Hong Kong-based bunkering firm Chimbusco Pan Nation Petro-Chemical Company Limited (Hong Kong SAR Registration No. 0330015) has initiated a winding up order against Arkstar Ship Management Pte Ltd (Singapore UEN No. 201317861K) at the High Court of the Republic of Singapore on Friday (15 March), show documents obtained by Manifold Times.
Arkstar Ship Management Pte Ltd (ASM), formerly known as Arkstar ShipManagement Pte Ltd, is a subsidiary of Singapore-based offshore support vessel (OSV) owner Arkstar Offshore Pte Ltd, according to information from its official website.
Arkstar Offshore is a subsidiary of Singapore-listed heavy equipment and industrial machinery spare parts trading and distributor firm Hoe Leong Corporation Ltd. (HLC).
A HLC filing has noted Chimbusco PN seeking a bunker claim of US $335,858 from ASM.
“The plaintiff has filed an application for winding up of ASM with High Court of Singapore,” said HLC in its full year (FY) financial results for 2018 released on 1 March.
“The application is scheduled to be heard at the Court on 15 March 2019.
“ASM is currently seeking legal advice and exploring all of its options in respect of the above mentioned Order.”
HLC reported profit after tax of SG $7.83 million (US $5.79 million) for FY2018, compared to net loss of SG $47.54 million in FY2017.
Photo credit: Manifold Times
Published: 18 March, 2019
‘MFMs will continue to have a place within the bunkering sector even when the shipping industry continues to adopt new types of marine fuels, such as LNG, biofuel, methanol, ammonia and hydrogen,’ states spokesman.
Current ISO 8217 bunker fuel standard not comprehensive enough for biofuels; National Mirror Committee working with local players to develop more comprehensive biofuels standard for Singapore, says Capt. Rahul.
‘There are some important differences between VLSFO and biofuels, and as a result, parties should consider whether additional changes should be made to biofuel bunker contracts,’ says Paul Collier.
Quek Rong Hong first joined Shell sometime in 2005 and had held the position of Blending Specialist from November 2017. At the time of arrest, his monthly basic salary was about SGD 4,300, showed documents.
Glencore previously commenced Singapore International Arbitration Centre Emergency Applications against Straits Pinnacle but those applications were dismissed, according to documents obtained by Manifold Times.
Captain Segar, MPA Assistant Chief Executive, Operations, to be also joining IBIA for the game where proceeds will be channelled into an IBIA Bursary Fund for supporting students to obtain a maritime studies degree.