Court rejects bid by Ocean Tankers JMs to strike out PetroChina's writs against four ships
But bid has opened Ocean Tankers to any judgment against it if PetroChina is awarded compensation
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE judicial managers of Ocean Tankers have failed to set aside or strike out the writs filed by PetroChina International (Singapore) over cargo claims against four vessels chartered by the beleaguered oil shipper.
However, in making such an application, the judicial managers have instead opened Ocean Tankers to any judgment against it if PetroChina is awarded compensation.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
