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
Development follows departure of Mabanaft’s fuel oil team and Bomin Bunker Oil from Singapore in 2018.
Activity saves time for shipowners and frees up anchorage at port for more operations, Sentek Marine & Trading and Sinanju Tankers spokesmen both tell Manifold Times.
License suspended until further notice as OBS ceased bunkering operations since April 2020 and was unable to fulfil its licensing commitments, reports Reuters.
Acquisition part of EMF’s preparation for 2020 to reach further up supply chain and operate as a more robust marine fuel logistics provider, says Director.
Following an MOH announcement, from 23 December 2020 all visitors with travel history to the UK within the last 14 days will not be allowed entry into Singapore.
‘The MPA empathises with the situation faced by the owners and managers of SRS and desires to take a pragmatic approach to assist the industry in overcoming these challenges.’
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
NBF mulls use of blockchain-based registry of trade finance transactions as secure central database for the banking industry to streamline documentation processes and resolve transparency issues.
