The last day for receiving proofs or claims against Varada Marine Pte Ltd (200512440R) is Monday, 19 October 2020; liquidators are BDO Advisory Pte Ltd.
Maybank Singapore and SocGen have exposure of USD 88.3 million and USD 81.3 million apiece; legal fees are estimated to be USD 734,047, reports Business Times
Singapore Criminal Investigation Department alleges Pai Keng Pheng dishonestly received about 2,916 mt of marine gasoil valued at USD 1.36 million in 2017.
Expressions of Interest are to be lodged with PricewaterhouseCoopers Advisory Services Pte. Ltd. by 15 October 2020, reads the notice seen by Manifold Times.
With over 40 years of experience, Lotte has served in various roles as leader and executive in primarily Maersk Line, Maersk Procurement and Maersk Broker.
Vessels travelling within the ECAs are required to use VLSFO and observe mandatory speed reductions and these have resulted in increased operational costs, it said.
The staff members have been placed on leave since July after being named in disputes between banks and other commodity trading firms, reports Bloomberg.
‘The primary reason for this is simply an oversupply of the product, especially in Asia, which is the largest exporter in the world, as a region;...
‘We support MFMs for bunker deliveries at Singapore and that goes for other tech as well; Hafnia is onboard any initiatives improving transparency in the bunker...
‘By implementing a regional EU ETS, shipping risks getting hit by multiple emission trading systems making a global ETS difficult to achieve,’ states Secretary General.
