Singapore-based Sea Oriental Line Pte Ltd, an operator and charterer of barges, tugboats and bumboats, is currently facing liquidation due to the firm being unable to pay a bunker claim from Cockett Marine Oil (Asia) Pte Ltd.
The bunkering firm entered into a supply contract with Sea Oriental Line on 23 January 2020 and delivered 200 mt of RMG 380 bunker fuel worth USD 130,148.86 to the chemical tanker Sea Longitude at Singapore port on 31 January 2020, according to documents obtained by Singapore bunkering publication Manifold Times.
Cockett Marine Oil (Asia) is still owed a balance principal sum of USD 80,148.86 from the earlier bunker delivery and Sea Oriental Line has since been allegedly unable to pay back the debt.
No appearance by Sim Mingqing, the Director of Sea Oriental Line, during hearings at the State Courts of the Republic of Singapore subsequently resulted in an automatic judgement win in favour of Cockett Marine Oil (Asia) on 16 November 2021.
The courts later issued an examination of judgement debtor order against Mr Sim on 10 December 2021 to find out what assets he has available to pay off the debt.
The judgement debtor order is expected to be carried out in 2022.
Photo credit: Manifold Times
Published: 18 February, 2022
‘MFMs will continue to have a place within the bunkering sector even when the shipping industry continues to adopt new types of marine fuels, such as LNG, biofuel, methanol, ammonia and hydrogen,’ states spokesman.
Current ISO 8217 bunker fuel standard not comprehensive enough for biofuels; National Mirror Committee working with local players to develop more comprehensive biofuels standard for Singapore, says Capt. Rahul.
‘There are some important differences between VLSFO and biofuels, and as a result, parties should consider whether additional changes should be made to biofuel bunker contracts,’ says Paul Collier.
Quek Rong Hong first joined Shell sometime in 2005 and had held the position of Blending Specialist from November 2017. At the time of arrest, his monthly basic salary was about SGD 4,300, showed documents.
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Captain Segar, MPA Assistant Chief Executive, Operations, to be also joining IBIA for the game where proceeds will be channelled into an IBIA Bursary Fund for supporting students to obtain a maritime studies degree.