Singapore: Coastal Logistics owned MR tanker “Atalanta” arrested

The Atalanta, a 24,205.3 dwt medium range (MR) tanker owned by Coastal Logistics Pte Ltd has been arrested in Singapore on Wednesday (2 January), according to information from the Sheriff's Department at Supreme Court of Singapore.

The arrested was made 3.50pm (Singapore time) at Western Petroleum Anchorage in Singapore port through solicitor Rajah & Tann Singapore LLP.

Manifold Times on Wednesday (2 January) 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. 

Both companies are affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd, Simon Millar, Managing Analyst, Platts Ocean Intelligence told Manifold Times.

Coastal Oil (Singapore) on 13 December filed for liquidation as part of a creditors’ voluntary winding up operation.

It last held a creditor’s meeting on December 28, 2018.

Related: Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market
Related: Coastal Oil Singapore to hold creditors meeting on 28 Dec
Related: Breaking news: Coastal Oil Singapore under liquidation

Published: 4 January, 2019