Japan’s largest trading company Mitsubishi Corporation (MC) has started operations to close down Petro-Diamond Singapore (Pte) Ltd. (PDS), learns Singapore bunkering publication Manifold Times.
An Extraordinary General Meeting of PDS was held on 26 November where it was decided the company will be wound up voluntarily, according to a Friday (4 December) notice published on the Singapore Gazette.
Deloitte Singapore has been appointed as the liquidator of PDS; the notice reads:
Notice is hereby given that the creditors of the above-named company, which is being wound up voluntarily, are required, on or before the 5th day of January 2021 to send in their names and addresses, with particulars of their debts and claims, and the names and addresses of their solicitors (if any) to the undersigned, the liquidator of the said company, and if so required by notice in writing by the said liquidator, are, personally or by their solicitors, to come in, and prove their said debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.
Dated this 4th day of December, 2020
Lau Chin Huat
c/o 6 Shenton Way, OUE Downtown 2, #33-00
During September 2019, MC confirmed a loss of approximately USD 320 million from PDS’ trade of crude oil derivatives. It later terminated the employment of an employee and lodged a police complaint against the employee on 19 September.
An announcement was later made by MC in early November 2019 that it will be liquidating PDS.
OctamarTM HF-10 Plus was subjected to tests conducted at a third party lab by SGS Testing and Intertek in Singapore under the supervision of ClassNK earlier this year, according to spokeswoman.
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.
Sing Fuels claiming over total 1,049.29 metric tonnes of 380 centistokes bunker fuel delivered to bulk carrier Lila Shanghai at Port Elizabeth, South Africa in July 2019, according to court documents.
Reserve Stability Number results are ‘questionable’ as almost all additives targeting asphaltene management show effectiveness in the test, says spokesman.
Singfar International partnering Lianyungang Shenghua Shipbuilding to deliver 7,000 dwt DF bunker tankers from 2023 to support decarbonisation of the Singapore maritime industry.
GSM awarded USD 1.85 million as well as SGD 5,800; Judge finds SFM Director ‘ungrateful and dishonest in his dealings with Bernard and the plaintiff,’ according to Court Judgement seen by Manifold Times.