Several resolutions for Xihe Holdings’ subsidiary Nan Chuan Maritime Pte Ltd were made during an extraordinary general meeting held on 3 June, according to a notice in the Government Gazette on Tuesday (9 June).

The meeting was held at 2pm at 8 Marina View, #40-04/05, Asia Square Tower 1 and by electronic means. 

The following resolutions were duly passed during the meeting:

SPECIAL RESOLUTION – WINDING-UP

That the Company be wound up pursuant to section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.

ORDINARY RESOLUTION – APPOINTMENT OF LIQUIDATORS

That Mr. Paresh Tribhovan Jotangia and Ms. Ho May Kee of Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960 be and are hereby appointed as joint and several liquidators to conduct the said winding-up and that their remuneration be fixed on the usual scale of their professional charges for the work involved.

SPECIAL RESOLUTION – DISTRIBUTION OF ASSETS IN SPECIE

That the liquidators of the Company be authorised to exercise any of their powers given by section 177, 144 (1) and (2) of the Insolvency, Restructuring and Dissolution Act 2018 and to distribute to members, in specie, any part of the assets of the Company.

Photo credit: Drew Beamer
Published: 10 June, 2026

Panama-flagged cargo ship Ashico Symphony was arrested in Singapore waters on Saturday (6 June).

The vessel was added to the list of vessels under Sheriff’s arrest in Singapore’s court system. 

According to the list, the vessel was arrested at 4.40pm and the arresting solicitor listed was law firm CLASIS LLC. The ship is currently held at Eastern Anchorage / 5417C. 

No details were provided in the list regarding the reason behind the arrest.

Photo credit: MarineTraffic / Binh Thien
Published: 10 June, 2026

The International Bunker Industry Association (IBIA) recently announced that Caroline Yang, CEO, Hong Lam Marine Pte Ltd has been appointed by the IBIA Global Board as Chair of the Regional Board – Asia.

Yang, CEO of Hong Lam Marine Pte Ltd, brings over 30 years of experience in the shipping industry. She joined Hong Lam Marine as in-house legal counsel in 1991 and was appointed Executive Director in 2002. As CEO, she oversees the company’s legal and human resources functions.

Yang succeeds Captain Rahul Choudhuri, who has completed his term as Regional Chair. 

IBIA said the transition reflects IBIA’s commitment to rotating leadership roles across its boards, ensuring broader participation and strong regional engagement.

Alexander Prokopakis, Executive Director, IBIA, said: “We are pleased to welcome Caroline Yang as Chair of the IBIA Asia Regional Board. Caroline brings industry experience, leadership, and regional insight, which will be invaluable in further strengthening IBIA’s presence and engagement across Asia.

“I would also like to sincerely thank Capt. Rahul Choudhuri for his leadership and commitment over the past years, and for his continued support to the Association”.

Manifold Times previously reported IBIA appointing three new members to the IBIA Asia Regional Board including Yang. 

Related: IBIA appoints three new Asia Regional Board members

Photo credit: International Bunker Industry Association
Published: 10 June, 2026