Provisional liquidators from Grant Thornton Singapore Private Limited on Friday (18 February) issued notices on the Government Gazette for creditors meetings related to two Xihe Holdings Pte Ltd subsidiaries.
Directors of An Guang Shipping and Xin Bo Shipping on 27 and 28 January respectively declared the companies’ inability to continue business due to current liabilities.
As such, electronic meetings of creditors for An Guang Shipping and Xin Bo Shipping have been arranged for 25 February.
The purpose of the meetings are as follows:
A copy of the detailed agenda for the meeting of creditors of An Guang Shipping and Xin Bo Shipping has been circulated to all known creditors of the Company via registered post and email.
Any creditor of the companies who has not received the detailed agenda by this date is invited to contact representatives Ms. Gwee Hui Fang (huifang.gwee@sg.gt.com) and Ms. Ashley Shanti (ashley.shanti@sg.gt.com) where upon satisfactory verification, a copy of the detailed agenda will be provided.
Related: Singapore: Creditors to file debt claims for Xin Bo Shipping by 14 June
Related: Xihe Holdings subsidiary Xin Bo Shipping placed under judicial management
Related: JMs of An Guang Shipping and other Xihe subsidiaries call for creditors meeting
Photo credit: steve pb from Pixabay
Published: 18 February, 2022
Vacuum Residue Desulfurisation Unit in Ulsan refinery, the largest in Korea, will be ready by July 2020.
Manifold Times provides a summary of the ‘Future Marine Fuels, Bunkering Standards and Infrastructure’ section of the 64-page document.
Captain of QB 91668 TS could not produce any invoices and documents proving the legality of oil cargo.
‘LNG is going to play a key role in the decarbonisation of maritime transport, in the medium term,’ states Anatoly Cherner, Board Deputy Chairman, Gazprom Neft.
JV firm provides a diverse range of maritime services in Sri Lanka which includes bunker fuel supply arrangement, Port Agency, Husbandry, and more.
To use LNG, scrubbers, and as the main solution, compliant fuels with 0.50% or 0.10% sulphur for compliance.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.
