Several resolutions for Lugalis Shipping Pte Ltd were made during an extraordinary meeting held on 31 July, according to a post in the Government Gazette on Thursday (6 August).

The duly passed resolutions were:

AS SPECIAL RESOLUTIONS

1. That the Company be wound up voluntarily pursuant to Section 160(1) of the Insolvency, Restructuring and Dissolution Act 2018 (the “Act”).
2. That Lau Chin Huat and Yeo Boon Keong, as the Joint and Several Liquidators, be and are hereby authorised to divide among the contributory in cash or in specie the whole or any part of the assets of the company.
3. That the Joint and Several Liquidators be at the liberty to exercise all or any of the powers conferred on themselves pursuant to the Act.

AS ORDINARY RESOLUTIONS

1. That Lau Chin Huat and Yeo Boon Keong, of 50 Havelock Road, #02-767, Singapore 160050 be appointed as the Joint and Several Liquidators for the purpose of winding up the company.
2. That the remuneration and winding up disbursements of the Joint and Several Liquidators be fixed on a time basis at rates as agreed in the engagement letter.
3. That the Joint and Several Liquidators be authorised to destroy all books and papers of the Company and of the Joint and Several Liquidators 5 years after the date of dissolution of the Company pursuant to Section 195(2) of the Act.

In another notice, the liquidators of Lugalis Shipping said creditors for the company are required on or before the 7 September to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the liquidators. 

Liquidators may also require creditors to, “come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.”

The liquidators can be contacted at the following address:

Lau Chin Huat
Yeo Boon Keong
Joint and Several Liquidators
c/o
Technic Inter-Asia Pte Ltd
50 Havelock Road, #02-767, Singapore 160050
Tel: 6561 0398 Fax: 6222 1855
Email: [email protected] 

Photo credit: Drew Beamer
Published: 7 August, 2026

Law firm HFW on Monday (3 August) said it has further expanded its global shipping practice and continued the growth of its Asia Pacific business with the appointment of Peter Glover as a Partner in Singapore.

Glover, who previously worked at HFW in Melbourne for three years, has rejoined the firm from Reed Smith. Glover is an experienced shipping and admiralty lawyer and a qualified Master Mariner, having spent 11 years at sea on oil tankers prior to qualifying as a lawyer.

His appointment follows a series of recent additions to HFW’s global shipping practice, including ship finance partner Simon Petch in London, shipping disputes Partner Elizabeth Sloane in Australia and Master Mariner Stephen Angove in Greece, as well as the promotion of Senior Master Mariner Paul Miller in London.

This appointment also continues the growth of HFW’s Asia Pacific business and in particular its Singapore office, after the recent hires of financial and trade sanctions Senior Associate Anastasia Magid, construction disputes Partner Simon Bellas, disputes and international arbitration Partner Shaun Leong and Senior Associate Theodore Ang and insurance disputes Legal Director Sinyee Ong.

HFW has added more than 40 new Partners globally since the beginning of FY25 and now has around 190 Partners and more than 700 lawyers across Europe, the Middle East, Asia Pacific and the Americas.

Adam Richardson, Singapore Office Head, HFW: “Shipping and maritime disputes remain central to our Singapore practice, reflecting the city’s role as a hub for international trade and complex cross‑border disputes. Peter’s appointment strengthens our wet and dry shipping litigation capability, and his ability to advise on matters arising at the intersection of shipping and international trade will complement our marketing-leading commodities practice in Singapore.

“Peter is the third partner we have added in Singapore since the beginning of FY26. We remain focused on attracting leading partners and teams as we continue to expand and enhance our client offering in Singapore.”

He regularly advises shipowners, charterers, commodity, energy and trading companies, banks and insurers on complex cross-border litigation and arbitration. 

This includes advising on shipping and admiralty matters, international trade and commodities disputes, marine insurance, enforcement of guarantees, civil fraud, and competition and commercial law. He also advises on legal risk management, commercial charterparties and commodities contracts, regulatory compliance, and insurance.

Glover also brings significant experience in high‑profile casualties and crisis situations, advising on the civil, regulatory and criminal aspects of accident response and emergency response management.

He is admitted to practise in England and Wales, Hong Kong and Queensland, Australia.

Peter Glover, Partner, HFW, said: “HFW’s market‑leading capabilities in shipping, trade and crisis management align closely with my practice. Returning to the firm as a partner in Singapore offers an excellent platform to support clients navigating an increasingly complex maritime and regulatory landscape, while leveraging HFW’s global strength across shipping, arbitration, energy and disputes to grow and broaden my practice.”

Photo credit: HFW
Published: 4 August, 2026

Yuantai Fuel Trading Pte Ltd, currently in compulsory liquidation, on 10 June 2026 filed a legal claim in the High Court of Singapore against Wee Tiong (S) Pte Ltd, seeking the recovery of USD 752,000 (exact: USD 752,288.81) over an alleged breach of contract for an outstanding vessel deposit.

Including accrued interest, the total claim stands at USD 1.17 million (exact: USD 1,170,562.06), according to court documents obtained by Manifold Times.

Background

Yuantai Fuel Trading, formerly a bunker fuel supply company, entered into a contract on March 2018 with Picon Marine Pte Ltd to purchase the vessel M.T Pacific Ocean for USD 6.1 million; Wee Tiong Director Tan Wee Beng was also the sole Director of Picon Marine.

As part of the agreement, Yuantai paid a deposit of USD 4.1 million into Wee Tiong’s bank account, which acted as Picon’s designated account.

However, the vessel was not delivered within the agreed timeframe, leading to a termination agreement in April 2018. Under this agreement, the full deposit was to be refunded to Yuantai without deduction.

Partial Refunds and Outstanding Amount

Wee Tiong made several partial refunds between 2018 and 2020, totalling approximately USD 3.35 million. Despite these payments, a balance of USD 752,288.81 remains outstanding.

Yuantai claims that interest on the unpaid sum, calculated at 5.33% per annum up to June 2026, amounts to an additional USD 418,273.24, bringing the total claim to USD 1,170,562.06.

Legal Claims

Yuantai asserts that Wee Tiong, acting as agent for Picon, breached the vessel contract and the subsequent termination agreement by failing to return the full deposit.

The company also alleges unjust enrichment, as the deposit was paid for a vessel that was never delivered.

On 3 June 2026, Yuantai issued a formal demand for payment, but no further funds have been received. The claim seeks the outstanding deposit, accrued interest, legal costs, and any further orders the court deems appropriate.

Related: Singapore: Liquidator issues notice to creditors of Yuantai Fuel Trading Pte Ltd

Photo credit: Manifold Times
Published: 4 August 2026