An online creditors meeting of the defunct Ocean Tankers Tuas Terminal has been scheduled to be held on Wednesday (30 December), according to a Tuesday (22 December) notice posted by liquidator AAG Corporate Advisory on the Government Gazette.
The purposes of the meeting will be as follows:
Related: Singapore: Ocean Tankers Tuas Terminal to undergo voluntary wind up
Photo credit: drew-beamer
Published: 24 December, 2020
Green vessels are high-risk due to maintenance expenses and rising shipping rates, but present great benefit.
According to the notice published in the Government Gazette, creditors are to refer to details on the cover letter sent to creditors on Monday, 21 December.
‘We will continue to review and adopt a multi-pronged approach to uphold Singapore as a trusted and quality bunkering hub,’ states Chee Hong Tat in opening address.
Ocean Queen, was the first tanker transferred over to V.Group’s management team and the remaining vessels will follow in the coming weeks.
‘Stanley brings a great depth of scientific and engineering knowledge and expertise,’ says Group Managing Director.
Bunkering of the tanker was carried out in conditions of limited visibility and low temperature of up to -24 C.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
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Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
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