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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Marine fuel supplier Nakhodka-Portbunker forced into liquidation: source

29 Aug 2017 09:41 GMT

Gazprombank and Rosbank are said to have pushed for liquidation after the Russian bunker firm racked up huge debts.



Russian physical bunker supplier, Nakhodka-Portbunker Co. Ltd, is being liquidated after racking up huge debts, IHS Fairplay reports.

The company is said to have been declared bankrupt in June and forced into liquidation on the instruction of Gazprombank and Rosbank. According to the shipping daily, it came around 10 months after Gazprombank initially applied for Nakhodka-Portbunker to be declared bankrupt in August 2016.

Launched in 2003, Nakhodka-Portbunker has been operating as a specialist physical supplier in Russian Far East ports, including Nakhodka, Vostochny, Kozmino, Vladivostok, Posiet and Slavyanka, amongst others. The company has also been providing ship agency and anchorage services to clients calling at these ports.

Prior to its reported demise, Nakhodka-Portbunker was operating a fleet of 11 supply vessels (Crystal East, Crystal West, Crystal Zuid, Crystal Nord - formerly Crystal Pearl, Tsezar, Carolina Wind, Asian Fair, East, Novitskiy, Zapravshchik-02, Reyd-3), with the company claiming to be "one of the largest bunkering companies in the Far East of Russia".

According to IHS Fairplay, the Crystal Zuid was sold to Taiwan's Great Ocean International AGL for $3.35 million in December and later renamed Baode 1.

Representatives of Nakhodka-Portbunker were unavailable for comment on Tuesday, whilst calls that Bunker Index made to the number listed on the company's website as being the mobile of experienced sales manager and trader Aleksei Tcoi, who in his LinkedIn profile has been with the company for 14 years, were met with a 'temporarily blocked' message.

Bunker Index did manage to speak with Aleksandr Selivanov, however, who is listed on Nakhodka-Portbunker's website as being a member of the company's agency department, but who stressed that Nakhodka-Portbunker and the agency were separate entities.

Referring to Nakhodka-Portbunker, Selivanov remarked that he was "trying to find out the situation".




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