Unpaid PDZ bunker bill worth over $850,000

Details of alleged monies owed emerge in regulatory filing to Malaysia Stock Exchange.

PDZ Holdings allegedly owes over $850,000 in unpaid bunker bills, according to a regulatory filing in Malaysia.

The unpaid bills led to the arrest of the 700-teu feeder containership PDZ Mewah (built 1993) in Pasir Gudang in late January.

Dan-Bunkering (Singapore) Pte is the largest claimant with an outstanding bill of $484,119 plus a further $108,689 in unpaid interest.

The other claimants who have served a writ on the intra-Asian operator also include CCK Petroleum Sdn Bhd, CCK Capital Ltd and CCK Petroleum (Labuan) Ltd.

PDZ Holdings said its solicitors, Mohd Latip & Associates, have stated that they are of the view that the company has a “strong arguable case to challenge the arrest and setting aside of the claims”.

It reiterated that the financial impact of the vessel’s arrest was “minimal” and that it had made the necessary arrangements to secure slots from third party vessels as an interim measure.

Latest AIS data says the ship is currently anchored in Malaysia’s Pasir Gudang Anchorage in position 01° 32.09'N, 104° 10.50'E.

Online valuations platform VesselsValue says the Stocznia Szczecin Nowa-built containership is estimated to be worth in the region of $1.7m.

PDZ Holdings is said to have acquired the ship, previously called the ID Asia, in 2012 from Denmark’s ID Shipping for a reported $3.85m.