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PDZ claims to be unfazed by vessel arrest

PDZ claims to be unfazed by vessel arrest

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Malaysia’s PDZ Holdings has tried to play down the financial impact from the arrest of its vessel PDZ Mewah over unpaid bunker bills. PDZ said it was looking to challenge the arrest of the 1,000 teu ship which was nabbed by Dan-Bunkering (Singapore).

“The expected losses will be in the range of RM90,000 to RM100,000 per month, as a result of the additional costs arising from purchasing slots from third party vessels,” PDZ said.

Diverse Malaysian conglomerate PDZ is involved in feeder shipping via subsidiary PDZ Lines as well as offshore and LPG.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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