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Shell Singapore oil heist: Breakdown of stolen oil cargoes

A total of approximately 10,360 mt of MGO amounting to $4.52 million has been accounted for so far.

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Court documents show a total of approximately 10,360 metric tonnes (mt) of marine gas oil (MGO) amounting to SGD $5.99 million ($4.52 million) being stolen from Singapore Shell Bukom to date.

The stolen oil was loaded onto three tankers, namely Prime South, Sentek 26 and MT Gaea, which travelled over Asia over the last three months, according to Thomson Reuters.

Investigations showed the theft occurring over a period of three and a half months during normal working hours of the refinery.

Reuters provided a breakdown of the incident dates, volume of gasoil stolen and value of the product:

  • October 2, 2017 // 1,131 mt // SGD $765,273
  • October 23, 2017 // 1,276 mt // SGD $863,385
  • November 11, 2017 // 300 mt // SGD $165,000
  • November 14, 2017 // 846 mt // SGD $465,520
  • November 21, 2017 // 2,322 mt // SGD $1,277,430
  • December 31, 2017 // 1,076 mt // SGD $592,295
  • December 31, 2017 // 1,348.8 mt // SGD $736,444.80
  • January 5, 2017 // 801.86 mt // SGD $437,815.56
  • January 7, 2017 // 1,260 mt // SGD $687,960

Related: Intertek Singapore employee among Shell oil heist suspects
Related: Shell Singapore oil heist update: More individuals charged
Related: Shell Singapore oil heist: Shipowner should have conducted a charterer check
Related: Fuel syndicate busted at Singapore Shell Bukom

Published: 17 January, 2018
 

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Winding up

Singapore: Annual general meetings scheduled for Xihe Holdings subsidiary

Annual general meetings will be held on 26 April for Xin Bo Shipping to receive an update on firm’s liquidation, according to Government Gazette notice.

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RESIZED Jo_Johnston from Pixabay

A notice was published on the Government Gazette on Thursday (11 April) regarding the annual general meetings to be held on 26 April for Xihe Holdings subsidiary Xin Bo Shipping (Pte) Ltd.

Annual general meetings for Xin Bo Shipping are to be held at the following times:

For the company: 2pm
For the creditors: 3pm

The agenda for all the meetings are:

  1. To receive an update on the liquidation.
  2. To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The following are the details of the liquidator:

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

Xihe Holdings Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

Related: Singapore: Xihe Holdings subsidiaries Xin Bo Shipping, An Guang Shipping to be wound up
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: Jo_Johnston from Pixabay
Published: 12 April 2024

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Crime

Malaysia: MMEA seizes tugboat and tanker lorry for illegal fuel transfer

MMEA successfully apprehended a Myanmar national who was captain of ship and four crew members comprising two Indonesians, one Myanmar national and a local citizen, as well as a tanker lorry driver.

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Malaysia: MMEA seizes tugboat and tanker lorry for illegal fuel transfer

The Tawau Malaysian Maritime Enforcement Agency (MMEA) on Tuesday (9 April) detained a tugboat and a tanker lorry that were found to be carrying out an illegal fuel transfer in the waters of Tanjung Batu, Tawau.

MMEA Tawau Zone Director Shahrizan Raman said patrol boats received information from Tawau Maritime Zone intelligence unit regarding the operation at Komsa Tanjung Batu jetty at around 2.10 am.

Patrol boats that arrived at the scene found a tanker lorry on the jetty transferring about 10,000 litres of fuel to a tugboat.

Malaysia: MMEA seizes tugboat and tanker lorry for illegal fuel transfer

During the raid, MMEA successfully apprehended a Myanmar national who was the ship captain and four crew members comprising two Indonesians, one Myanmar national and a local citizen. The tanker lorry driver, a local, was also arrested in the operation.

All suspects were men and aged 32 to 57 years. MMEA added an inspection of their documents found no authorisation permits related to the fuel transfer activity.

MMEA said the boat and tanker lorry were seized with their fuel cargo before being escorted to the Tawau Maritime Zone Jetty for further investigation.

Malaysia: MMEA seizes tugboat and tanker lorry for illegal fuel transfer

The value of the seized items and fuel was estimated to be almost MYR 250,000.

This case is being investigated under the Customs Act 1967, Control of Supplies Act 1961 and Petroleum Development Act 1974. 

 

Photo credit: Malaysian Maritime Enforcement Agency
Published: 15 April 2024

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Winding up

Singapore: White Flag Ventures XXXIII to undergo voluntary wind up

A liquidator was appointed for the company at an extraordinary general meeting held on 28 March, according to Government Government notice.

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RESIZED Drew Beamer

Several resolutions for White Flag Ventures XXXIII Pte Ltd were made during an extraordinary meeting held on 28 March, according to a post in the Government Gazette on Thursday (4 April).

The meeting was held at 10 Collyer Quay, #29-01/05 Ocean Financial Centre, Singapore 049315.

The duly passed resolutions were:

As Special Resolutions

  • That the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.That pursuant to Sections 177(1)(a) and 177(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018, the Liquidator be and is hereby authorised to exercise any or all of the powers given to a Liquidator by Sections 144(1)(b), (c), (d), (e), (f), (g) and 144(2) of the Insolvency, Restructuring and Dissolution Act 2018.
  • That the appointed Liquidator be and is hereby authorised to divide all or such part of the surplus assets of the Company as he shall think fit among the shareholders of the Company in specie or otherwise, in accordance with their existing rights and interests.

As Ordinary Resolutions

  • That Mr Ng Hoe Kiat Keith c/o 7500A Beach Road, #05-303/304 The Plaza, Singapore 199591 be and is hereby appointed as Liquidator for the purpose of winding-up.
  • That the remuneration of the Liquidator be based on his normal scale of professional fees plus disbursements and that the Liquidator’s fees be paid out of the assets of the Company.

 

Photo credit: Drew Beamer
Published: 9 April 2024

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