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Kairos Oil Trading makes claim against “Bravely Sincerity” over cargo delivery

Seeks approximately USD 1.3 million due to losses from tanker transporting 95,000 bbl gasoil cargo breaking down twice while en route from Malaysia to The Philippines.
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Published

6 years ago

on

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Singapore-based Kairos Oil Trading Pte Ltd. (KOT) has initiated a claim totalling approximately USD 1.3 million against the owner and/or demise charterer of the vessel Bravely Sincerity at the High Court of the Republic of Singapore on 21 November 2019.

The firm on 2 November 2018 chartered the 14,497 dwt tanker from a Singapore company to ship 95,000 barrels of 0.005% sulphur gasoil from the Port of Tanjung Pelepas, Malaysia to Davao, The Philippines to its customer, according to court documents obtained by Manifold Times.

On 9 November 2018 while en route to its destination, the engine room of the vessel caught on fire leading to Bravely Sincerity being towed back to Singapore for repairs.

The vessel returned back to service and proceeded to sail to Davao on 27-28 December 2018; however, it encountered problems with its machinery and needed to sail back to Singapore again for repairs.

As such, the Bravely Sincerity could not deliver its gasoil cargo to Davao, The Philippines.

Additionally, KOT had to purchase a bridging cargo in order to satisfy its contractual obligations to the buyer due to the interruptions. The buyer also rejected the vessel for delivery at any of its terminals.

The Bravely Sincerity was eventually repaired and subsequently returned back to service after successful sea trials on 10 February 2019.

The original cargo carried by the vessel was transferred to another ship at Nipah, Indonesia on 22 February 2019 and later sold at a loss of USD 953,019.14 to another buyer due to the difference between the purchase and eventual sale price.

KOT also incurred costs and expenses amounting to USD 203,503.90 from financing of the original cargo during the entire period from purchase to sale.

Including other costs and expenses, such as surveyor fees and STS operation of the original cargo in Indonesia, KOT calculated its total loss and damage to be approximately USD 1.3 million.

Photo credit: Manifold Times
Published: 31 December, 2019
 

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Winding up

Singapore: Final meeting scheduled for Tiger LNG Shipping Pte Ltd

Meeting will be held on 29 June at 190 Middle Road #17-05 Fortune Centre Singapore 188979 to hear any explanation that may be given by the liquidator, according to Government Gazette notice.
Admin

Published

2 days ago

on

June 2, 2026

By

RESIZED Jo_Johnston from Pixabay

The final meeting for Tiger LNG Shipping Pte Ltd has been scheduled to take place on 29 June, according to the company’s liquidators on a notice posted on Friday (29 May) on the Government Gazette.

The meetings will be held at 10.30am at 190 Middle Road #17-05 Fortune Centre Singapore 188979. 

The meeting is being held for the purpose of having an account laid before the meeting showing the manner in which the winding up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the liquidator.

The following are the details of the liquidator:

LUM CHI LUP BENNY
c/o 190 Middle Road
#17-05 Fortune Centre
Singapore 188979

 

Photo credit: Jo_Johnston from Pixabay
Published: 2 June, 2026

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Winding up

Singapore: Annual general meetings scheduled for Xin Guang Shipping and An Xing Shipping

Annual general meeting of the company and creditors for An Xing Shipping and Xin Guang Shipping will be held by electronic means on 11 June and 12 June respectively.

Admin

Published

7 days ago

on

May 28, 2026

By

Resized benjamin child

Several notices were published on the Government Gazette on Tuesday (26 May) regarding the annual general meetings of the companies and creditors to be held electronically from 5 to 6 May for Xin Guang Shipping Pte Ltd and An Xing Shipping Pte Ltd. 

Annual general meeting for Xin Guang Shipping are to be held on 12 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

Annual general meeting for An Xing Shipping are to be held on 11 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

The agenda for all the meetings are:

  • To receive an update on the liquidation.
  • To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The following are the details of the liquidator: 

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

 

Photo credit: Benjamin Child
Published: 28 May, 2026

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Winding up

Singapore: Notice of intended dividend issued for Xihe Capital Pte Ltd

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.
Admin

Published

1 week ago

on

May 25, 2026

By

RESIZED Drew Beamer

A notice to declare the intended dividend of Xihe Capital Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (15 April).

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

The following are the details of the notice of intended dividend:

Name of Company : XIHE CAPITAL (PTE.) LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION)

Unique Entity No. / Registration No. : 201727410K

Address of Registered Office : 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

Last Day for Receiving Proofs : 5 June 2026

Name of Liquidator : TAM CHEE CHONG

Address : c/o 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

 

Photo credit: Drew Beamer
Published: 25 May, 2026

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