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:
COMPANIES ACT (CHAPTER 50)
NOTICE TO PROVE DEBT OR CLAIM FOR PUBLICATION
|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
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.