Connect with us

Business

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.

Admin

Published

on

benjamin child GWe0dlVD9e0 unsplash

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

Continue Reading

Business

VPS introduces new General Manager for Middle East and Africa

Dirk de Bruyn brings experience from Rio Tinto, Shell and recently TotalEnergies, and a range of local, regional and global oil, gas and energy roles across four continents.

Admin

Published

on

By

Dirk de Bruyn, General Manager for Middle East and Africa, VPS

Maritime decarbonisation advisory services company VPS on Monday (11 November) announced the appointment of Dirk de Bruyn as the company’s new General Manager for Middle East and Africa.

In this role, Dirk will advance VPS’s business within the region with both new and existing key clients. He will be critical to the growth of both the traditional businesses of marine fuels testing and advisory as well as playing a key role of decarbonisation of the maritime industry.

With experience gained at Rio Tinto, Shell and recently TotalEnergies, and a range of local, regional and global roles across four continents in international oil, gas and energy, Dirk brings extensive experience and knowledge in the energy transition space.

Using his extensive knowledge gained in bunker fuel and lubricants, both from a supplier and end-users’ perspective, Dirk previously led a global team focused on energy transition and decarbonisation.

“The maritime industry is changing quickly with ambitious emissions targets and decarbonisation requirements driving the introduction of new technologies and fuels into the market,” said Dr. Malcolm Cooper, CEO of VPS.

“In this dynamic landscape, we are very pleased to have Dirk on board to help VPS customers optimise their operations by understanding which new fuels to use and how to adapt to these sustainable business drivers and meet new regulations.

Dirk noted: “Whilst the industry is rightfully focussed on the path towards Net Zero, we must ensure we do not take our eye off the ball on the operational risks posed by traditional fuels.”

“Energy Transition and the path towards Net Zero is an evolving landscape. With the change in fuel types and the introduction of future fuels, it is important to provide advice and guidance to our customers whilst taking into consideration the differences in legislations.

“VPS leads the way with their technology in biofuels as well as methanol testing which is a key component to reducing our clients emissions and helping them in their journey towards Net Zero. I am excited to be part of this journey with VPS’ with an industry who is focussed on fuel transition.

“With over forty years of knowledge and experience in the marine industry, and a wide range of advanced Digital Decarbonisation platforms such as PortStats, Maress, BOND and Emsys, I have found that our team is filled with experience and determination and I look forward to adding mine into the mix.”

 

Photo credit: VPS
Published: 13 November 2024

Continue Reading

Business

Bunker fuel trading firm Shipergy achieves International Sustainability and Carbon Certification

ISCC certification assures Shipergy’s marine fuel offerings meet sustainability, GHG reduction, and traceability standards – aligning with upcoming FuelEU Maritime.

Admin

Published

on

By

Resized Shipergy logo

London-based provider of marine fuel solutions Shipergy on Monday (11 November) said it has achieved International Sustainability and Carbon Certification (ISCC).

The ISCC certification provides assurance that Shipergy’s fuel offerings meet rigorous sustainability, greenhouse gas (GHG) reduction, and traceability standards – aligning with the EU’s upcoming FuelEU Maritime regulation effective 1 January 2025.

This regulation mandates progressive reductions in GHG intensity across all energy sources used by ships within EU waters. By achieving ISCC certification, Shipergy is now positioned to help its customers meet these regulatory standards while supporting the broader decarbonisation of the maritime sector.

“Achieving ISCC certification is a testament to Shipergy’s dedication to advancing sustainable practices in the maritime industry,” said Daniel Rose, CEO of Shipergy.

“With FuelEU Maritime on the horizon, we are proud to offer our customers a reliable source of certified sustainable fuels, enabling them to navigate the changing regulatory landscape confidently and responsibly.”

Related: Marine fuel trading firm Shipergy secures USD 15 million credit facility with DNB Bank
RelatedShipergy to set up new Singapore regional hub in major recruitment drive
RelatedSignal Group launches tech enabled bunker procurement company Shipergy
RelatedShipergy reports more than 60 bunker procurement transactions since launch
RelatedShipergy to leverage OpenAI’s ChatGPT in AI-powered, bunker fuel market report

 

Photo credit: Shipergy
Published: 13 November 2024

Continue Reading

Battery

Yinson GreenTech and Zeabuz to develop autonomous, remote-controlled electric marine vessels

Collaboration aims to integrate Zeabuz’s hardware and proprietary software algorithms into Yinson GreenTech’s marinEV fleet of electric vessels.

Admin

Published

on

By

Yinson GreenTech and Zeabuz to develop autonomous, remote-controlled electric marine vessels

Yinson GreenTech and autonomous maritime technology company Zeabuz have signed a Letter of Intent to integrate autonomous and remote-control capabilities into Yinson GreenTech's fleet of marine electric vessels.

This collaboration was formalised at the Singapore Norway Innovation Conference on 6 November. It marked a significant step towards decarbonising Singapore's maritime industry by combining the power of electrification and autonomous maritime operations.

The collaboration aims to deliver more efficient marine solutions by integrating Zeabuz's hardware and proprietary software algorithms into Yinson GreenTech's marinEV fleet of electric vessels.

Critically, by combining autonomous driving technology with electric marine vessels, this collaboration will address the maritime industry's long-term manpower challenges. It will reduce the number of crew members required onboard, making maritime operations more efficient.

Additionally, it will enhance the attractiveness of maritime jobs by introducing new, knowledge-based skillsets like artificial intelligence, machine learning, and remote operations. This aligns with the Maritime and Port Authority of Singapore's (MPA) Industry Transformation Map, particularly its focus on digitalisation.

“To fulfil Yinson GreenTech's broader vision of building a net-zero world, marinEV believes in harnessing the power of sustainable innovation through strategic partnerships," said Jan-Viggo Johansen, Managing Director of marinEV.

“Our collaboration with Zeabuz marks a significant step towards accelerating the adoption of autonomous solutions, which will not only enhance the safety and efficiency of maritime operations but also significantly reduce our environmental impact on waterways.”

“By combining the power of electrification, onboard autonomy, and remote supervisory control, we are laying a strong foundation for the future of sustainable maritime operations,” said Øyvind Smogeli, CEO and Co-Founder of Zeabuz.

“We are excited to deepen our collaboration with Yinson GreenTech to build a future of sustainable, technology-driven marine transport.”

 

Photo credit: Yinson GreenTech
Published: 12 November 2024

Continue Reading
Advertisement
  • SBF2
  • Aderco advert 400x330 1
  • v4Helmsman Gif Banner 01
  • RE 05 Lighthouse GIF
  • Consort advertisement v2
  • EMF banner 400x330 slogan

OUR INDUSTRY PARTNERS

  • Singfar advertisement final
  • SEAOIL 3+5 GIF
  • 102Meth Logo GIF copy
  • HL 2022 adv v1
  • Triton Bunkering advertisement v2


  • Kenoil
  • E Marine logo
  • CNC Logo Rev Manifold Times
  • PSP Marine logo
  • Mokara Final
  • Synergy Asia Bunkering logo MT
  • Central Star logo
  • Auramarine 01
  • 300 300
  • pro liquid
  • Headway Manifold
  • Advert Shipping Manifold resized1
  • 400x330 v2 copy
  • VPS 2021 advertisement

Trending