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Matrix Marine Fuels Pte Ltd decides to undergo voluntary liquidation

08 Mar 2021

Two notices were published in the Government Gazette on Friday (5 March) regarding the voluntary liquidation of Matrix Marine Fuels Pte Ltd.

According to the first notice, the following resolutions were passed on Friday, 26 February regarding the voluntary liquidation process:  

  1. That the company be wound up voluntarily pursuant to the Insolvency, Restructuring and Dissolution Act 2018.
  2. Lai Seng Kwoon, care of 16 Raffles Quay #22-00, Hong Leong Building, Singapore 048581, is appointed as the sole Liquidator of the company for the purpose of the winding up process.
  3. The Liquidator is hereby authorised to exercise any or all of the powers pursuant to Sections 144(1)(b), (c), (d), (e), (f) and (g) of the Act.
  4. The Liquidator is authorised to distribute either in cash or in specie to the contributory any part or all of the surplus assets of the company.
  5. The books and papers of the company and those of the Liquidator shall be retained for a period of 5 years from the date of dissolution and may be destroyed or otherwise disposed of at the Liquidator’s discretion at any time after the expiration of that period.

In the second notice, the Liquidator called for creditors of Matrix Marine Fuels to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the Liquidator by Monday, 5 April.

If required, creditors or their solicitors may be notified to come in and prove their debts or claims at a time to be specified, or they will be excluded from the benefit of any distribution made before such debts are proved.

As previously reported by Manifold Times, Matrix Marine Fuels Pte Ltd is a subsidiary of Mabanaft, the trading division of Hamburg-based independent energy supply, trading and logistics group Marquard & Bahls (M&B), which oversees operations of bunkering firms Bomin and Matrix Marine.

Matrix Marine Fuels was ranked the 23rd largest bunker supplier at Singapore port by volume in 2018 but left the list of Singapore accredited bunker suppliers in May 2019.

The published contact details for the Liquidator are:

Lai Seng Kwoon
Sole Liquidator
c/o 16 Raffles Quay
#22-00 Hong Leong Building
Singapore 048581

Coverage on the events that led to Matrix Marine Fuels’ exit is available from the search result here.

Related: Matrix Marine Fuels Pte Ltd leaves Singapore bunker supplier list


Photo credit: Drew Beamer

Published: 8 March, 2021

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