Vietnam-flagged oil and chemical tanker GT Unity was arrested for the third time in Singapore waters on Thursday (5 September).

The 7,631 DWT vessel was added to the list of vessels under Sheriff’s arrest in Singapore’s court system. 

According to the list, the vessel was arrested at 10.45am and the arresting solicitor listed was law firm Resource Law LLC. The ship is currently held at Raffles Reserved Anchorage. 

No further details regarding the reason behind the arrest were provided in the list. 

Manifold Times previously reported GT Unity was arrested in the republic on 6 December, 11 October and 10 March last year.

Related: Singapore: Vietnam-flagged tanker “GT Unity” arrested again, bulk carrier also detained
Related: Vietnam-flagged tanker “GT Unity” arrested again in Singapore
Related: Vietnam-flagged oil and chemical tanker “GT Unity” arrested in Singapore

 

Photo credit: Manifold Times
Published: 10 September, 2024

A notice was published on the Government Gazette on Monday (10 September) regarding the annual general meetings to be held on 23 September for Xihe Holdings subsidiary Nan Chiau Maritime Pte Ltd.

Annual general meetings for Nan Chiau Maritime are to be held at the following times:

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

The agenda for all the meetings are:

• To receive an update on the liquidation.
• 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.

Manifold Times previously reported several resolutions for the firm were passed by written means, including winding-up the company. 

Manifold Times also reported directors of Nan Chiau Maritime declaring the company’s inability to continue business. 

Related: Singapore: Xihe Holdings subsidiary Nan Chiau Maritime to be wound up
Related: Directors declare inability of Nan Chiau Maritime to continue business, liquidators to be appointed
Related: Singapore: Annual general meetings scheduled for Xihe Holdings subsidiaries

 

Photo credit: Jo_Johnston from Pixabay
Published: 10 September, 2024

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 : Otto Marine Limited (In Liquidation)
Company Registration No. : 197902647M
Address of former registered office : 9 Temasek Boulevard, #33-01 Suntec Tower Two, Singapore 038989
Court : High Court of the Republic of Singapore
Number of matter : HC/CWU 213/2018
Amount per centum : 100 per centum of all admitted preferential claims pursuant to Section 328(1)(b) to (f) of the Companies Act 1967
First and final or otherwise : First and final
When payable : 27 September 2024
Where payable : Via bank transfer for local payees and telegraphic transfer for overseas payees (all remittance charges shall be borne by the recipient of the dividend payment)

In October 2016, it was reported that offshore services provider Otto Marine announced it would delist from Singapore Exchange (SGX) on 7 October 2016. 

Otto Marine was principally engaged in offshore vessel construction, repair and conversion, fabrication, chartering, management and leasing of vessels as well as subsea activities.

Related: Singapore: Liquidators arrange creditors meeting for Otto Marine Limited

 

Photo credit: Drew Beamer
Published: 9 September, 2024