Bankrupted ship-operator Medmar affiliated bulk carriers have been arrested in India for unpaid fuel bills. Defunct Medmar still owes millions of dollars to third parties.
On 13 January 2020, Singapore based fuel supplier Sing Fuels arrested 2015 built ultramax bulk carrier MV New London Eagle for an unpaid outstanding balance of $466,635 at Dahej Port, India. MV New London Eagle is owned by New York listed Eagle Bulk Shipping. Lien MV New London Eagle’s fuels dates back to July 2019 while the ship was on time charter to bankrupted ship-operator Medmar. In September 2019, New York listed shipowner Eagle Bulk Shipping filed a claim in Louisiana, USA for $131,400 in unpaid hire and interest which is owed by Athens based Medmar for its charter of the MV New London Eagle. Currently, New York listed shipowner Eagle Bulk Shipping has been negotiating an out-of-court settlement that will likely lead to MV New London Eagle being released in the forthcoming days.
On 6 January 2020, USA based fuel supplier Cockett Marine Oil arrested 2013 built supramax bulk carrier 57K DWT MV St Pinot for an unpaid outstanding balance of $363,400 at Deendayal Port, Kandla. MV St Pinot was on time charter to bankrupted ship-operator Medmar. MV St Pinot is owned by Monaco based Shamrock Maritime and trades in the CTM Supramax pool.
Singapore based fuel supplier Sing Fuels is in pursuit of five (5) unpaid fuel bills which are claimed to be owed by collapsed ship-operator Medmar. Sing Fuels has discounted its claim from $537,000 down to $397,000 in total.
According to plaintiffs’ claim, collapsed ship-operator Medmar owes $397,000 fuel bills to Sing Fuels, $2.4 million fuel bills to Cockett Marine Oil, $1.3 million fuel bills to Dan-Bunkering and $40,000 towage bills to Moran Towing.