A second suspect has been found allegedly selling fuel to North Korean vessels after a raid at his house and office on Tuesday, reports the Taipei Times.
Taiwanese prosecutors spent Thursday questioning Taiwanese shipping merchant Chuang Chin-hung, who owns an unnamed Kaohsiung-based shipping firm and trading company registered in the Marshall Islands.
Chuang is suspected of loading 7,000 metric tonnes of diesel onto the Jin Hye oil tanker in December last year; the 1986-built vessel is a Sierra Leonean-registered oil tanker.
Investigations instead found the vessel making several trips between from Taichung port to an undisclosed location in the East China Sea during the months of November and December last year.
Prosecutors also believe Chuang forged export declarations by declaring the diesel delivery as being headed for Hong Kong, instead of the East China Sea.
In his defence, Chuang claimed the oil tanker was chartered to a Hong Kong businessman in 2017 and was unaware of the vessel’s activities during the charter period; he was release on a NT $2 million ($68,500) bail.
Taiwan officials are meanwhile investigating Chen Shih-hsien, who is suspected of chartering an oil tanker through the Billions Bunker Group, for delivering bunker fuel to a North Korean vessel in October last year.
Published: 2 Feb, 2018
‘Generally, you have to heat VLSFOs to prevent waxing, but the more you heat them the lower the shelf life is going to be,’ Dr Malcolm Cooper, the Group Managing Director of VPS, tells Manifold Times.
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.
The company has entered a memorandum of agreement with Millenium Satu Ltd to acquire the 7,550 dwt oil tanker to increase service flexibility; vessel will be paid over an installment period of 36 months.
Deloitte & Touche JMs believe IPP has a viable claim against Dr Goh Jin Hian for breaches of his director’s duties to act with skill, care and diligence which he owned to IPP, states court document.
An earlier MPA notice outlined precautionary measures for personnel to observe when conducting marine refuelling operations at port in order to minimise the risk of contracting Covid-19.