VLCCs Wu Yi San (IMO 9629366) and Chloe V (IMO 9457452) were sold at separate auctions held by the High Court of the Republic of Singapore on 26 and 25 January respectively, according to recent posts on the Government Gazette.
Wu Yi San was sold for USD 37.75 million as a result of admiralty action taken by Credit Agricole Asia Shipfinance Limited on 18 November 2021.
Chloe V fetched USD 42.1 million from admiralty action initiated by Credit Suisse AG on 25 November 2021.
“All questions affecting priorities or the validity of the claim of any party to the proceeds of sale of the Vessel except as herein provided and affecting the amount of any such claim shall not be determined until after the expiration of 90 days beginning with the day on which the proceeds of sale are paid into Court,” stated the Assistant Sheriff at the Supreme Court of Singapore.
“Any person having a claim against the ship or the proceeds of the sale thereof on which they intend to proceed to judgment should accordingly do so before the expiration of that period.”
Photo credit: MarineTraffic / Michael A. C. Hart
Published: 31 January, 2022
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.