Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Wed 2 May 2018, 12:52 GMT

Triton-linked firms ordered to pay $350k bond to avoid vessel arrest


Bond would be held in connection with World Fuel Services' lawsuit for alleged non-payment of marine fuel.

Illustration of a gavel and sound block.
Image credit: Pixabay
The US Court for the District of Oregon has served legal representatives of Husky Trading S.A. and Travelers Casualty and Surety Company of America with an order to pay a $350,000 bond in lieu of arrest in connection with a lawsuit filed by World Fuel Services against the bulk carrier M/V Triton for the alleged non-payment of bunker fuel.

The plaintiff is claiming $279,679.12 plus accrued interest and additional fees for payment of a marine fuel delivery said to have been performed in Singapore just over a year ago by the now-defunct supplier Universal Energy Pte. Ltd., with WFS acting as subcontractor, or back-to-back trader.

In court documents seen by Bunker Index, the Oregon court explains that, in order to avoid the arrest of the vessel, Husky Trading, as principal, and Travelers Casualty and Surety Company of America, as surety, are required to deposit the $350,000 bond - pursuant to Rule E (5) of the Supplemental Rules for Admiralty or Maritime Claims - with the court.

Also, the aforementioned parties will be required to abide by all orders of the court and remit to the plaintiff the amount of any final judgment, inclusive of any interest, costs or fees.

The court also notes that the aggregate liability of the principal and surety will "in no event" exceed $350,000.

Bulk carrier   United States 
Suezmax crude oil tanker render. Guangzhou Shipyard secures Suezmax order, delivers vessels ahead of schedule  

China State Shipbuilding subsidiary reports nine vessel deliveries in the first quarter of 2026.
Clean ammonia project pipeline chart as of March 2026. Renewable ammonia pipeline grows despite Norway project freeze  

GENA Solutions tracks 325 projects totalling 146 MMT of capacity by 2034 despite execution challenges.
Antwerpen and Arlon naming ceremony. Exmar names world’s first ocean-going ammonia dual-fuel gas carriers in South Korea  

Two 46,000-cbm vessels can reduce CO₂ emissions by up to 90% during navigation.
Fujian province map with highlighted locations. Gulf Marine expands bonded lubricant supply network in China’s Fujian province  

Company adds supply points in Putian, Ningde and Fuqing, covering 20 terminals across the region.
Excelerate Acadia naming ceremony. Bureau Veritas classifies Excelerate Energy’s new 170,000-cbm FSRU Excelerate Acadia  

Vessel built by HD Hyundai Heavy Industries features dual-fuel engines and proprietary regasification system.
Osprey Energy logo. Osprey Energy seeks junior bunker trader to support Cebu trading activities from Netherlands  

Dutch marine fuel supplier targets Cebu region expansion through new training programme for Filipino candidates.
EUA prices dropping graphic. KPI OceanConnect highlights falling EUA prices as opportunity for shipowners to lock in compliance costs  

Marine fuel firm says timing carbon allowance purchases can reduce costs as EU emissions scope expands.
RINA employee in control room. RINA partners with Hanwha Group on battery-hybrid propulsion for ro-ro ferries  

Classification society to provide regulatory compliance verification for hybrid battery systems on newbuilds and retrofits.
Amadeus Titanium vessel. HGK Shipping’s Amadeus Titanium fitted with wind assistance system  

Coastal vessel equipped with VentoFoils at Dutch port to reduce fuel consumption on Covestro routes.
Sebastian Weder, Bunker One. Bunker One expands physical supply operations to Tallinn and Finland  

Marine fuel supplier extends Baltic Sea coverage with new operational presence in Estonia and Finland.

↑  Back to Top


 Recommended