Parent group MMC Corp said in a stock market announcement that PTP had filed an in rem and in personam writ against Rising Star Shipping, the beneficial owner of the ship, and its P&I club, The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) Singapore branch.
MMC said at about 7am on 24 August 2016, Trident Star was berthing at ATT Tanjung Bin Terminal and, in the course of loading a cargo of 2,500 metric tonnes of marine fuel oil, when there was an overflow from one of its tanks onto the upper deck of the vessel which subsequently spilled into the sea.
“The oil spill thereafter spread out into the adjacent waters and towards PTP’s premises causing oil pollution damage. As a result, PTP suffered various and substantial losses,” it said.
Besides MYR31.9m being PTP’s losses from the incident, PTP is seeking interest at a rate of 5% per year from the date of the start of the suit until the full and final payment as well as costs and other reliefs.
Rising Star had earlier on 17 February, obtained a declaration from the Kuala Lumpur High Court limiting its liability to a maximum of 4.51m Special Drawing Rights (equivalent to about MYR25m).
“The filing of in rem and in personam writ herein is to therefore secure the interest and right of PTP towards the fund. Any amount in excess of the fund will be claimed against the International Oil Pollution Compensation Fund in London,” MMC said.
The proceedings are not expected to have any material impact on the group’s earnings, net assets or gearing for the financial year ending 31 December 2017.
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