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Septo Trading Inc initiates arrest order for bunker tanker “C Rock” at Piraeus court

BNP Paribas, Unicredit, Vilma Oil, Sahara Energy Resource Limited, AOT Trading AG, and World Fuel Services among other litigants and banks involved in claim.
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Published

6 years ago

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British Virgin Islands (BVI) incorporated petroleum products trading firm Septo Trading Incorporation (Septo) on Friday (3 January) submitted an arrest order for the 5,850 dwt bunker tanker C Rock at the First Instance Court of Piraeus.

The arrest order for the vessel was initiated by Septo due to an alleged debt of approximately USD 16.5 million (exact: USD 16,517,896.16) owned by Greek bunkering firm Macoil International SA (Macoil), according to Greek court documents seen by Singapore bunker publication Manifold Times.

The USD 16.5 million debt was derived from two separate Septo bunker cargo deliveries at the SKS Tanaro floating storage unit in Gibraltar in July and August 2018.

A number of other litigants and banks, including BNP Paribas, Unicredit, Vilma Oil, Sahara Energy Resource Limited, AOT Trading AG, and World Fuel Services, are also involved in the claim, showed the document.

The papers noted the Maltese-flagged C Rock to be owned by Marshall Islands registered Versus Trading which was alleged to be under the ownership/control of Chandris family and being “under the management of Macoil”; the parent firm purportedly lost more than USD 200 million before shutting down.

“Macoil International SA, whose trading license was withdrawn on 25.11.2019, was forced to cease operations due to the catastrophic interference of the family-owned property and the deliberate confusion between its corporate and personal property,” claimed the document.

“The owner family, illegally consumed so the entire share capital and all the financial services of banks and of commercial credit suppliers, making the company's inability to meet its obligations and forcing a shutdown.”

World Fuel Services Europe in mid-October submitted a complaint against Macoil at a U.S District Court claiming a total USD 11.75 million.

Manifold Times in late September reported Vitol SA seeking USD 20.6 million from Macoil over failed payment. The earlier court document also showed Macoil purportedly owing credit totalling USD 99.5 million to several parties.

Related: WFS Europe in $12 million claim against Macoil International over unpaid deliveries
Related: Vitol files bankruptcy suit against Macoil over failed payment

Photo credit: MarineTraffic / Tony Hogwood
Published: 9 January, 2020
 

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Winding up

Singapore: Final meeting scheduled for Tiger LNG Shipping Pte Ltd

Meeting will be held on 29 June at 190 Middle Road #17-05 Fortune Centre Singapore 188979 to hear any explanation that may be given by the liquidator, according to Government Gazette notice.
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Published

2 days ago

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June 2, 2026

By

RESIZED Jo_Johnston from Pixabay

The final meeting for Tiger LNG Shipping Pte Ltd has been scheduled to take place on 29 June, according to the company’s liquidators on a notice posted on Friday (29 May) on the Government Gazette.

The meetings will be held at 10.30am at 190 Middle Road #17-05 Fortune Centre Singapore 188979. 

The meeting is being held for the purpose of having an account laid before the meeting showing the manner in which the winding up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the liquidator.

The following are the details of the liquidator:

LUM CHI LUP BENNY
c/o 190 Middle Road
#17-05 Fortune Centre
Singapore 188979

 

Photo credit: Jo_Johnston from Pixabay
Published: 2 June, 2026

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Winding up

Singapore: Annual general meetings scheduled for Xin Guang Shipping and An Xing Shipping

Annual general meeting of the company and creditors for An Xing Shipping and Xin Guang Shipping will be held by electronic means on 11 June and 12 June respectively.

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Published

1 week ago

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May 28, 2026

By

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Several notices were published on the Government Gazette on Tuesday (26 May) regarding the annual general meetings of the companies and creditors to be held electronically from 5 to 6 May for Xin Guang Shipping Pte Ltd and An Xing Shipping Pte Ltd. 

Annual general meeting for Xin Guang Shipping are to be held on 12 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

Annual general meeting for An Xing Shipping are to be held on 11 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

The agenda for all the meetings are:

  • To receive an update on the liquidation.
  • To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The following are the details of the liquidator: 

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

 

Photo credit: Benjamin Child
Published: 28 May, 2026

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Winding up

Singapore: Notice of intended dividend issued for Xihe Capital Pte Ltd

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.
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Published

1 week ago

on

May 25, 2026

By

RESIZED Drew Beamer

A notice to declare the intended dividend of Xihe Capital Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (15 April).

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

The following are the details of the notice of intended dividend:

Name of Company : XIHE CAPITAL (PTE.) LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION)

Unique Entity No. / Registration No. : 201727410K

Address of Registered Office : 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

Last Day for Receiving Proofs : 5 June 2026

Name of Liquidator : TAM CHEE CHONG

Address : c/o 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

 

Photo credit: Drew Beamer
Published: 25 May, 2026

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