World News
GIB Takes Action Over Unpaid Newlead Bunker Bill
Tuesday December 27, 2016
Glander International Bunkering (GIB) has taken legal action against Panamax bulk carrier Newlead Victoria as it seeks to recover $62,000 in unpaid bunker bills, according to a report by Tradewinds.
Data from VesselsValue.com indicates the 76,000 dwt 2002-built vessel is currently at anchor in Singapore and valued at $5.41 million.
She is owned by Greece-based Newlead Holdings, and said to be carrying coal valued at $7 million.
GIB joins a number of other parties seeking payment from the vessel, including German bank Portigon who is seeking $26.2 million in unpaid loans against the vessel.
The crew are also reported to be planning to take legal action over some $330,000 in unpaid wages.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
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