The creditors’ meeting of Ecospec Marine Technology Pte Ltd, a maritime research and development firm formerly associated with Sembcorp Marine, has been organised by the liquidator, states a Monday (8 August) notice posted on the Government Gazette.
The meeting for creditors of the company will be held on 8 September 2022 at 10.30 am.
The purposes of the meeting are:
To entitle you to attend, nominate and vote, the form of proxy must be lodged at the Liquidators’ office no later than 10.30am on the 6 September 2022.
Manifold Times on 31 October 2019 reported Singapore-based Ecospec Marine Technology facing a winding up application from Finnish pulp and paper manufacturer Stora Enso OYJ due to its cSOx scrubber unit not meeting the acceptance criteria for the contract.
Stora Enso, which filed the winding-up application at the High Court of the Republic of Singapore, was seeking approximately EUR 1.38 million (USD 1.54 million) from Ecospec due to the failed scrubber installation.
Captain Segar, MPA Assistant Chief Executive, Operations, to be also joining IBIA for the game where proceeds will be channelled into an IBIA Bursary Fund for supporting students to obtain a maritime studies degree.
‘Consort Bunkers will be operating the youngest bunkering fleet in Singapore after complete delivery of the ‘K’ series vessels by late-2023,’ Mr SK Yeo, Founder of Consort Bunkers, tells Manifold Times.
‘Vessel suffered inter alia damage to her engines as well as other losses and expenses, including but not limited to salvage costs, costs of repairs and time lost,’ states legal document obtained by Manifold Times.
‘It is undisputed that Sing Fuels furnished fuel in Port Elizabeth that enabled the M/V Lila Shanghai to continue on its way […] and it is undisputed that Sing Fuels was never paid for this fuel,’ states Judge.
JMs wanted to confirm if both of IPP’s former auditors ‘were reasonably assured that its assessment that the receivables owed by Mercuria Energy were not in any way doubtful’, according to court documents.
A Duraisamy received a SGD 42,870.60 fine and 10-month jail sentence while Lee Been Lian was fined SGD 6,795 and received a two-month jail term due to offences under the Prevention of Corruption Act.