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Winding up

Ecosubsea Singapore Pte Ltd passes winding-up resolutions

Sole liquidator of the company was appointed for the purpose of winding up the company, according to a Government Gazette notice.

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RESIZED Drew Beamer

A notice in the Government Gazette was published on Ecosubsea Singapore Pte Ltd on Monday (4 May), regarding some resolutions that were passed in relation to the winding up of the company.

A creditors’ meeting of the company was held via video conference at 4pm on 29 April. 

Special Resolution

That the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily, pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.

Ordinary Resolution

That Ms Ellyn Tan Huixian of Forvis Mazars Consulting Pte. Ltd., 135 Cecil Street, #10-01 Philippine Airlines Building, Singapore 069536 be appointed as the sole Liquidator of the Company to act for the purpose of such winding up.

Manifold Times previously reported a director of Ecosubsea Singapore filing a statutory declaration (SD) with the Official Receiver’s office stating that the company cannot continue its business due to its liabilities, according to a Monday (6 April) notice on the Government Gazette. 

Bergen-based hull cleaning technology provider ECOsubsea recently said despite its exit from the Singapore market, it will continue to deploy its hull cleaning offerings from key service hubs in northern Europe following a restructure supported by new maritime investors. 

Related: Singapore: Director declares Ecosubsea Singapore Pte Ltd’s inability to continue business
Related: ECOsubsea to continue deploying hull cleaning solutions in Europe despite Singapore exit

 

Photo credit: Drew Beamer
Published: 6 May, 2026

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Winding up

Singapore: United Ocean Ship Management Pte Ltd to be wound up voluntarily

A liquidator has been appointed at an extraordinary general meeting held on 12 June for the purpose of winding up company’s affair, according to Government Gazette notice.

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RESIZED Drew Beamer

Several resolutions for United Ocean Ship Management Pte Ltd were made during an extraordinary meeting held on 12 June, according to a post in the Government Gazette on Friday (19 June).

According to the company’s website, United Ocean Ship Management was founded in 2012 in Singapore and specialises in ship management services. The company manages a fleet of Floating Storage Tankers (FSUs) in Singapore, Malaysian, and Indonesian waters, currently comprising nine ULCC/VLCC/FSUs.

The duly passed resolutions were:

AS SPECIAL RESOLUTIONS

  • That the Company be wound up voluntarily pursuant to Section 160(1) of the Insolvency, Restructuring and Dissolution Act 2018 (the “Act”)
  • That the Liquidator be and is hereby authorised to exercise any or all of the powers given by Section 144 (1)(b), (c), (d), (e), (f) and (g) and 144 (2) of the Act.
  • That the Liquidator be authorised to distribute either in cash or in specie any part or all of the surplus assets of the Company to the contributories.

AS ORDINARY RESOLUTIONS

  • That Ms. Muk Siew Peng of c/o ClearView Associates Pte Ltd 133 New Bridge Road #08-01 Chinatown Point Singapore 059413 be and hereby appointed as Liquidator for the purpose of winding up the affairs of the Company.
  • That the renumeration and winding up disbursements of the Liquidator be fixed on a time basis at the rates normally charged by such an assignment.
  • That the Liquidator be authorized to destroy all the books and records/papers of the Company and of the Liquidator five years after the date of dissolution of the Company pursuant to Section 195(2) of the Act.

In another notice, the liquidators of United Ocean Ship Management said creditors for the company are required on or before the 20 July to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the liquidators. 

Liquidators may also require creditors to, “come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.”

The liquidators can be contacted at the following address:

Muk Siew Peng
Liquidator
c/o ClearView Associates Pte Ltd
133 New Bridge Road
#08-01 Chinatown Point
Singapore 059413

 

Photo credit: Drew Beamer
Published: 22 June, 2026

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Winding up

Singapore: Xihe Holdings subsidiaries to be wound up voluntarily, creditors to submit claims

Creditors of Da Zhong Tankers and Xin Ying Shipping are required on or before 17 July 2026 to send in their names and addresses and particulars of their debts or claims to appointed liquidators, says notice.

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Xihe Holdings Pte Ltd subsidiaries Da Zhong Tankers Pte Ltd and Xin Ying Shipping Pte Ltd will voluntarily wind up following resolutions that were passed by written means, according to a Government Gazette notice published on Thursday (18 June).

The resolutions set out below were duly passed:

  • SPECIAL RESOLUTION – WINDING-UP

That the Company be wound up voluntarily pursuant to section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.

  • ORDINARY RESOLUTION – APPOINTMENT OF LIQUIDATORS

That Paresh Tribhovan Jotangia and Ho May Kee of Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960 be and are hereby appointed as joint and several liquidators to conduct the said winding-up and that their remuneration be fixed on the usual scale of their professional charges for the work involved.

  • SPECIAL RESOLUTION – POWERS OF LIQUIDATORS

That the liquidators of the Company be authorised to exercise any of their powers given by section 177, 144 (1) and (2) of the Insolvency, Restructuring and Dissolution Act 2018 and to distribute to members, in specie, any part of the assets of the Company.

In another notice, the liquidator of the company said creditors are required on or before 17 July 2026 to send in their names and addresses with particulars of their solicitors (if any) to liquidator Paresh Tribhovan Jotangia at Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960. 

The liquidator may require creditors or their solicitors to “come in and prove their said debts or claims at such time and place as shall be specified in such notice or in default thereof, they will be excluded from the benefit of any distribution made before such debts are proved.”

Related: Singapore: Additional Xihe Holdings subsidiaries to be placed under judicial management

 

Photo credit: steve pb from Pixabay
Published: 19 June, 2026

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Winding up

Singapore: Liquidator of Parakou Shipping issues notice of dividend

Second and final dividend to admitted creditors of Parakou Shipping is payable by 14 July, according to Government Gazette notice.

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A notice of dividend for Parakou Shipping Pte Ltd, which is currently in voluntary liquidation, was published on the Government Gazette on Thursday (18 June). 

The following are the details of the notice:

Name of Company : Parakou Shipping Pte Ltd (In Creditors’ Voluntary Liquidation)
Address of Registered Office : c/o KordaMentha, 50 Raffles Place, 25-01 Singapore Land Tower, Singapore 048623
Amount per centum : 0.55 per centum of admitted claims (in accordance with the Order of Court HC/ORC 4175/2024)
First and Final or otherwise : Second and Final Dividend to admitted creditors (in accordance with the Order of Court HC/ORC 4175/2024)
When payable : By 14 July 2026
Where payable : c/o KordaMentha Pte Ltd, 50 Raffles Place, #25-01 Singapore Land Tower, Singapore 048623

Related: Singapore: Notice of intended dividend issued for Parakou Shipping Pte Ltd

 

Photo credit: Benjamin Child
Published: 19 June, 2026

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