World News
Chemoil Seeks $1.7M from Gulf Marine Over Another Unpaid Bunker Bill
Bunker supplier Chemoil is asking a U.S. court to freeze assets of Greece's Gulf Marine Management (Gulf Marine), saying the company owes it $1.7 million, industry news site TradeWinds reports.
Chemoil said it supplied $1.31 million in bunkers to the Artemis Glory in January and that other costs have been added since then.
The company asked a federal court to seize unidentified Gulf Marine assets held by ABN Amro bank and Marathon Oil Corp.
Gulf Marine is said to have transferred management of the Artemis Glory and six other tankers to Dr Peters' DS Tankers in April.
OW Bunker also took legal action against Gulf Marine, having its Leo Glory arrested in India in April over $2.28 million in debt for bunkers supplied to the ship, but the two parties reached a settlement last month, allowing the ship to be released.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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Apr 24Non-compete clauses have not always been used in a fair and reasonable way in the bunker industry, Maritime Recruitment Company Ltd's Vernon Jayanathan tells Ship & Bunker. -
Apr 25The new hire was previously a marine fuel trader for Vilma Oil in Madrid from June 2017 to last month. -
Apr 24The arrests were both on Monday.