World News
Chemoil, Dan-Bunkering Dispute Settled Out of Court
A dispute dating back to 2008 between A/S Dan-Bunkering Ltd (Dan-Bunkering) and bunker supplier Chemoil Corporation that had threatened to go to trial in San Francisco this week, has been settled out of court.
"Late yesterday evening the parties entered a settlement and the case will therefore not go to trial," Dan-Bunkering CEO Henrik Zederkof told Ship & Bunker.
"Part of the settlement is that the details are confidential, so we are not able to elaborate further on the details."
In an emailed press release issued Monday, Dan-Bunkering said that the dispute related "to a number of supplies of heavy fuel made by Chemoil in Panama in the spring of 2008 which allegedly caused problems for the supplied vessels."
Chemoil has so far not responded to a request comment on the matter.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 2.50 | 620.00 | 3.00 |
| Rotterdam | 456.00 | 1.50 | 621.50 | 2.00 |
| Houston | 476.00 | 7.00 | 624.00 | 1.00 |
| Fujairah | 496.50 | 2.00 | 713.00 | 2.50 |
| Global 20 Ports Average | 526.50 | 0.50 | 712.00 | 0.50 |
| Global 4 Ports Average | 483.00 | 2.00 | 644.50 | 0.50 |
| Global Average Bunker Price | 570.50 | 1.50 | 751.00 | 1.00 |
Popular Now More
-
Apr 23Initial Ship & Bunker analysis shows ships would need to use between 17.6% and 23.3% biofuel in B100 terms to avoid penalty charges in 2028. -
Apr 24Suppliers in South Korea are already shifting to the use of MFMs, and barge fees are likely to rise in the country as a result, a local source tells Ship & Bunker. -
Apr 24FincoEnergies has partially acquired the business operations of bunker supplier Oliehandel Klaas de Boer.