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.

Varsha Sudheer, Island Oil. Island Oil appoints Varsha Sudheer as senior trader in Dubai  

Marine fuel supplier strengthens trading platform with new hire at recently established UAE hub.
Bitoil Group logo. Bitoil Group seeks bunker trader for Dubai operations  

Dubai-based company is recruiting for a senior bunker trader role to manage global fuel sales and procurement.
Hiring concept with puzzle pieces and a magnifying glass. Uni-Fuels seeks bunker traders for new London operation  

Singapore-headquartered firm advertises position as part of UK expansion.
Hiring concept with puzzle pieces. Uni-Fuels seeks bunker traders for new Piraeus office  

Nasdaq-listed marine fuel provider advertises positions as part of expansion into Greek market.
Sleipner RoRo vessel render. Wing sails could cut fuel use by 9% on expedition cruise vessels, study finds  

Wallenius Marine and Salén Ship Management examine wind propulsion potential beyond cargo shipping.
C-Flexer RoRo vessel render. Stena RoRo orders C-Flexer RoRo vessels with battery-hybrid propulsion for 2029 delivery  

Swedish shipowner places order with China Merchants Industry for next-generation vessels designed by NAOS.
IMO Technical Seminar on Marine Biofuels graphic. IMO to host technical seminar on marine biofuels in February  

Event at London headquarters will examine recent experiences and future prospects for biofuels in shipping.
Maritime Cleantech Enabling Ammonia Bunkering seminar graphic. H2SITE to present ammonia cracking technology at Bergen maritime seminar  

Spanish firm to showcase dual-environment hydrogen production system for vessels and ports at Maritime CleanTech event.
The Arctic and black carbon graphic. Clean Arctic Alliance urges Canada, Iceland and Norway to back polar fuels proposal at IMO  

Environmental coalition calls on three Arctic nations to support Denmark-led measure on black carbon emissions.
Valenciaport and Port of Santos MoU signing. Valencia and Santos ports establish green corridor to decarbonise transatlantic trade  

Ports sign agreement to promote low-emission fuels and shore power on Europe–South America route.

↑  Back to Top


 Recommended