Business

EU mulls sanctions against Dubai shipping firm SUN Ship Management

Russian company Sovcomflot is believed to have secretly transferred its entire fleet of 92 vessels in April 2022 to SUN Ship Management to circumvent EU and international sanctions against Russia.

Published

3 years ago

February 20, 2023

Admin

The European Union is mulling new sanctions against Dubai-based shipping company SUN Ship Management Ltd (SUN), which is suspected of helping Russia with illicit oil shipments to circumvent EU’s restrictions on trade with Russia, according to a report by Politico, a global nonpartisan politics and policy news organisation, on Tuesday (14 February).

Quoting three diplomats on condition of anonymity, the diplomats said the company was believed to have come into possession of a fleet of Russian oil tankers that were no longer allowed to ship oil because of EU and international sanctions on Russian-owned entities. Under SUN’s ownership, the tankers have been able to continue to operate.

According to the report, Russian state-owned company Sovcomflot is believed to have secretly transferred its entire fleet of 92 vessels in April 2022 to SUN, formerly known as SCF Management Services, in order to circumvent EU and international sanctions.

According to SUN’s website, SUN was established in 2012 as a multi-activity shipping company “owned by UAE and Russian nationals, and managed by multinationals.”

The website further elaborated SUN owns, manages and operates a fleet of 92 oil, crude oil, LNG and chemical vessels with a capacity of more than 150,000 tons DWT. In addition to being agents for leading shipping companies, we also offer a host of world class shipping services to our clients across the region.

Photo credit: Guillaume Périgois on Unsplash
Published: 20 February, 2023

Business

Singapore: Hawksbill Shipping and related companies to be wound up voluntarily

Creditors are required on or before the 6 July to send in their names and addresses and particulars of their debts or claims to appointed liquidators, according to Government Gazette notices.

Published

12 hours ago

June 9, 2026

Admin

Several notices in the Government Gazette were published by the Director of Hawksbill Shipping Pte Ltd and related companies on Friday (5 June), regarding some resolutions that were passed in relation to the winding up of the companies.

The other companies are Leatherback Shipping Pte Ltd and Matamata Shipping Pte Ltd.

The following resolutions were duly passed during an Extraordinary General Meeting for the companies on 29 May:

Special Resolutions

That the Company be wound up as a Members’ Voluntary Liquidation pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.
That the Liquidators may divide among the contributories in specie or kind the whole or any part of the assets of the Company.
That the Liquidators be authorised to exercise any or all of the powers provided under Section 144(1)(b), (c), (d), (e), (f) and (g) of the Insolvency, Restructuring and Dissolution Act 2018.

Ordinary Resolution

That Lee Yi Ying, Marie and Khor Boon Hong care of Baker Tilly Consultancy (Singapore) Pte Ltd, 600 North Bridge Road, #05-01 Parkview Square, Singapore 188778, be appointed joint and several Liquidators for the purpose of such liquidation.

In another notice, the liquidators said creditors for the companies are required on or before the 6 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.

The notice also applies to other companies including Posh Investment Holdings (Malaysia) Pte Ltd and Parang Shipping (2020) Pte Ltd.

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:

Marie Lee
Khor Boon Hong
Joint Liquidators
C/o Baker Tilly
600 North Bridge Road
#05-01 Parkview Square
Singapore 188778

Photo credit: steve pb from Pixabay
Published: 9 June, 2026

Winding up

Singapore: Meetings of creditors, contributories scheduled for Da Shun Shipping Pte Ltd

Liquidator of the company will provide an update on the status of the liquidation of the company, according to Government Gazette notices.

Published

12 hours ago

June 9, 2026

Admin

A meeting for creditors of Da Shun Shipping Pte Ltd , which is undergoing compulsory liquidation, has been scheduled to take place on 12 June, according to a Government Gazette notice on Friday (5 June).

The meetings will be held by videoconference only at 2pm (Singapore time).

In another notice, the liquidator of the company, Yit Chee Wah, said a meeting of the contributories will also be held by videoconference on 12 June at 3.30pm (Singapore time).

The agenda of the meetings will be as follow:

To provide an update on the status of the liquidation of the Company i.e. to consider a compromise or an arrangement amongst the creditors and contributories of the Company; and
Any other business.

Notes:

Particulars of the claims of any creditors who wish to attend and vote at this meeting must be lodged with c/o FTI Consulting (Singapore) Pte Ltd, via email at [email protected] not later than 4:00 p.m. (Singapore time) on 11 June 2026. Secured creditors (unless they surrender their security) must give particulars, the date the security was received and its value if they wish to vote at the meeting.
Proxies to be used at the meeting must be duly completed and lodged with c/o FTI Consulting (Singapore) Pte. Ltd. via email at [email protected] not later than 4:00 p.m. (Singapore time) on 11 June 2026.
The meeting shall be held by videoconference only. Details of the videoconference will only be provided (via email) to those creditors who have registered their intent in attending the meeting.

Photo credit: Drew Beamer
Published: 9 June, 2026

Winding up

Singapore: Notice of intended dividend issued for Xin Sheng Shipping Pte Ltd

Creditors of the companies will have to submit proof of debt to the liquidators of Xin Sheng Shipping by 22 June at 5 pm, according to Government Gazette notice.

Published

12 hours ago

June 9, 2026

Admin

A notice to declare the intended dividend of Xin Sheng Shipping to its creditors has been posted on the Government Gazette on Monday (8 June).

The following are the details of the notice of intended dividend:

Name of Company : Xin Sheng Shipping (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 199004277D
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 22 June 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Photo credit: Jo_Johnston from Pixabay
Published: 9 June, 2026