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Singapore: Brightoil bunker creditor list growing with new firms

Global Energy Trading, Consort Bunkers, and NewOcean Fuel submitting applications at court on Friday.

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The creditor list of Brightoil Petroleum (S'pore) Pte Ltd (Brightoil), the Singapore subsidiary of Hong Kong listed Brightoil Petroleum (Holdings) Limited is expected to grow.

Bunkering firms Global Energy Trading Pte Ltd and NewOcean Fuel (Singapore) Pte Ltd will be submitting respective applications for claims at the High Court of Singapore on Friday (14 December).

Consort Bunkers Pte Ltd, meanwhile, is coming in as an intervener to join the ongoing litigation for claims.

It is unclear how much the above parties are seeking from Brightoil.

Toyota Tsusho Corporation, Petrolimex Singapore Pte Ltd and Qatar National Bank are respectively seeking USD $21 million, over USD $30 million, and USD $21.59 million (totalling $72.59 million) from Brightoil.

Brightoil Petroleum Holdings Limited has stated it is working with a lead bank under the overall guidance and coordination lead by the People's Bank of China to formulate a package for financing and debt optimisation adjustment plans.

Related: Singapore: Toyota Tsusho Corporation seeking $21 million from Brightoil
RelatedSingapore: Petrolimex owed over USD $30 million by Brightoil
RelatedQatar National Bank seeks USD $21.59 million debt from Brightoil

Other relatedSingapore: Brightoil bunker tanker fleet placed under Sheriff’s arrest
Other relatedMedia clarification: Brightoil has settled Sea Trader International’s debt

Photo credit: Manifold Times
Published: 13 December, 2018
 

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Winding up

Singapore: Notice of preferential dividend issued for Asia-Pacific Shipyard

Creditors will need to submit proofs to liquidators of Asia-Pacific Shipyard Pte Ltd by 6 February, according to a Government Gazette notice.

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RESIZED Drew Beamer

A notice of preferential dividend for Otto Marine Limited, which is in liquidation, was published on the Government Gazette on Friday (9 September). 

The following are details of the notice:

Name of Company : Asia-Pacific Shipyard Pte Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No./Registration No. : 197300183MAddress of Registered Office : 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095

Last Day for Receiving Proofs : 6 February 2025

Name of Liquidators : Ng Kian Kiat and Yap Hui Li

Address of Liquidators : c/o RSM SG Corporate Advisory Pte. Ltd., 8 Wilkie Road #03-08, Wilkie Edge, Singapore 228095

 

Photo credit: Drew Beamer
Published: 24 January, 2024

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Winding up

Singapore: Liquidator of Vanda Marine Services issues notice of dividend

First and final dividend of company is payable from 23 January at Rock Stevenson Pte Ltd, 8 Burn Road, Trivex #16-12, Singapore 369977, according to Government Gazette notice.

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calculator steve pb from Pixabay

A notice was published in the Government Gazette on Thursday (22 January) regarding the first and final dividend to creditors of Vanda Marine Services Pte Ltd.

The following are details of the notice of dividend of the company:

Name of Company : Vanda Marine Services Pte Ltd(In Creditors’ Voluntary Liquidation)

Unique Entity No. / Registration No. : 201209660C

Address of Registered Office : 8 Burn Road, Trivex #16-12, Singapore 369977

Amount per centum : 23 per centum of all admitted ordinary claims

First and Final or otherwise : First and Final

When payable : 23 January 2025 onwards

Where payable : c/o Rock Stevenson Pte Ltd, 8 Burn Road, Trivex #16-12, Singapore 369977

Manifold Times previously reported several resolutions for Vanda Marine Services, including winding up the company voluntarily, were passed during an extraordinary meeting in March last year.

Related: Singapore: Vanda Marine Services liquidator issues notice of intended dividend
Related: Singapore: Liquidators arrange creditors meeting for Vanda Marine Services
Related: Singapore: Vanda Marine Services undergoes voluntary liquidation

 

Photo credit: steve pb from Pixabay
Published: 23 January, 2025

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Bunker Fuel

MPA: Sentek Marine & Trading bunkering licenses to expire on 3 February

Sentek will cease to be licensed from 3 February 2025 at 4pm and must not continue to operate as a bunker supplier and bunker craft operator within the Singapore Port, says MPA.

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RESIZED bunker tanker singapore

The Maritime and Port Authority of Singapore (MPA) on Monday (20 January) said the bunker supplier and bunker craft operator licences of Sentek Marine & Trading Pte Ltd (Sentek) will expire at 4pm on 3 February 2025.

“From 3 February 2025, 4pm, Sentek Marine & Trading Pte Ltd will cease to be licensed and must not continue to operate as a bunker supplier and/or bunker craft operator within the Singapore Port,” MPA said in Port Marine Circular No 2 of 2025. 

On 4 September 2024, MPA initially said it would not be renewing the bunkering licences of Sentek, which would expire on 17 September and the company would cease to be licensed on and from 18 September. 

However, later, MPA announced it has extended the bunkering licences of Sentek for a limited amount of time, “pending the final disposal of the appeals” by the company.

In late August last year, Manifold Times reported the General Division of the High Court dismissing an application from Sentek to quash MPA’s refusal to renew its bunker supplier and bunker craft operator licenses.

At the time, a Sentek representative told Manifold Times it was planning to appeal the High Court decision.

MPA also reminded all bunker licensees, including bunker suppliers and bunker craft operators, to comply strictly with all the terms and conditions of the respective bunker licence(s). 

“MPA will not hesitate to take firm action against any licensee that contravenes any of its bunker licence terms and conditions, including taking into account such contraventions in considering whether to renew the bunker licence(s), suspending or cancelling the bunker licence(s), and/or taking enforcement action against any such bunker licensee,” it said.

Related: Singapore: Sentek Marine & Trading secures temporary extension of bunker licences
Related: MPA: Sentek Marine & Trading bunkering licenses to cease from 18 September
Related: Singapore: Sentek application to quash MPA’s refusal to renew bunkering licences dismissed

 

Photo credit: Manifold Times
Published: 21 January, 2025

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