Legal

Inter-Pacific Group, Inter-Pacific Petroleum to hold creditors’ meet

The first creditors’ meeting organised by Deloitte & Touche LLP will take place on 14 November in Singapore.

Published

5 years ago

November 5, 2019

Admin

Troubled oil trading and bunkering firms Inter-Pacific Group, and subsidiary Inter-Pacific Petroleum, will be holding its first creditors’ meeting on 14 November in Singapore, according to a notice posted on a Singapore paper on Friday (1 November).

The meeting for both companies will be held at 4pm in Shenton Way, OUE Downtown 2, #3-00 Singapore 068809.

Those voting at the meeting must submit their proof of claim by 5pm on 11 November, 2019.

The administrators of the meeting are Andrew Grimmett and Lim Loo Khoon of Deloitte & Touche LLP.

Inter-Pacific Group, with nearly $180 million of debt, on 16 August filed an application for interim judicial management at the High Court of the Republic of Singapore.

The bunker craft operator licence of Inter-Pacific Petroleum was revoked by the Maritime and Port Authority of Singapore (MPA) on 15 October.

Trials involving the former bunker clerk of a Singapore-registered bunker tanker (IMO 9199701) chartered by IPP are ongoing at the State Courts of Singapore; the ex-assistant boson of the same vessel was found guilty over mass flowmeter tampering in late August.

Manifold Times in October reported the Director of IPP facing a legal suit from the Singapore branch of Societe Generale at the High Court of the Hong Kong Special Administrative Region.

A timeline organised list of events preceding the current development have been recorded by Manifold Times below:

Photo credit: Manifold Times
Published: 5 November, 2019

Vessel Arrest

Singapore: Marshall Islands-flagged bulker “Porthos” placed under Sheriff’s arrest

Vessel was arrested at 3.08pm on 7 December and is currently Eastern Special Purpose Anchorage A, Grid 5717C; arresting solicitor listed was law firm Joseph Tan Jude Benny LLP.

Published

3 days ago

December 11, 2024

Admin

A Marshall Islands-flagged bulk carrier, Porthos, was arrested in Singapore waters on Saturday (7 December).

The vessel was added to the list of vessels under Sheriff’s arrest in Singapore’s court system.

According to the list, the vessel was arrested at 3.08pm and the arresting solicitor listed was law firm Joseph Tan Jude Benny LLP. The ship is currently held at Eastern Special Purpose Anchorage A, Grid 5717C.

No details were provided in the list regarding the reason behind the arrest.

Photo credit: MarineTraffic / Peer Janssen
Published: 11 December, 2024

Vessel Arrest

Malaysia: MMEA detains Panama-registered container ship for illegal anchoring

Ship, which had 20 male Chinese nationals onboard including a Captain, was detained about 29 nautical miles southwest of Tanjung Karang at 1.40pm.

Published

5 days ago

December 9, 2024

Admin

Malaysia: MMEA detains Panama-registered container ship for illegal anchoring

Selangor Malaysian Maritime Enforcement Agency (MMEA) on Saturday (7 December) detained a container ship for anchoring without permission about 29 nautical miles southwest of Tanjung Karang at 1.40pm.

Selangor MMEA director Maritime Captain Abdul Muhaimin Muhammad Salleh said the arrest was a result of information from Area Control Centre (ACC) SWASLA Klang which traced the position of the ship.

Malaysia: MMEA detains Panama-registered container ship for illegal anchoring

Acting on information from the Maritime Department of the Central Region (JLWT) that the ship did not have clearance to anchor, a MMEA patrol boat intercepted the container ship.

The ship is said to be registered in Panama with 20 male crew onboard including a Captain, aged between 30 and 59. All of them were Chinese nationals with valid identification documents.

Malaysia: MMEA detains Panama-registered container ship for illegal anchoring

Further examination of the documents found that the ship's captain failed to present any documents for permission to anchor.

The case is being investigated under Section 491B (1) (l) of the Merchant Shipping Ordinance 1952, which carries a fine of not more than MYR 100,000 or a jail term of not more than two years, or both, for anchoring without permission.

An arrest warrant on the vessel was issued and the captain and a crew of the vessel have been taken to the Selangor State Maritime Headquarters for further investigation.

Photo credit: Malaysian Maritime Enforcement Agency
Published: 9 December, 2024

Legal

Vietnam: Two vessels seized over 31,000 litres of illegal diesel oil

Vietnam Coast Guard said vessels were transporting various quantities of oil material: “HP-3790” was transporting about 16,000 litres and “Phuong Nam 68” transported about 15,000 liters.

Published

5 days ago

December 9, 2024

Admin

The Vietnam Coast Guard on Thursday (5 December) said it detained vessel HP-3790 in the sea bordering Hai Phong City and Quang Ninh Province.

The Coast Guard discovered the ship at 2pm on 4 December displaying several suspicious signs and ordered the vessel to stop for administrative inspections.

The authority proceeded to inspect the vessel, which had three crew members on board, and found it to be transporting about 16,000 litres of diesel oil with no invoices or documents proving its legal origin.

HP 3790

The Coast Guard also detained another ship, Phuong Nam 68, that also had three crew members on board at 10am on 5 December.

The ship was transporting about 15,000 liters of DO oil with no invoices or documents proving its legal origin.

As such, the ships were handed over to the Command of Coast Guard Region 1 for further investigation and handling in accordance with the provisions of law.

Photo credit: Vietnam Coast Guard
Published: 9 December, 2024