- The vessel Atlanta was arrested at 3.50pm on January 2nd, 2019 in Singapore.
- It was owned by Coastal Logistics affiliated with Coastal Oil Pte Ltd(Singapore).
- Coastal Oil filed for liquidation in December 2018.
The Atlanta, owned by Coastal Logistics Pte Ltd has been arrested, according to information from the Sheriff’s Department at Supreme Court of Singapore, reports Manifold Times.
When did the arrest take place?
The 24,205.3 dwt medium range (MR) tanker was taken into custody in Singapore on the 2nd of January 2019. The arrest was made 3.50pm (Singapore time) at Western Petroleum Anchorage in Singapore port through solicitor Rajah & Tann Singapore LLP.
Who owns the vessel?
Manifold Times first reported the Atalanta and other vessels, including bunker tankers, entering the sale & purchase (S&P) market; these vessels are either owned by Coastal Logistics or Heng Tong Fuels & Shipping.
How are the companies related?
Both companies are affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd, Simon Millar, Managing Analyst, Platts Ocean Intelligence told Manifold Times.
Filing for liquidation
Coastal Oil (Singapore) on 13 December 2018 filed for liquidation as part of a creditors’ voluntary winding up operation. It last held a creditor’s meeting on December 28, 2018.
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Source: Manifold Times