An Extraordinary General Meeting of the defunct Singapore bunker supplier Ocean Bunkering Services was carried out as planned on 15 December, according to a notice published on Wednesday (23 December) on the Government Gazette.
The meeting concluded with the decision to voluntarily wind up Ocean Bunkering Services due to its current liabilities, according to Director Tan Thiam Hee.
Following, the firm will be placed under care of Messrs. Leow Quek Shiong and and Gary Loh Weng Fatt both care of BDO Advisory Pte. Ltd., 600 North Bridge Road #23-01 Parkview Square Singapore 188778; the duo has been appointed the joint and several liquidators for the purpose of winding up the affairs of the Company.
Related: OBS to wind up operations; creditor list alleges estimated USD 42 million debt
Related: MPA: Ocean Bunkering Services licenses suspended ‘until further notice’ and not revoked, it clarifies
Related: PwC publishes ‘investment opportunity’ for Singapore independent bunker fuel supplier
Related: Singapore: Ocean Bunkering Services bunker claims against ASL Marine & Offshore heads to arbitration
Related: Singapore: Ocean Bunkering Services license suspended until further notice
Related: Singapore: Ocean Bunkering Services to discontinue marine fuel deliveries
Photo credit: Manifold Times
Published: 24 December, 2020
The COVID-19 pandemic continues to evolve and MPA is working closely with other agencies to monitor the situation, both globally and in Singapore, the port authority tells Manifold Times.
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.