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
Sabrina Chao has been in the shipping industry since 2001 and joined the family business – Wah Kwong Maritime Transport Holdings Limited in 2002.
Attending creditors may send any questions or other substantial and relevant matters they wish to raise at the meeting by way of email by 19 May.
Vessels previously going to ARA ports would not consider bunkering elsewhere; however, it is now recommended to check the price at alternative ports.
China’s bonded bunker fuel sales continued to rise in August as bonded bunker fuel demand improved and supply from Zhoushan and Shanghai grew, JLC data showed.
Ships have been developed to meet oil companies’ current and future offshore logistics needs, setting a new standard for North Sea platform supply vessels.
Singapore VLSFO supply looks tight into February; HSFO380 tight amid pending resupply in Zhoushan; Fujairah recovers after weather disruptions.
Glander International Bunkering (Norway) AS seeking payment of USD 115,963.52 (not including contractual compensation and interests) from the vessel’s demise charterer, according to court documents.
“In TotalEnergies, we already have projects along the e-Fuel value chain, from green electricity and green / blue hydrogen to e-Fuel production that will be integrated along the marine fuels value chain in time to come,” shares Louise Tricoire.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
