Singapore-based shipping firm Dry Bulk Singapore Pte Ltd (UEN 200207990E) has submitted an application under Section 211B(1) of the Companies Act to the High Court of Singapore for protection against creditors, according to the Government Gazette.
The application is directed to be heard before the High Court of Singapore at 10:00 AM on 16 March 2020 in Chamber 5F.
The applicant’s address is 1 Robinson Road #17-00, AIA Tower, Singapore 048542.
The applicant’s solicitor is Shook Lin & Bok LLP of 1 Robinson Road #18-00, AIA Tower Singapore 048542. Copies of the application may be obtained from the applicant’s solicitors on request.
Section 211B(1) allows for a court to make an order for moratorium protection where “[…] a company proposes, or intends to propose, a compromise or an arrangement between the company and its creditors […],” states Singapore Statutes Online.
Dry Bulk Singapore Pte Ltd is still operating as a ‘live’ company at the republic, according to Accounting and Corporate Regulatory Authority (ACRA).
Photo credit: Manifold Times
Published: 2 March, 2020
Fuel delivered to bulker managed by dry cargo company Centurion Bulk at Greensport on 15 March 2018.
Legal instruments for liability and compensation will be critical in respect of the economic consequences, as well as for the reinstatement of the environment, said UNCTAD.
A pre-trial conference regarding the application was heard at the Singapore court in the week ended 1 Sept.
Dan-Bunkering's management hopes for a quick conclusion after eight Danish authorities investigates alleged irregularities in 2015-2017, states official response.
The application by CIMB Bank Singapore was filed June as the bank looked to recover USD 105 million from Hontop; the hearing date is set for Monday, 7 September 2020.
Units fell from CSCL Spring during a cargo operation at the Pacific International Terminal in Tianjin.
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.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
