Legal

Evergreen Marine director questioned, offices searched in Taiwan insider trading probe

Investigators searched 10 locations, including Evergreen Marine’s offices, and summoned Chang, his brother Chang Kuo-cheng and eight others for questioning over alleged breaches of Taiwan’s Securities and Exchange Act.

Published

2 months ago

July 9, 2026

Admin

Chang Kuo-hua, a board director of Taiwanese shipping giant Evergreen Marine, has been questioned by Taiwanese prosecutors as part of an investigation into suspected insider trading involving shares of Evergreen Marine Corp, according to Taipei News on Tuesday (7 July).

The Taipei District Prosecutors’ Office on Monday instructed investigators to search 10 locations, including Evergreen Marine’s offices, and summoned Chang, his brother Chang Kuo-cheng, former senior Evergreen executive Ko Li-ching and six others for questioning over alleged breaches of Taiwan’s Securities and Exchange Act.

According to the report, the investigation stems from a shareholder complaint filed in 2024 alleging that Chang purchased approximately 98.6 million Evergreen Marine shares before the company disclosed the sale of about TWD 13 billion (USD 405 million) worth of shares in EVA Airways in 2023.

Later, Taiwanese media reported that Chang Kuo-hua was released on a TWB 120 million bail after he was questioned by prosecutors.

In a filing to the Taiwan Stock Exchange on 6 July, Evergreen Marine confirmed that the Investigation Bureau of the Ministry of Justice conducted relevant searches and investigations at the company.

It added that the company is cooperating with the investigation procedures.

“The company is operating normally, and this incident has no significant impact on the Company’s financial condition or business operations,” it said.

Photo credit: Evergreen Marine Corporation
Published: 9 July, 2026

Winding up

Singapore: Notices of intended dividend issued for Ocean Bunkering Services, Hin Leong Marine

Liquidators have issued notices to intended dividends of OBS, the marine fuels business arm of troubled Hin Leong Trading, and Hin Leong Marine International to their creditors on Government Gazette.

Published

1 day ago

August 24, 2026

Admin

A notice of intended dividend for Ocean Bunkering Services Pte Ltd (OBS), the marine fuels business arm of troubled Hin Leong Trading, and Hin Leong Marine International Pte Ltd was published on the Government Gazette on Friday (21 August).

The following are the details of the notice of Ocean Bunkering Services:

Name of Company : Ocean Bunkering Services (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. /Registration No.: 197800010N
Address of Registered Office : 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778
Last Day for Receiving Proofs : 4 September 2026
Names of Liquidators : Leow Quek Shiong, Gary Loh Weng Fatt
Address of Liquidators : c/o BDO Advisory Pte Ltd, 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778.

Details of the notice of intended dividend for Hin Leong Marine International are as follows:

Name of Company : Hin Leong Marine International (Pte.) Ltd. (In Liquidation)
Unique Entity No. /Registration No.: 197501519K
Address of Registered Office : 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778
Court : High Court of the Republic of Singapore
Number of Matter : HC/CWU 202/2020
Last Day for Receiving Proofs : 4 September 2026
Names of Liquidators : Leow Quek Shiong, Gary Loh Weng Fatt
Address of Liquidators : c/o BDO Advisory Pte Ltd, 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778

In 2020, Manifold Times reported the Maritime and Port Authority of Singapore (MPA) announcing the suspension of OBS’ bunkering licences.

“Given that OBS has stopped its bunkering operations since April this year and has not been able to fulfil its licensing commitment to date, MPA has suspended their bunkering licences until further notice,” MPA was quoted as saying at the time.

Later that year, the company’s directors declared “the company cannot by reason of its liabilities continue its business.

Photo credit: steve pb from Pixabay
Published: 24 August, 2026

Winding up

Singapore: Annual general meetings scheduled for Xihe Holdings subsidiaries

Annual general meetings will be held from 1 to 2 September for An Hui Shipping, Nan Chiau Maritime and Nan Yi Maritime to receive updates on firms’ liquidation, according to notices.

Published

1 week ago

August 17, 2026

Admin

Several notices were published on the Government Gazette on Friday (14 August) regarding the annual general meetings to be held from 1 to 2 September for Xihe Holdings subsidiaries An Hui Shipping Pte Ltd, Nan Chiau Maritime and Nan Yi Maritime Pte Ltd.

Annual general meetings for An Hui Shipping are to be held on 1 September at the following times:

For the company and creditors: 3pm

Annual general meeting for Nan Chiau Maritime is to be held on 1 September at the following time:

For the company and creditors: 2pm

Annual general meeting for Nan Yi Maritime is to be held on 2 September at the following time:

For the company and creditors: 2pm

The agenda for all the meetings are:

To receive an update on the liquidation.
To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The following are the details of the liquidator:

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

Photo credit: Benjamin Child
Published: 17 August, 2026

Legal

Singapore police arrest eight over alleged illegal MGO transaction off Tuas

SPF says preliminary investigations found that crew members of a Singapore-registered tugboat misappropriated MGO worth about SGD 10,570 without their company’s knowledge and sold it illegally.

Published

2 weeks ago

August 14, 2026

Admin

Singapore police arrest eight over alleged illegal MGO transaction off Tuas

The Singapore Police Force (SPF) on Thursday (13 August) said it has arrested eight men, aged between 25 and 54, for their suspected involvement in an illegal transaction of Marine Gas Oil (MGO).

On 13 August 2026 at about 1.05am, officers from the Police Coast Guard (PCG) conducted a check on a Singapore-registered tugboat in the waters off Tuas and discovered that eight crew members were possibly involved in the illegal transaction of MGO.

“Preliminary investigations revealed that the crew members of the tugboats misappropriated MGO valued at about SGD 10,570 (USD 8,258), without their company’s knowledge,” SPF said in a statement.

“The MGO was sold illegally for their personal financial gain.”

The eight crew members will be charged in court on 14 August 2026 with the offence of theft by servant of property in possession of master under Section 381 of the Penal Code 1871 If convicted, they shall be punished with an imprisonment term that may extend to seven years and shall also be liable to fine.

“The Police take a serious view of illegal transaction of MGO in Singapore Territorial Waters and will continue to conduct enforcement and security checks to prevent, deter and detect such illicit activities in Singapore waters,” SPF added.

Photo credit: Singapore Police Force
Published: 14 August, 2026