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Singapore: Ocean Bunkering Services bunker claims against ASL Marine & Offshore heads to arbitration

22 Oct 2020

Ocean Bunkering Services (Pte) Ltd, whose bunkering license at Singapore was recently suspended, is planning to initiate arbitration at the High Court of the Republic of Singapore against barge, tugboat and bumboat operator ASL Marine & Offshore Pte Ltd over a series of unpaid bunker claims.

The bunker claims totalling SGD 628,000 (exact: SGD 627,654.16) is for 88 deliveries of marine gas oil (MGO) between the period of 7 February 2020 until 15 April 2020, according to documents obtained by Singapore bunkering publication Manifold Times.

Ocean Bunkering Services’ hearing for an application for stay of court proceedings to be granted in favour of arbitration has been schedule to take place on Friday (23 October).

The company, an affiliated company of oil company Hin Leong Trading Pte Ltd., discontinued bunker deliveries in April 2020.

ASL Offshore and Marine Pte Ltd operates a fleet of 188 vessels consisting of barges, towing tugs, Anchor Handling Tugs, Anchor Handling Towing / Supply vessels and other vessels, according to information from its official website [link].

It is a wholly owned subsidiary of Singapore-listed ASL Marine Holdings Ltd. The parent company posted net loss of $13.2 million for the three months ended 30 June 2020, compared to net loss of $116.6 million in the similar period last year.

Related: Singapore: Ocean Bunkering Services license suspended until further notice
Related: Singapore: Ocean Bunkering Services to discontinue marine fuel deliveries

 

Photo credit: Manifold Times
Published: 22 October, 2020

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