Connect with us

Legal

Singapore: Energe Asia takes Cockett Marine Oil (Asia) to court over USD 26 mil bunkering services claim

In January 2017, Energe Asia and CMO entered into a 60-month contract for barging services ending January 2022.
Admin

Published

3 years ago

on

supreme court

A hearing between Singapore-based bunkering firm Energe Asia Pte Ltd (Energe Asia) and Cockett Marine Oil (Asia) Pte Ltd (CMO) has been scheduled to be held at the High Court of the Republic of Singapore on 1 November 2023.

CMO will be facing a USD 26.248 million (exact: USD 26,248,022.08) claim from Energe Asia (previously known as Marin Selatan Pte Ltd and MS Resources Pte Ltd) due to outstanding barging fees and late payment interest, according to court documents acquired by Manifold Times.

In January 2017, Energe Asia and CMO entered into a 60-month contract for barging services ending January 2022.

The agreement involves Energe Asia providing a monthly carrying capacity of 100,000 metric tonnes (mt) to support CMO’s bunker fuel oil deliveries at Port Tanjung Pelepas and Port Klang in Malaysia.

Barging fees were initially agreed at USD 285,000 per month with payment 14 days in advance; however, these fees were gradually lowered to a discounted rate from September 2018 on the condition CMO could not enjoy the discounted rate in the event of untimely payment.

Following, CMO allegedly failed to make timely payment from October 2018 to January 2022 [the contract expiry date] – eventually leading to the current claim.

Photo credit: Manifold Times
Published: 5 October 2023

Related Topics:
Continue Reading

Winding up

Singapore: Liquidator of Nan Shan Maritime Pte Ltd issues notice of dividend

Third interim dividend to admitted unsecured claims of Nan Shan Maritime is payable from 15 July, according to Government Gazette notice.
Admin

Published

5 days ago

on

July 16, 2026

By

RESIZED Drew Beamer

A notice of dividend for Nan Shan Maritime Pte Ltd, which is currently in creditors’ voluntary liquidation, was published on the Government Gazette on Wednesday (15 July). 

The following are the details of the notice:

Name of Company : Nan Shan Maritime (Pte.) Ltd.(In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701967H
Address of Registered Office : 10 Anson Road, #10-10, International Plaza, Singapore 079903
Amount per centum : 5.00 Per Centum of all admitted unsecured, claims
First and Final or Otherwise : Third Interim
When Payable : 15 July 2026
Where Payable : Entitlements will be made by way of cheque.

 

Photo credit: Drew Beamer
Published: 16 July, 2026

Continue Reading

Winding up

Singapore: Liquidator of Selco (Shipyard) Pte Limited issues notice of dividend

Fifth and final dividend to admitted creditors of Selco (Shipyard) is payable from 13 July, according to Government Gazette notice.
Admin

Published

1 week ago

on

July 13, 2026

By

Resized benjamin child

A notice of dividend for Selco (Shipyard) Pte Limited, which is currently in compulsory liquidation, was published on the Government Gazette on Friday (10 July). 

The following are the details of the notice:

Name of Company : Selco (Shipyard) Pte Limited (In Compulsory Liquidation) Co. Reg. No. 196800580K
Address of Registered Office : 7 Straits View, Marina One East Tower, Level 12, Singapore 018936
Court : High Court of the Republic of Singapore
Number of Matter : Companies Winding Up No.: 125 of 1986
Amount per centum : 0.499 cents to a dollar
First and final or otherwise : Fifth and final dividend
When payable : From 13th day of July 2026
Where payable : c/o PricewaterhouseCoopers Advisory Services Pte Ltd, 7 Straits View, Marina One East Tower, Level 12, Singapore 018936

 

Photo credit: Benjamin Child
Published: 13 July, 2026

Continue Reading

Vessel Arrest

Malaysia: MMEA detains tugboat with undocumented 10,000 litres of diesel in Kuala Langat

Inspection found MYR 5,000 in cash on the vessel and 10,000 litres of diesel, of which the skipper failed to present any document or permit authorising the transport of the diesel fuel.

Admin

Published

1 week ago

on

July 13, 2026

By

Malaysia: MMEA detains tugboat with undocumented 10,000 litres of diesel in Kuala Langat

The Malaysian Maritime Enforcement Agency (MMEA) on Friday (10 July) said it detained a tugboat  during an enforcement operation in Selangor waters. 

Selangor MMEA director Captain Abdul Muhaimin Muhammad Salleh said the vessel was detained at about 6.35am at about 4.7 nautical miles 0.1 nautical miles from the estuary of Sungai Langat, Kuala Langat. 

He said the initial inspection found that the vessel in question was operated by a 44-year-old skipper along with a 23-year-old crew member, both Indonesian nationals. 

Further inspection found that the vessel did not have a mandatory insurance coverage, including the Limitation of Liability for Maritime Claims (LLMC).

“Inspection also found 10,000 litres of diesel and MYR 5,000 in cash on the vessel,” he said. 

“The skipper also failed to present any document or permit authorising the transport of the diesel fuel, raising suspicions regarding the ownership of the controlled items.”

The tugboat and both crew members were brought to the Pulau Indah Marine Police Force jetty before they were handed over to the Selangor MMEA for further action. 

He added that the case is being investigated under the Immigration Act 1959/63, the Control of Supplies Act 1961, and the Merchant Shipping Ordinance (MSO) 1952.

 

Photo credit: Malaysian Maritime Enforcement Agency
Published: 13 July, 2026

Continue Reading

Trending