A hearing between Thoresen Shipping Singapore Pte Ltd, the dry bulk shipping arm of Thoresen Thai Agencies, and Minerva Bunkering Pte Ltd was conducted at the High Court of the Republic of Singapore on Thursday (23 January), according to documents obtained by Manifold Times.
The shipping company was seeking a claim from the bunkering firm over damages due to alleged off-spec marine fuel and breach(es) of contract, according to documents obtained by Manifold Times.
Thoresen Shipping Singapore entered into a bunker supply agreement with Minerva Bunkering on 7 November 2019.
Following the agreement, 492.123 metric tonne (mt) of 0.5% sulphur limit very low sulphur fuel oil (VLSFO) product was supplied to the Thor Achiever (IMO No. 9424857) at Singapore port on or about 17 to 18 November 2019.
Thoresen Shipping Singapore alleged the vessel encountered operation issues due to the supplied product not being in accordance with the ISO 8217:2010 bunker specification.
As such, the company was claiming for any breakdowns, damages, or malfunction of the vessel, including debunkering operations, and other items.
The monetary value of the bunkers was not stated in the document.
Photo credit: MarineTraffic / Giorgos Tsampazis
Published: 30 January, 2020
The bunker player at Hong Kong and Chinese ports shares with Manifold Times what local shipping sectors went through during the early days of COVID-19 and how business is resuming.
April bunker sales results released on Wednesday caught several players, who expected volume to fall due to lower international trade and COVID-19, by surprise.
‘OTPL has a strong group of employees who have the requisite expertise and experience in ship chartering and management, which has commercial value and should be kept intact.’
Company believes market and business partners ‘likely to have greater confidence and comfort in continuing business dealings’ if placed under judicial management, says Director.
Panellists covered several marine fuel related topics including bunker fuel quality testing, COVID-2019, and long term storage of VLSFOs experienced during the first 100-day period.
Latest development alleges Chua Chin Lan facing total debt of approximately USD 5 million due to personal guarantees undertaken with Innovek and Global Energy Trading.