World News
SinoRiches Facing $1.71 Million in Claims from Bunker Supplier and Shipowner
China-based Sinoriches Enterprises Co., Ltd. (SinoRiches) is facing a total $1.71 million in claims in U.S. courts from bunker supplier Toyota Tsusho Petroleum Pte Ltd. (Toyota Tsusho) and shipowner Efnav Company Ltd. (Efnav), TradeWinds reports.
Toyota Tsusho has filed a asset-seizure lawsuit related for $506,000 in unpaid costs, believed to be owed by a sub-charterer of the Sinoriches-operated vessel, Kiran Istanbul.
Specifically, the claim, filed in a New York court, alleges that Sinoriches failed to pay for the supply of 1,040 tonnes of bunkers delivered to the vessel in January.
The vessel, which is reported to be owned by Turkey's Pasifik Gemi Isletmeciligi ve Ticaret A.S. (Pasifik Gemi Isletmeciligi), was on charter to SinoRiches at the bunkers were supplied.
Sources have told TradeWinds that possible further plaintiffs are currently evaluating claims against SinoRiches.
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 |
Popular Now More
-
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 24The arrests were both on Monday. -
Apr 23The ship had come to Singapore from St Petersburg.