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Ocean Tankers: Notice to prove debt or claim published by interim judicial managers

27 May 2020

A notice to creditors for proving their respective debt or claim from Singapore-based energy transportation firm Ocean Tankers (Pte) Ltd (OTPL) has been recently published by its Joint and Several Interim Judicial Manager.

The notice posted at the Singapore Government Gazette on Tuesday (26 May, 5pm Singapore time) is as follows:



Name of Company: Ocean Tankers (Pte) Ltd (Interim Judicial Managers Appointed By Court) (the “Company”)
Company No.: Singapore UEN No. 197800020G
Address of registered address of office of above-named company: 37 Tuas Road, Singapore 638503
Number of Matter: HC/OS 452/2020
Last day for receiving proofs: 9 June 2020
Name of Interim Judicial Managers: Ee Meng Yen Angela and Purandar Janampalli Rao

The Joint and Several Interim Judicial Managers

Address: c/o Ernst & Young LLP of One Raffles Quay, North Tower Level 18, Singapore 048583


London-based multinational professional services firm Ernst & Young LLP was appointed by the High Court of Singapore to act as Interim Judicial Managers of OTPL on 12 May.

Manifold Times earlier reported the Director of OTPL stating his reasons why he believed OTPL should be placed in judicial management even though its level of business may not return to similar levels before COVID-19.

An earlier collection of articles preceding the current development are as follows:

Related: ‘Reasonable prospects’ to keep Ocean Tankers as a going concern, states Director
Related: Singapore: Ocean Tankers, a separate entity of Hin Leong, seeking judicial management
Related: Singapore High Court concedes interim judicial management to Hin Leong Trading
Related: Report: Hin Leong Trading appoints PwC as interim judicial manager
Related: Singapore’s Police Force commence investigations into Hin Leong Trading
Related: Sembcorp Cogen aborts gasoil supply and storage contract with Hin Leong Trading
Related: Winson Group and ZenRock Commodities reassure fiscal stability despite Hin Leong fiasco
Related: Report: Sinopec expresses interest in Hin Leong Trading stake of Universal Terminal
Related: Report: Hin Leong Trading founder gave instructions to hide USD 800 million losses
Related: Singapore: Ocean Bunkering Services to discontinue marine fuel deliveries
Related: Hin Leong in debt restructuring exercise; Ocean Tankers a separate entity, says CEO
Related: Report: Hin Leong Trading finances under scrutiny, amid credit pull from two banks

Photo credit:
Manifold Times 
Published: 27 May, 2020

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