Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Wed 25 Jan 2017, 13:43 GMT

Dan-Bunkering arrests ship over supply of marine fuel: PDZ


Malaysia's PDZ served with writ and warrant of arrest.

Malaysia's PDZ Holdings Bhd - the owner of Perkapalan Dai Zhun Sdn Bhd, which operates as PDZ Lines - confirmed on Wednesday that its container vessel, the PDZ Mewah, has been arrested by Dan-Bunkering (Singapore) Pte Ltd over the supply of marine fuel.

PDZ said it was served with a writ and a warrant of arrest on the PDZ Mewah on 24th January.

"The board is currently seeking legal advice and intends to take steps to defend the arrest of [the] vessel and any claims that may subsequently be filed," Bursa Malaysia-listed PDZ stated.

PDZ said the arrest is not expected to have material impact on the group's financial position and its subsidiaries for the current financial year ending 31st December 2017.

Built in 1993, the Malaysia-flagged PDZ Mewah has a deadweight tonnage (dwt) of 12,577 tons and a gross tonnage (grt) of 9,602 tons.

At the time of writing, shares in PDZ were trading at MYR 0.07, down 1 Malaysian sen on the previous day's closing price. The company has a market capitalization of MYR 60.852 million (USD 13.73 million) and a 52-week trading range of MYR 0.06 - MYR 0.14.

Container ship   Dan-Bunkering   Malaysia  Singapore 
Wärtsilä logo. Shipping firms struggle to prioritise decarbonisation investments amid regulatory uncertainty, Wärtsilä survey finds  

Survey of 225 maritime executives reveals 70% say uncertainty hinders investment decisions despite regulatory pressure.
IMT Isca G-Flex vessel render. Longitude Engineering unveils IMT Isca G-Flex PSV design with alternative fuel capability  

Naval architecture firm launches adaptable platform support vessel design based on the IMT-984 G-Class hull.
Philippos Ioulianou, EmissionLink. Shore power infrastructure is key to cutting ferry emissions in European cities, says EmissionLink  

Port electrification is needed to enable vessels to switch off engines at berth, reducing urban pollution.
Maritime and Port Authority of Singapore logo. Singapore prioritises maritime resilience amid geopolitical uncertainty, eyes digitalisation and green fuels  

MPA chief outlines the sector’s adaptation to supply chain disruptions while advancing automation and alternative fuels.
Aerial photograph of Zhoushan Island. China exports first domestically blended biofuel for marine use from Zhoushan  

A vessel carries 2,600 tonnes of biofuel blend to Qingdao Port for international ship refuelling.
Green ammonia energy workshop graphic. H2SITE to present ammonia-cracking technology at Green Ammonia Energy Workshop  

Spanish company to showcase APOLO project's role in producing hydrogen for maritime decarbonisation.
Brave Quest vessel. Tsuneishi-Cebu delivers methanol dual-fuel Kamsarmax bulker  

Philippine shipyard hands over 81,100-tonne deadweight vessel capable of running on methanol fuel.
EIB and Port of Rotterdam signing. Port of Rotterdam secures EUR90m EIB loan for shore power installations  

Financing will support shore power infrastructure at three container terminals, with an EU grant also approved.
IBIA logo. IBIA updates biofuels training module for 2026  

Updated online course covers latest regulatory developments and market trends in liquid and gaseous biofuels.
Brim Explorer’s fully electric passenger vessel concept render Bureau Veritas to class all-electric trimarans for Brim Explorer  

Two zero-emission passenger vessels will operate in Norwegian fjords after extensive Arctic testing.

↑  Back to Top


 Recommended