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JMs: First creditors meeting of Xihe Holdings subsidiaries to be held in January 2021

First meeting of creditors will be held on Tuesday, 12 January 2021 at 10a.m. (SG time) via video conferencing and pursuant to the Covid-19 Order 2020.

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Several notices were published by Grant Thorton in the Government Gazette on Wednesday (23 December) regarding the first meeting between the judicial managers of Xihe Holdings’ subsidiaries and its creditors, as well as procedures to submit proof of debt to entitle creditors to a vote during the said meeting.

The notice applies to the following subsidiaries of Xihe Holdings:

  • Da Guang Tankers (Pte) Ltd (Judicial Managers Appointed)
  • Da Zhong Tankers (Pte) Ltd (Judicial Managers Appointed)
  • Dafa Shipping (Pte) Ltd (Judicial Managers Appointed)
  • Dong Jiang Tankers (Pte) Ltd (Judicial Managers Appointed)
  • Dong Nan Tankers (Pte) Ltd (Judicial Managers Appointed)
  • Dong Sheng Tankers (Pte) Ltd (Judicial Managers Appointed)
  • Dong Ya Tankers (Pte) Ltd (Judicial Managers Appointed)
  • Xin An Shipping (Pte) Ltd (Judicial Managers Appointed)
  • Xin Chun Shipping (Pte) Ltd (Judicial Managers Appointed)
  • Xin Dun Shipping (Pte) Ltd (Judicial Managers Appointed)
  • Xin Kang Shipping (Pte) Ltd (Judicial Managers Appointed)
  • Xin Ying Shipping (Pte) Ltd (Judicial Managers Appointed)

According to the notice, the first meeting of creditors will be held on Tuesday, 12 January 2021 at 10a.m. (SG time) via video conferencing and pursuant to the Covid-19 Order 2020.

To entitle creditors to vote thereat, any proof of debt, if not previously lodged, must be received by the judicial managers at the address or email address listed below by no later than 5 p.m. (SG time) on Thursday, 7 January 2021 irrespective of the means chosen to lodge the proof of debt.

All copies of the prescribed proxy forms may be requested from the Judicial Managers at their address stated below or via e-mail at the email between 9 a.m. to 5 p.m. on Mondays to Fridays.

In order for the proxy to be able to attend and vote at the first meeting of creditors, all proxy forms must be accurate and correctly completed when received by the judicial managers at the stipulated time and address.

The published details to submit any proof of debt is as follows:

Address of registered office of above named companies: 456 Alexandra Road,
#17-01 Fragrance Empire Building
Singapore 119962
Last day of receiving proofs: 5.00 p.m. on Wednesday, 6 January 2021 at the address or email address of the Judicial Managers stated below
Name of Judicial Managers: Seshadri Rajagopalan and Paresh Jotangia
Judicial Managers’ address: c/o Grant Thornton Singapore Private Limited
8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960
Judicial Managers’ Email address: [email protected]

 

Note: The above development above builds upon Tuesday’s announcements by Grant Thorton (below):

Related: Judicial Managers of Xihe Holdings and subsidiaries call for first creditors meeting
Related: JMs of An Guang Shipping and other Xihe subsidiaries call for creditors meeting

Earlier reports by Manifold Times regarding Xihe Holdings’ judicial management are as follows:

Related: Judicial Managers appointed for Xihe Holdings subsidiary, Xin Hui Shipping
Related: Singapore: Additional Xihe Holdings subsidiaries to be placed under judicial management
Related: Singapore: Xihe Holdings and subsidiaries to be placed under judicial management


Photo credit: Benjamin-Child

Published: 24 December, 2020

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Alternative Fuels

Singapore: MPA issues circular on resolutions adopted at IMO MSC 109

New circular informs shipping community of the resolutions, including on use of ammonia cargo as bunker fuel, and urges the shipping community to prepare for the implementation of these resolutions.

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The Maritime and Port Authority of Singapore (MPA) on Monday (17 March) issued Shipping Circular No. 2 of 2025 regarding resolutions adopted by the 109th session of the Maritime Safety Committee (MSC 109) of the International Maritime Organization (IMO), which was held from 2 to 6 December 2024:

This circular informs the shipping community of the resolutions adopted by MSC 109 and urges the shipping community to prepare for the implementation of these resolutions.

MSC 109 adopted the following mandatory resolutions:

Resolution MSC.566(109) – Amendments to the International Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC Code)

This resolution adopts amendments to Chapter 16 of the IGC Code, mainly to allow the use of ammonia cargo as fuel. The amendments will enter into force on 01 July 2026 and will be given effect through the Merchant Shipping (Safety Convention) Regulations.

Resolution MSC.567(109) – Amendments to the International Code of Safety for Ships using Gases or other Low-flashpoint Fuels (IGF Code)

This resolution adopts amendments to IGF Code regarding ship design and arrangements; general pipe design; safety functions of the gas supply system; fire protection; hazardous area zones; and ventilation requirements. The amendments will enter into force on 01 January 2028 and will be given effect through the Merchant Shipping (Safety Convention) Regulations.

MSC 109 also adopted the following resolutions:

Resolution MSC.568(109) – Amendments to the Revised recommendation on testing of life-saving appliances (resolution MSC.81(70))

This resolution adopts amendments to Part 1- Prototype Test for Life-saving Appliances, for self-righting test requirements of totally enclosed lifeboats, under paragraph 6.14.1.1 of the Revised recommendation on testing of life-saving appliances (resolution MSC.81(70)).

Resolution MSC.569(109) – Performance standards for the reception of maritime safety information and search and rescue related information by MF and HF digital navigational data (NAVDAT) system

This resolution adopts the Performance standards for the reception of maritime safety information and search and rescue related information by MF and HF digital NAVDAT system.

Resolution MSC.509(105)/REV.1 – Provision of radio services for the Global Maritime Distress and Safety System (GMDSS)

This resolution adopts the revised Recommendation on provision of radio services for the GMDSS, the Criteria for use when providing shore-based digital selective calling (DSC) facilities for use in the GMDSS, the Criteria for establishing GMDSS sea areas, the Criteria for use when providing a NAVTEX service and the Criteria for use when providing a NAVDAT service, set out in annexes 1 to 5, respectively, to the resolution. This resolution revokes resolution MSC.509(105).

Resolution MSC.570(109) – Performance standards for a universal shipborne Automatic Identification System (AIS)

This resolution adopts the revised Performance standards for a universal shipborne AIS, recognising the need for measures to prevent unauthorised entry or tampering of the ship's identity information in shipborne AIS.

Any queries relating to this circular should be directed to MPA Shipping Division via email at [email protected]

 

Photo credit: Maritime and Port Authority of Singapore
Published: 18 March, 2025

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Business

Singapore-based AET appoints Nick Potter as new President and CEO

Potter, who assumes the CEO role from Zahid Osman, also assumed the role of Vice President, Petroleum & Products at MISC Group, joining the MISC Executive Leadership Team.

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Singapore-based AET appoints Nick Potter as new President and CEO

Singapore-headquartered AET, MISC’s petroleum arm, on Monday (17 March) announced the appointment of Nick Potter as the new President and Chief Executive Officer (CEO) of the company. 

Potter also assumed the role of Vice President, Petroleum & Products at MISC Group, joining the MISC Executive Leadership Team. 

With over 35 years of experience in the maritime and energy sectors, Potter has led commercial, technical, and operational teams across the globe. He previously served as Head of Shipping and Maritime for Asia, Pacific, and the Middle East at Shell, and before that, as Global Head of Maritime at BG Group. 

His career began at sea as an Engineering Officer, before progressing through various roles at Shell and BG, giving him deep expertise in maritime logistics and the tanker business. 

Beyond his leadership roles, Potter is a strong advocate for energy transition, maritime talent development, and seafarer welfare. He has actively contributed to key industry bodies, including OCIMF, the Singapore Maritime Foundation, and the International Chamber of Shipping's Clean Energy Marine Hubs Task Force. 

Outgoing CEO Zahid Osman welcomed Potter in a symbolic leadership handover at AET’s headquarters, marking a new chapter in our journey. 

“As Zahid takes on his expanded leadership role as President & Group CEO at MISC, we look forward to continuing our close collaboration as part of MISC Group,” AET added.

 

Photo credit: AET
Published: 18 March, 2025

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AAL Shipping names methanol-ready multipurpose heavy lift vessel in China

Singapore-based AAL Shipping says it held a naming ceremony for “AAL Dubai” – a multipurpose heavy lift vessel that is methanol-ready – at CSSC Huangpu-Wenchong Shipyard in Guangzhou.

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AAL Shipping names methanol-ready multipurpose heavy lift vessel in China

Singapore-headquartered project heavy lift carrier AAL Shipping (AAL) on Thursday (13 March) said it held a formal naming ceremony for its fifth Super B-Class vessel, AAL Dubai

The 32,000 dwt AAL Dubai – a multipurpose heavy lift vessel that is methanol-ready – was officially named on March 12 at the CSSC Huangpu-Wenchong Shipyard in Guangzhou, China.

The AAL Dubai is engineered to transport a vast array of cargo, including heavy lift project equipment, breakbulk, and dry bulk, all on a single voyage. With a combined lifting capacity of 700 tonnes, this vessel is designed to offer high efficiency, cargo flexibility, and economies of scale to shippers worldwide.

The vessel will now embark on its maiden voyage, joining sister vessels AAL Limassol, AAL Hamburg, AAL Houston, and AAL Antwerp in serving project cargo customers across Asia, Europe, the Middle East, and the Americas.

“We are now over the halfway mark with our Super B-Class deliveries, and those already in service are exceeding our expectations,” said Liew Teck Liong, Chief Financial Officer at AAL.

“With these vessels, we have achieved both company and industry firsts, and we look forward to redefining what a heavy lift, multipurpose vessel can accomplish as we deploy them for complex cargo challenges.”

Later this year, AAL will take delivery of the AAL Dammam, which will be shortly followed by the AAL Newcastle and AAL Mumbai that have an increased maximum heavy lift capability of 800 tonnes.

 

Photo credit: AAL Shipping
Published: 18 March, 2025

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