Hong Kong-listed NewOcean Energy Holdings Limited (NewOcean) on Friday (21 May) said it has appointed Crowe (HK) CPA Limited as its new auditors.
Deloitte Touche Tohmatsu has resigned as the auditor of the NewOcean with effect from 29 April 2021 as the company and Deloitte could not reach a consensus on estimated timetable to complete the audit for the year ended 31 December 2020.
“The Board has resolved, on the recommendation of the audit committee of the Company, to appoint Crowe as the new auditor of the Company, to fill the causal vacancy following the resignation of Deloitte and to hold office until the conclusion of the next annual general meeting of the Company,” it states.
The development has led to the board at NewOcean organising a Special General Meeting (SGM) to be held on 16 June.
“The Board believes that the completion of annual audit of the Group for year ended 31 December 2020 will not be affected if the proposed ordinary resolution to confirm the appointment of new auditor is duly passed by Shareholders at the SGM.”
Related: NewOcean creditor scheme meeting dates at courts now ‘unrealistic’; delayed till further notice
Related: NewOcean auditors resign due to significant outstanding documents & information
Related: NewOcean revises creditor scheme meeting dates at Hong Kong, Bermuda Courts due to ‘substantial’ amendments
Related: NewOcean records USD 304.3 million loss, portion of SG bunkering business to remain
Related: NewOcean Energy issues USD 304.8 million net loss warning ahead of FY 2020 results
Related: NewOcean proposal to adjourn court scheme meeting approved by creditors
Related: NewOcean creditors meeting application granted by Supreme Court of Bermuda
Related: NewOcean planning creditors meeting, foundation of debt restructuring plan laid out
Related: NewOcean records USD 174 million 1H 2020 loss; Singapore bunkering business remains
Related: NewOcean Energy publishes profit warning to shareholders ahead of 1H 2020 results
Related: NewOcean Energy records 66% bunker sales jump to 4.5 million mt in FY 2019
Photo credit: NewOcean Energy Holdings Limited
Published: 24 May, 2021
Creditors of K.S. Marine are required to submit particulars of their debts or claims in writing, by their solicitors or personally, on or before 30 November 2020.
Three-year credit facility with 12 banks include a funding capacity framework of up to US $2.5 billion.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
Sales of MDO saw a sharp 193% increase from Q1 2019 and LNG bunker sales reported a steady 190% rise on year, says port authority update.
Acquisition will enable firm to further strengthen its position in the Dutch and adjacent markets.
‘POSCO is the only Korean steelmaker who can produce steel exclusively designed for scrubbers,’ it states.
On 5th June 2021, VPS carried out a Remaining On Board (R.O.B.) survey on board a Singapore-registered bunker tanker at short notice by the Charterer and quickly identified the theft of 98 metric tons of bunker fuel.
The Bunkerchain Pte Ltd and Helmsman LLC sponsored event will be moderated by Gabian Chew, Senior Editor of Singapore bunkering publication Manifold Times.
No quarantine required if vessels have not called at Brazil, India, Nepal, Pakistan, the Philippines and South Africa during the 21 days prior to arrival at Hong Kong port, according to Marine Department notice.
CCIC discuss the progression of MFM technology for bunkering at Singapore port with Manifold Times; and possible development of a primary facility for MFM calibration.
‘The acquisition of PGI Industries will enhance VPS’ preventative maintenance services offered to the power sector, increasing protection and sustainability of the asset,’ says Malcolm Cooper, CEO, VPS.
A foreign vessel was involved in an alleged unauthorised STS incident with bunker tanker Pearl Melody on 5 June, Director and General Manager of Consort Bunkers tells Manifold Times.
14 Jun 2021
