Singapore bunkering firm Innovek Pte Ltd in March filed a claim of USD 1.1 million (exact: USD 1,057,267.62) against the former Director of Singapore bunker supplier Bunker House Petroleum at the High Court of the Republic of Singapore, showed documents obtained by Manifold Times.
Chua Chin Lan, adjudged bankrupt by the court in late August 2019, was among defendants earlier facing a claim of USD 3.9 million (exact: USD 3,922,368.65) from bunker supplier Global Energy Trading Pte Ltd over the delivery of marine fuel in or around December 2018 and January 2019.
The latest development alleges the individual facing a debt totalling approximately USD 5 million due to personal guarantees undertaken with Innovek and Global Energy Trading.
Related: Global Energy Trading takes Bunker House Petroleum to court over alleged debt
Photo credit: Manifold Times
Published: 4 May, 2020
The Maritime and Port Authority of Singapore welcomes the 13th edition of SMW, which runs from 21 to 29 April.
New structure has the various responsibilities of the CEO shared by a few executives.
Dalian Shipbuilding Industry awaits for installation of Wartsila EGC system onboard the New Treasure.
Report summaries ships consuming non compliant bunker fuel, number of FONAR documents received, and vessels experiencing issues with scrubber operations.
Company worked closely with partners to stay compliant with regulations despite current virus outbreak.
Company unable to provide a definitive timetable for completion of audit and publication of results.
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Current low prices for road and aviation fuels in September could mean another increase of flashpoint off-spec cases for MGO when players start introducing the products back into the bunker stream.
Some bunker suppliers at various ports have even achieved their sales target for the year; the trend doesn't seem to be slowing down and suppliers are expecting a boom during end of September.
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