Bunkering firms Global Energy Trading Pte Ltd and NewOcean Fuel (Singapore) Pte Ltd and Consort Bunkers Pte Ltd are in the process of getting their respective fuel oil cargoes back from bunker tankers owned by Brightoil Petroleum (S'pore) Pte Ltd.
Manifold Times confirmed the above development with all firms, who similarly said the decision has been approved by the judge on a Friday (14 December) hearing.
The Singapore-based Brightoil bunker tanker fleet was placed under sheriff’s arrest at the republic on 21 November.
Global Energy Trading is seeking to recover 2,655.05 metric tonnes (mt) of 380 centistokes (cSt) grade fuel oil from Brightoil 319 and 2,448.52 mt of the similar product from Brightoil 329, according to court documents obtained by Manifold Times.
NewOcean Fuel (Singapore) is arranging to discharge 5,866.90 mt of 380 cSt material from Brightoil 688, while Consort Bunkers is looking to recover 4,324.30 mt of 500 cSt grade from Brightoil 666.
Related: Singapore: Brightoil bunker creditor list growing with new firms
Related: Singapore: Toyota Tsusho Corporation seeking $21 million from Brightoil
Related: Singapore: Brightoil bunker tanker fleet placed under Sheriff’s arrest
Other related: Singapore: Petrolimex owed over USD $30 million by Brightoil
Other related: Qatar National Bank seeks USD $21.59 million debt from Brightoil
Other related: Media clarification: Brightoil has settled Sea Trader International’s debt
Photo credit: Manifold Times
Published: 20 December, 2018
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
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‘We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,’ company source tells Manifold Times.