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Creditors meeting confirms decision to voluntarily wind up Ocean Bunkering Services

24 Dec 2020

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

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