The Singapore Supreme Court on Friday (19 June) sold the U.S. sanctioned Russian vessel Sevastopol to cover parking debts incurred by the vessel since 2019.
The proceeds of the sale amount to SGD 750,000 (USD 537,488) and the sum has been paid in Court on Friday (12 June).
Sevastopol was penalised in 2018 by the U.S. for reportedly violating economic sanctions imposed on North Korea and the vessel was also briefly held in South Korea in the same year.
The vessel was purportedly arrested in Singapore in December 2019 over parking debts incurred; and not for violating any trade sanctions.
Any person having a claim against Sevastopol or the proceeds of the sale, on which they intend to contest should accordingly do so within 90 days of the payment, said the Court.
Photo credit: Marine Traffic / V. Tonic
Published: 22 June, 2020
Fifteen selected talents nominated by Bunker Holding Management to start two-year journey.
Simulations will run from 1 June to 12 June and new contracts will be available to international companies; official launch dates or delivery details remain undisclosed.
4.19 million mt of various bunker fuels were sold at the world’s largest bunkering port in March, less than 4.32 million mt recorded during March 2020.
‘Propeller Fuels Greece’ is the first overseas expansion since the company’s formation in October 2017 and is consistent with its business plan to create a global platform.
1.5 billion dollar port is equipped with eight tanks, totalling a holding capacity of 51,000 cubic metres of bunkering services; Liberian oil tanker Melody the first to berth at port for bunkering.
Partnership with IMS Oil expands ENOC’s marine lubricants supply network to over 110 ports in 23 countries.
On 5th June 2021, VPS carried out a Remaining On Board (R.O.B.) survey on board a Singapore-registered bunker tanker at short notice by the Charterer and quickly identified the theft of 98 metric tons of bunker fuel.
The Bunkerchain Pte Ltd and Helmsman LLC sponsored event will be moderated by Gabian Chew, Senior Editor of Singapore bunkering publication Manifold Times.
No quarantine required if vessels have not called at Brazil, India, Nepal, Pakistan, the Philippines and South Africa during the 21 days prior to arrival at Hong Kong port, according to Marine Department notice.
CCIC discuss the progression of MFM technology for bunkering at Singapore port with Manifold Times; and possible development of a primary facility for MFM calibration.
‘The acquisition of PGI Industries will enhance VPS’ preventative maintenance services offered to the power sector, increasing protection and sustainability of the asset,’ says Malcolm Cooper, CEO, VPS.
A foreign vessel was involved in an alleged unauthorised STS incident with bunker tanker Pearl Melody on 5 June, Director and General Manager of Consort Bunkers tells Manifold Times.
14 Jun 2021
