Americas News
OW Bunker-Related Vessel Arrest Order Issued Over Fuel Sold by Singapore Entity After Bankruptcy
An OW-Bunker-related ship arrest order has been issued in the U.S. for a Chinese-owned containership, though the case differs from similar action taken since the bunker supplier's collapse in that the bunkers in question were sold after the fuel supplier filed for bankruptcy, reports Tradewinds.
The order was given by a judge in Washington on behalf of Cyprus-headquartered Bunker Holdings Ltd. for the 5,550 TEU YM Success owned by Yang Ming Marine Transport.
According to a filing made by law firms Chalos & Co and Nicoll Black & Feig, the fuel was purchased through Singapore-based OW Bunker Far East, which was then delivered to YM Success at Nadhodka, Russia.
Bunker Holdings is allegedly owed $1.89 million for a deal conducted on December 8, 2014, a month after OW Bunker's bankruptcy in Denmark and over a week after OW Bunker Far East declared bankruptcy and filed for court protection at the end of November.
Other fuel suppliers have also been busy in seeking out arrest orders, with U.S.-based NuStar Energy Services Inc. having issued a host of orders for German, Greek, and Norwegian ships in the last few months.
