The first meeting for creditors of defunct Ocean Tankers will be held in early January, according to a notice posted by its joint and several judicial manager BoardRoom Business Solutions on Tuesday (22 December) at the Government Gazette.
The meeting will be held electronically through a virtual webcast on Wednesday, 6 January 2021 at 3 p.m. to, amongst others, consider and, if thought fit, approve, the Judicial Managers’ statement of proposals under Section 227M of the Companies Act.
Creditors who wish to attend the meeting are required to submit their proxy form to the agents appointed by the Judicial Managers by post to 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623 or by email to OTPL2020CM@boardroomlimited.com by 3:00 p.m. on 4 January 2021.
Related: Ocean Tankers publishes notice for creditors to prove any debts or claims for publication
Related: Singapore: Ocean Tankers Tuas Terminal to undergo voluntary wind up
Related: Ocean Tankers to return most ships to owners to reduce $540,000 a day cash burn
Related: Managers of Ocean Tankers looking to recover USD 19 million from Lim family
Related: Ocean Tankers legal team publishes application to be placed under judicial management
Related: Judicial management applications for Hin Leong Trading and Ocean Tankers delayed
Related: Judicial managers of Ocean Tankers discover discrepancies and fraud in exposure claims
Related: Judicial managers of Ocean Tankers to present restructuring proposals to owners
Photo credit: Manifold Times
Published: 7 December, 2020
The COVID-19 pandemic continues to evolve and MPA is working closely with other agencies to monitor the situation, both globally and in Singapore, the port authority tells Manifold Times.
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.