Four marine refuelling barges seized in Singapore over unpaid debt to Maybank
SINGAPORE: Four marine refuelling barges owned and operated by Vermont UM Shipping Pte Ltd were seized in Singapore on Monday night, according to the website of Singapores Supreme Court.
Singaporean law firm Rajah & Tann seized the vessels over unpaid claims on behalf of its client, Malayan Banking Bhd (Maybank), said a source with direct knowledge of the matter who declined to be identified as the person is not authorised to speak to the media.
The source declined to specify the amount of the claims against Vermont UM Shipping.
The vessels - the Angel Sun, Angel Moon, Angel Star and Ansheng - were seized on Monday night, according to the Supreme Court website.
The barges for marine refuelling, also known as bunkering, range between 4,999 and 6,964 deadweight tonnes, according to shipping data in Thomson Reuters Eikon. The vessels are qualified to deliver marine fuel oil and are equipped with mass flow meters, according to the Maritime and Port Authority of Singapore (MPA).
Vermont UM Shipping did not respond when contacted for a comment on the seizure.© Provided by The Star Online
Vermont UM Bunkering Pte Ltd, a now defunct Singapore-based marine fuels supplier, is a shareholder of Vermont UM Shipping, according to documents from Singapores Accounting and Corporate
In April 2016, the MPA stripped Vermont UM Bunkering of its operating li....