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Matrix Marine Fuels Pte Ltd decides to undergo voluntary liquidation

Appointed Liquidator has called for all creditors to send in their names and addresses and particulars of their debts or claims by Monday, 5 April 2021.

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Two notices were published in the Government Gazette on Friday (5 March) regarding the voluntary liquidation of Matrix Marine Fuels Pte Ltd.

According to the first notice, the following resolutions were passed on Friday, 26 February regarding the voluntary liquidation process:  

  1. That the company be wound up voluntarily pursuant to the Insolvency, Restructuring and Dissolution Act 2018.
  2. Lai Seng Kwoon, care of 16 Raffles Quay #22-00, Hong Leong Building, Singapore 048581, is appointed as the sole Liquidator of the company for the purpose of the winding up process.
  3. The Liquidator is hereby authorised to exercise any or all of the powers pursuant to Sections 144(1)(b), (c), (d), (e), (f) and (g) of the Act.
  4. The Liquidator is authorised to distribute either in cash or in specie to the contributory any part or all of the surplus assets of the company.
  5. The books and papers of the company and those of the Liquidator shall be retained for a period of 5 years from the date of dissolution and may be destroyed or otherwise disposed of at the Liquidator’s discretion at any time after the expiration of that period.

In the second notice, the Liquidator called for creditors of Matrix Marine Fuels 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 Liquidator by Monday, 5 April.

If required, creditors or their solicitors may be notified to come in and prove their debts or claims at a time to be specified, or they will be excluded from the benefit of any distribution made before such debts are proved.

As previously reported by Manifold Times, Matrix Marine Fuels Pte Ltd is a subsidiary of Mabanaft, the trading division of Hamburg-based independent energy supply, trading and logistics group Marquard & Bahls (M&B), which oversees operations of bunkering firms Bomin and Matrix Marine.

Matrix Marine Fuels was ranked the 23rd largest bunker supplier at Singapore port by volume in 2018 but left the list of Singapore accredited bunker suppliers in May 2019.

The published contact details for the Liquidator are:

Lai Seng Kwoon
Sole Liquidator
c/o 16 Raffles Quay
#22-00 Hong Leong Building
Singapore 048581

Coverage on the events that led to Matrix Marine Fuels’ exit is available from the search result here.

Related: Matrix Marine Fuels Pte Ltd leaves Singapore bunker supplier list


Photo credit: Drew Beamer

Published: 8 March, 2021

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Winding up

Singapore: Liquidators of Nan Ho Maritime, Nan Xin Maritime issue notices of dividend

Nan Ho Maritime’s second interim dividend and Nan Xin Maritime’s second and final dividend are payable from 4 September, according to Government Gazette notices.

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Notices of dividend for Nan Ho Maritime Pte Ltd and Nan Xin Maritime Pte Ltd, which are currently in creditors’ voluntary liquidation, were published on the Government Gazette on Friday (4 September). 

The following are the details of the notice for Nan Ho Maritime:

Name of Company : Nan Ho Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 200814315C
Address of Former Registered Office : 21 Bukit Batok Crescent, #22-70 WCEGA Tower, Singapore 658065
Amount per centum : 2.305 per centum of all admitted ordinary claims
First and Final or otherwise : Second interim dividend
When Payable : 4 September 2026 onwards
Where Payable : c/o AAG Corporate Advisory Pte. Ltd., 11 Collyer Quay, #07-02 The Arcade, Singapore 049317

The following are the details of the notice for Nan Xin Maritime:

Name of Company : Nan Xin Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701966W
Address of Former Registered Office : 21 Bukit Batok Crescent, #22-70 WCEGA Tower, Singapore 658065
Amount per centum : 3.980 per centum of all admitted ordinary claims
First and Final or otherwise : Second and final dividend
When Payable : 4th day of September 2026 onwards
Where Payable : c/o AAG Corporate Advisory Pte. Ltd., 11 Collyer Quay, #07-02 The Arcade, Singapore 049317

 

Photo credit: Benjamin Child
Published: 7 September, 2026

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LNG Bunkering

Singapore-based EPS takes delivery of three LNG dual-fuel bulk carriers

Three vessels are the third, fourth and fifth in the company’s series of 14 Newcastlemaxes being built at the yard, and were delivered five months ahead of their contracted delivery dates.

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Singapore-based Eastern Pacific Shipping (EPS) on Friday (4 September) announced the naming and delivery of three new LNG dual-fuel Newcastlemax bulk carriers from China’s Qingdao Beihai Shipbuilding. 

Cyril Ducau, CEO of EPS, said the vessels were named Mount Victoria, Mount Yulong and Mount Wuyi

The three vessels are the third, fourth and fifth in the company’s series of 14 Newcastlemaxes being built at the yard, and were delivered five months ahead of their contracted delivery dates.

“A big thank you to CSSC Group and Qingdao Beihai Shipbuilding, working alongside our EPS team, for the tremendous collaboration and commitment behind this achievement,” Ducau said in a social media post.  

 

Photo credit: Eastern Pacific Shipping
Published: 7 September, 2026

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Port & Regulatory

ISWG-GHG 22: IMO working group aims to present NZF text at MEPC 85

The Chair expressed his observation of a genuine willingness within the Group to make concrete further progress at the next ISWG-GHG meeting and work towards presenting text to MEPC 85.

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The Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from Ships (ISWG-GHG 22) met for its 22nd meeting from 1 to 4 September 2026, chaired by Mr. Sveinung Oftedal (Norway), according to the International Maritime Organization on Friday (4 September). 

According to a meeting summary by IMO, the meeting had a high level of participation, with nearly 1200 registered participants, in person and online.

During the meeting participants considered the following agenda items:

Consideration of proposals, including documents submitted to MEPC 84 and 85, previous sessions of ISWG-GHG, as well as documents submitted to ISWG-GHG 22, on how to address concerns with the draft amendments to MARPOL Annex VI on the Net-Zero Framework, in line with the 2023 IMO GHG Strategy

Following constructive discussions, the Chair expressed his observation of a genuine willingness within the Group to make concrete further progress at the next ISWG-GHG meeting and work towards presenting text to MEPC 85 that adequately addresses the noted progress made in the consideration of proposals on how to address concerns raised regarding the draft amendments to MARPOL Annex VI on the mid-term measure.

The Group invited interested delegations to continue to consult intersessionally to address remaining concerns with the draft amendments to MARPOL Annex VI, in line with the 2023 IMO GHG Strategy, taking into account views expressed at the Group’s session, with a view to submitting concrete proposals reflecting enhanced convergence allowing timely adoption and effective implementation.

Further consideration of the draft guidelines supporting the uniform and effective implementation of IMO’s mid-term measures.

The Group held a preliminary exchange of views on this agenda item, although time became a limiting factor and the Group and agreed to defer the consideration of all documents submitted to this session under this agenda item to ISWG-GHG 23 (23-27 November 2026).

Further consideration of the development of the IMO Life Cycle GHG Assessment (LCA) framework.

Due to time constraints, the Group was not able to consider the agenda item related to the IMO Life Cycle GHG Assessment (LCA) framework. The Group deferred the consideration of those documents to ISWG-GHG 23, in conjunction with the report of the fourth meeting of the GESAMP-LCA Working Group expected to be submitted to MEPC 85.

Next steps

The next meeting of the Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from Ships (ISWG-GHG 23) is scheduled for 23 to 27 November 2026, ahead of MEPC 85 (30 November to 3 December).

The second extraordinary session of MEPC (adjourned last October) is scheduled to resume on 4 December, subject to discussions at MEPC 85.

 

Photo credit: International Maritime Organization
Published: 7 September, 2026

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