The High Court of Singapore has on Monday (21 September) published a public notice that Oversea-Chinese Banking Corporation Limited (OCBC) has on 24 August, applied for KS Energy Limited and sister company KS Drilling Pte Ltd to be placed under judicial management in the Government Gazette.
According to the notice, the hearing for the application has been scheduled for Tuesday (13 October), 2.30 pm at the Singapore High Court. It is as follows:
Messrs Andrew Grimmett and Lim Loo Khoon of Deloitte & Touche LLP have been nominated as the judicial managers; and any person who intends to oppose the making of an order under section 91(6)(b) or the nomination of a judicial manager under section 91(3)(d) may appear at the hearing or by his solicitor for that purpose; and a copy of the application and its supporting affidavit will be furnished to any creditor or member of the company requiring them by the undersigned upon request and on payment of the reasonable charge..
Any parties who intend to appear at the hearing of the application must serve on, or send by post to Hin OCBC’s solicitors, Shook Lin & Bok LLP of 1 Robinson Road #18-00, AIA Tower, Singapore 048542, notice in writing of his intention to do so.
The notice must state the name and address of the person, or if a firm, the name and address of the firm, and must be signed by the person or firm, or his or their solicitor. It must be sent in sufficient time to reach Shook Lin & Bok LLP not later than 3 working days before 12 o’clock noon of Thursday (12 October).
Kris Taenar Wiluan, CEO of Singapore-listed KS Energy, an energy services provider to the marine and petrochemical industries, in early August faced 112 charges in relation to false trading and market-rigging transactions to artificially drive up the share price of KS Energy.
Related: Singapore: CEO of KS Energy Kris Wiluan facing false trading and market-rigging charges
Photo credit: Manifold Times
Published: 20 September, 2020
MISC, Samsung Heavy Industries, Lloyd’s Register and MAN Energy Solutions to collaborate on addressing shipping’s decarbonisation challenge.
Through ‘exclusive deal’ with Port of Canakkale enabling new supply option at Turkish Straits.
Problem fuels do exist and can result in difficulties, but without adequate precautions even an on specification VLSFO has the potential to cause damage, it advises.
Shipowners Association of Nigeria unhappy with development due to unfavourable Nigeria policies.
Sold 56,000 mt of marine fuel in 2018, lower compared to marine fuel sales of 62,000 mt in 2017.
Cooperates on promotion of electronic certificates to facilitate port state inspections, and other matters.
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
