A Director of several special purpose vehicles (SPVs) ultimately under Brightoil Petroleum (Holdings) Limited has declared their inability to continue business, according to a Friday (20 August) notice on the Government Gazette.
The affected entities, which will be wound up voluntarily, are:
Tee Wey Lih of Acres Advisory Pte Ltd of 531A Upper Cross Street #03-128 Hong Lim Complex Singapore 051531 has been appointed provisional liquidator for the purpose of winding up the affairs of the companies on 16 August 2021.
Note: Brightoil Petroleum (Holdings) Limited has been renamed as Petroglory Petroleum (Holdings) Limited.
Earlier developments of Brightoil (since late 2017 to date) can be found in the search results here.
Photo credit: benjamin-child
Published: 23 August, 2021
Vessels able to acquire a range of marine fuel grades, including bio-blends and green bunker fuels, from firm’s foothold in ARA and Flushing.
Appointed Liquidator has called for all creditors to send in their names and addresses and particulars of their debts or claims by Monday, 5 April 2021.
Parties will define a joint venture (JV) structure where the JV will be chartering ships from Kanfer, buy LNG and trade them to the maritime industry in the region.
Alpha Biofuels starts bunkering onboard vessel "Martin Tiga" by converting Used Cooking Oil into biodiesel fuel (BDF).
The 50/50 owned JV was announced in August and is now extended with four additional 17,999 DWT tankers that run on LNG/LBG or gasoil, bringing the total investment to eight vessels.
Both newbuildings will be amongst the most environmentally friendly VLCCs around, as they emit 20% less CO2 GHGs, 85% less NOx and 99% less SOx than conventional vessels.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.
Desmond Chong, Managing Director of Kenoil Group, informs on the company’s contribution towards the methanol bunkering value chain in a project to establish Asia’s green e-methanol plant in Singapore.
