Connect with us

Business

Singapore: Cosco Shipping (S) Agencies Pte. Ltd. to undergo voluntary wind up

Liquidator was appointed for the company at an extraordinary general meeting held on Tuesday (13 September) according to Government Gazette notice.

Admin

Published

on

post 53104

An extraordinary general meeting to pass several resolutions for Cosco Shipping (S) Agencies Pte. Ltd. (registration no. 199708278E) was held on Tuesday (13 September), according to a 16 September notice posted on the Government Gazette.

The meeting was held by electronic means at 9am where the following Resolutions were passed:

AS SPECIAL RESOLUTIONS

(a) That the Company be wound up voluntarily.

(b) That the Liquidator be and is hereby authorised to exercise any or all of the powers given by Section 144 (1)(b), (c), (d), (e), (f) and (g) and 144 (2) of the Insolvency, Restructuring and Dissolution Act 2018.

(c) That the Liquidator be authorised to distribute either in cash or in specie to the contributories any part or all of the surplus assets of the Company.

AS ORDINARY RESOLUTIONS

(a) That the appointment of Mr. Tee Wey Lih, care of Acres Advisory Private Limited 531A Upper Cross Street #03-128, Hong Lim Complex, Singapore 051531, as Liquidator of the Company for the purpose of such winding up be and is hereby approved.

A second notice was published on the Government Gazette notifying creditors of Cosco Shipping (S) Agencies that they are required to send in their names and addresses and the particulars of their debts or claims and the names and addresses of their solicitors (if any) to the liquidator on or before 17 October 2022.

The name and address of the liquidator are as follow:

Tee Wey Lih
Liquidator
c/o Acres Advisory Pte Ltd
531A Upper Cross Street #03-128
Hong Lim Complex
Singapore 051531

 

Photo credit: Benjamin Child
Published: 19 September, 2022

Continue Reading

Project

Poland: ORLEN to strengthen position in bunker fuels sector with new oil terminal

With the terminal’s commissioning, the company plans to introduce a bunkering vessel to service the Tri-City ports with conventional marine fuels and biofuels.

Admin

Published

on

By

ORLEN oil terminals

Polish multinational oil refiner ORLEN Group on Wednesday (12 June) said it is solidifying its presence in the marine fuels market with the construction of a new oil terminal that is scheduled for completion by the second half of 2025.

Construction of the Martwa Wisła terminal, located on the Martwa Wisła river, has already exceeded 70%.

The Martwa Wisła terminal will enhance the logistics capabilities of the Gdańsk refinery, allowing for the transshipment of approximately 2 million tonnes of fuel products annually.

The first four loading arms have already arrived at the construction site and the remaining four loading arms are slated for delivery by the end of June. The devices, with a throughput capacity of up to 500m³/h, will be used at transshipment points to load tankers.

With the terminal's commissioning, the company plans to introduce a bunkering vessel to service the Tri-City ports (Gdańsk, Gdynia, Sopot) with conventional fuels and biofuels.

For over 20 years, the Group has been supplying quality marine fuels to all Polish seaports. Its refinery product portfolio encompasses a wide range of fuels that guarantee quality and strict compliance with regulations, including MGO (DMA 0.1%S), ULSFO (RMD80 0.1% S) and LNG, which will in the near future be complemented with ‘green’ alternatives.

All marine fuels offered by ORLEN comply with the international ISO 8217:2017 standard and meet the requirements of the MARPOL Convention.

 

Photo credit: ORLEN Group
Published: 14 June 2024

Continue Reading

Business

Australia: Crew of bunker tanker “Champion 63” to strike following employer’s refusal to negotiate

‘BP has decided they can’t pay industry standards in Brisbane and want to keep their workers’ wages low,’ states MUA spokesman.

Admin

Published

on

By

Champion 63

The crew of Champion 63, a 2022-built Australia-registered bunker tanker with home port of Brisbane, is set to go on strike after bargaining for a new enterprise agreement has stalled, stated the Maritime Union of Australia (MUA) on Wednesday (12 June).

Members of the Australian Maritime Officers Union, the Australian Institute of Marine and Power Engineers, and MUA voted up protected industrial action on 11 June 2024.

The crews have been trying to formalise their employment conditions with ASP Ship Management since the bunkering operations commenced in February 2023. It took ASP approximately six months to issue the Notice of Employee Representational Rights (NERR) and start bargaining.

0baae86a 481a 4ed3 b50f 19c954117e7a

“The crew of the new bunker barge on the Brisbane River and the maritime unions bent over backwards to make this vessel work,” said MUA Assistant Branch Secretary Paul Gallagher.

“Including low wages, excessive hours and a roster that does not allow crew to take leave. 18 months down the track when it comes time for BP to reward their crew and pay industry standards what do they do? They deny them fair wages, a workable roster and threaten their back pay!”

The AMOU filed a bargaining dispute after ASP refused to take their claim for a roster that does not demand that crews work every weekend seriously.

“Having to work every weekend because ASP does not have suitable relief arrangements is unacceptable,” said AMOU Industrial Officer Tracey Ellis.

“Crews have a right to be rostered time off to spend with their family. Waiting for ASP to fix the issue did not work, filing a Bargaining Dispute in the Fair Work Commission did not work, so the crews will take protected industrial action until their concerns are taken seriously.”

The crews onboard the Champion 63 voted up an unlimited number of stoppages of work of between one hour and 48 hours.

Gallagher added that, “the Maritime unions will not tolerate the big multinational fuel barons of this world undermining the Australian maritime wages and conditions of seven local mariners who are trying their best to support our own local shipping and Cruise Ship industry. If your cruise holiday gets delayed it is because, after recording over $40 billion profit in last two years, BP has decided they can’t pay industry standards in Brisbane and want to keep their workers’ wages low.”

 

Photo credit: Maritime Union of Australia
Published: 13 June 2024

 

Continue Reading

Additives

Infineum releases Sustainability Report 2023 outlining its sustainability progress

Infineum celebrates 25 years of operations and looks forward to the next 25 years of progress towards its net zero ambition by 2050, says CEO.

Admin

Published

on

By

Press release Infineum remains focused on our purpose to become a sustainable world class specialty chemicals company

Infineum, a specialty chemicals company headquartered in the UK, on Thursday (13 June) released its fourth annual Sustainability Report, reinforcing its purpose to create a sustainable future through innovative chemistry.

Aligned with the company’s strategic plan to achieve its vision and purpose, Infineum announces:

Publication of its Sustainability Report 2023 (Sustainability.Infineum.com), which outlines the efforts and progress that the company has achieved through the year, including:

  • Championing of Diversity, Equity & Inclusion (DE&I) throughout the organisation
  • Achievement of 28% of colleagues volunteering, surpassing its 2025 target of 25%
  • Increased share of relevant supplier spends covered by sustainability assessments to 62%

Launch of revamped corporate website (www.Infineum.com) to better represent Infineum as a specialty chemicals company, showcasing Infineum’s existing capabilities, as well as diversification in the new markets

The joint venture, formed in 1999 between Shell and Exxon Mobil, celebrates its 25th anniversary this year and recently shared its restructure strategy to two business units, Sustainable Transportation and Energy Applications.

“As Infineum celebrates 25 years of operations and we look forward to the next 25 years of progress towards our net zero ambition by 2050, I am pleased to share our fourth annual sustainability report,” says Infineum CEO Aldo Govi.

“This is a journey and we have made excellent progress, but improvement will not always be linear, especially when set against the backdrop of a challenging external environment, but our purpose of creating a sustainable future through innovative chemistry, continues to drive us forward.

“We remain focused on our vision to become a sustainable world-class specialty chemicals company. Sustainability was at the core of reshaping Infineum to better enable us to contribute to sustainable mobility and the transition to a low-carbon economy.”

 

Photo credit: Infineum
Published: 13 June 2024

Continue Reading
Advertisement
  • RE 05 Lighthouse GIF
  • v4Helmsman Gif Banner 01
  • SBF2
  • Aderco advert 400x330 1
  • Consort advertisement v2
  • EMF banner 400x330 slogan

OUR INDUSTRY PARTNERS

  • Triton Bunkering advertisement v2
  • SEAOIL 3+5 GIF
  • 102Meth Logo GIF copy
  • Singfar advertisement final
  • HL 2022 adv v1


  • Cathay Marine Fuel Oil Trading logo
  • endress
  • MFA logo v2
  • Auramarine 01
  • Synergy Asia Bunkering logo MT
  • CNC Logo Rev Manifold Times
  • Golden Island logo square
  • Central Star logo
  • E Marine logo
  • SMS Logo v2
  • Headway Manifold
  • VPS 2021 advertisement
  • 400x330 v2 copy
  • Advert Shipping Manifold resized1

Trending