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Breaking news: Coastal Oil Singapore under liquidation

13 Dec 2018

The following news was published by Singapore bunkering publication Manifold Times at 6:00pm (Singapore time) on Thursday 13 December.

Singapore-based Coastal Oil Singapore Pte Ltd (UEN 200413975N) filed for liquidation as part of a creditors’ voluntary winding up operation on Thursday (13 December), according to Accounting and Corporate Regulatory Authority (ACRA) documents obtained by Manifold Times.

“Coastal Oil Singapore is the first tier subsidiary of Coastal Holdings,” according to information from its website.

“This is a business operations centre responsible for international cargo trading, global oil product supplying and blending, as well as logistic management.”

Manifold Times understands Coastal Oil Singapore is also involved in regional bunker trading and supply operations.

Coastal Oil Singapore has selected AAG Corporate Advisory to be its appointed provisional liquidator, show ACRA documents.

Published: 13 December, 2018

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