RE DA SHUN SHIPPING (PTE) LTD

[2026] SGHC 75, General Division of the High Court, Singapore, S Mohan J, 8 April 2026

Admiralty - Subrogation - Unjust enrichment – Requirement to identify unjust factor - Contribution from co-debtor - Insolvency, Restructuring and Dissolution Act 2018, section 100

Da Shun was the owner of the vessel Sea Latitude. BofA had under a Facility Agreement extended a loan to the owners of Sea Latitude and An Wei's vessel Sea Horizon in return for mortgages over the two vessels.