A notice to declare dividend of International Energy Group Pte. Ltd to its creditors has been posted on Friday (20 January) on the Government Gazette.
Following details of the notice of dividend are as follows:
Name of Company: International Energy Group Pte. Ltd
Unique Entity No.: 201424056H
Address of Registered Office: C/o 1 Raffles Place #04-61, One Raffles Place Tower 2, Singapore 048616
Last Day of Receiving Proofs: 3 February 2023
Name of Liquidators: Kon Yin Tong, Aw Eng Hai, Joint & Several Liquidators
Address: c/o Foo Kon Tan LLP, 1 Raffles Place #04-61, One Raffles Place Tower 2, Singapore 048616
An intention to dispose Singapore-headquartered IEG, which trades mainly in gas oil and fuel oil, was made on March 2019 due to a change in company direction of parent firm New Silkroutes Group.
Related: Singapore: Final creditors meeting scheduled for IEG subsidiary TXZ Tankers
Related: Singapore: Liquidator of IEG subsidiary TXZ Tankers issues notice of intended dividend
Related: Singapore: International Energy Group to be wound up; calls for creditors meeting
Related: Singapore: Gas oil, fuel oil trading firm IEG disposed for $10 million
Photo credit: Drew Beamer
Published: 25 January, 2023
Production of fuel oil for the export market, especially bunker streams and LSFO, reached an average of 295 kbpd in Q1 2020, an 18.5% increase from 4Q 2019.
Former Regional Marine Manager of BP Singapore issued penalty of SGD 6 million; he faces an additional 28-month imprisonment term if penalty is not paid, says Judge.
Firm combined solid oxide fuel cell with a novel carbon capture and storage system, enabling a vessel to use its captured CO2 and green hydrogen to synthesise e-methanol.
The Johor Port Authority makes a decision to allow only Malaysia-registered ships to offer bunkering and other types of marine services at Johor state ports.
Bunkering staff will be performing VLSFO and MGO DMA deliveries by bunker barge, says Paula Georgopoulos Tinoco, Marine Business Development Coordinator.
Helmsman LLC lawyers discuss pausing of LC payment, what it means for parties buying ships from companies of a group affected by fraud allegations, and trafficking in spent bills of lading.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.
