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Chimbusco Pan Nation wins bunker claim case against Singapore firm

Hong Kong court orders Arkstar Ship Management to pay US $335,858 (without interest) to plaintiff.
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Published

7 years ago

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Singapore-listed Hoe Leong Corporation Limited (HLC) on Friday (18 January) said its subsidiary Arkstar Ship Management Pte Ltd (ASM) had been ordered by the High Court of Hong Kong Special Administrative Region to pay Hong Kong-based bunkering firm Chimbusco Pan Nation Petro-Chemical Co. Ltd (Chimbusco PN) its bunker claim of US $335,858.

ASM on 4 September 2015, in a legal suit initiated by Chimbusco PN, was summoned to the court over a failed payment in a sale contract relating to the supply of marine fuel oil to one of its vessels.

It claimed Chimbusco PN allegedly supplied contaminated bunker fuel to its vessel, resulting in the vessel being deferred from commencement of chartering services for a few months.

However, the court on 11 January 2019 “ruled against ASM on the basis that ASM’s defence and counterclaim was excluded according to the interpretation of the Contract and the factual finding that the bunkers were not contaminated”, according to HLC.

As such ASM has been order to pay Chimbusco PN a principal sum in the amount of US$335,858.31, together with interest at Prime Rate plus 1% from a date 30 days after the date of the invoice made on 17 February 2014 until the date of Judgment (11 January 2019) and at the Judgment Rate (i.e. 8.088% per annum).

Further ASM has to pay the cost of Chimbusco PN on a party-to-party basis.

“ASM is currently seeking legal advice and exploring all of its options in respect of the above-mentioned Order of the Court,” concluded a statement from Hoe Leong Corporation.
 

Published: 21 January, 2019
 

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Winding up

Singapore: Final meeting scheduled for Tiger LNG Shipping Pte Ltd

Meeting will be held on 29 June at 190 Middle Road #17-05 Fortune Centre Singapore 188979 to hear any explanation that may be given by the liquidator, according to Government Gazette notice.
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Published

2 days ago

on

June 2, 2026

By

RESIZED Jo_Johnston from Pixabay

The final meeting for Tiger LNG Shipping Pte Ltd has been scheduled to take place on 29 June, according to the company’s liquidators on a notice posted on Friday (29 May) on the Government Gazette.

The meetings will be held at 10.30am at 190 Middle Road #17-05 Fortune Centre Singapore 188979. 

The meeting is being held for the purpose of having an account laid before the meeting showing the manner in which the winding up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the liquidator.

The following are the details of the liquidator:

LUM CHI LUP BENNY
c/o 190 Middle Road
#17-05 Fortune Centre
Singapore 188979

 

Photo credit: Jo_Johnston from Pixabay
Published: 2 June, 2026

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Winding up

Singapore: Annual general meetings scheduled for Xin Guang Shipping and An Xing Shipping

Annual general meeting of the company and creditors for An Xing Shipping and Xin Guang Shipping will be held by electronic means on 11 June and 12 June respectively.

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Published

7 days ago

on

May 28, 2026

By

Resized benjamin child

Several notices were published on the Government Gazette on Tuesday (26 May) regarding the annual general meetings of the companies and creditors to be held electronically from 5 to 6 May for Xin Guang Shipping Pte Ltd and An Xing Shipping Pte Ltd. 

Annual general meeting for Xin Guang Shipping are to be held on 12 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

Annual general meeting for An Xing Shipping are to be held on 11 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

The agenda for all the meetings are:

  • To receive an update on the liquidation.
  • To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The following are the details of the liquidator: 

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

 

Photo credit: Benjamin Child
Published: 28 May, 2026

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Winding up

Singapore: Notice of intended dividend issued for Xihe Capital Pte Ltd

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.
Admin

Published

1 week ago

on

May 25, 2026

By

RESIZED Drew Beamer

A notice to declare the intended dividend of Xihe Capital Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (15 April).

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

The following are the details of the notice of intended dividend:

Name of Company : XIHE CAPITAL (PTE.) LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION)

Unique Entity No. / Registration No. : 201727410K

Address of Registered Office : 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

Last Day for Receiving Proofs : 5 June 2026

Name of Liquidator : TAM CHEE CHONG

Address : c/o 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

 

Photo credit: Drew Beamer
Published: 25 May, 2026

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