajah & Tann.
‘The launch of our company website signifies the readiness of Singfar to engage with relevant stakeholders to achieve our mission of enabling sustainable trade,’ Managing Director tells Manifold Times.
Associate Director at Helmsman highlights the need to stay up-to-date with latest protocols / measures introduced by MPA, with continuous education of Master and crew of the visiting vessel.
BunkerPlanner Lite is an attempt to educate professionals engaged in bunker decisions about the use of advanced technology in the decision process, explains BunkerMetric CEO Christian Plum.
Senior Associate at Clyde & Co offers guidance to protect shipowners and bunker tanker operators in the event opposing counterparty breaches Covid-19 protocols, resulting in Covid-19 transmission.
Having a surveyor’s watchful eye to detect illegal activities also sends a strong signal to barge and vessel crew not to undertake any intended non-compliance, states VPS Senior Sales Manager.