The final meeting of Singapore-based Xihe Investment Pte Ltd is scheduled to take place during 1000 hours on 22 August at 7 Straits View, Marina One East Tower, Level 12, Singapore 018936, according to a Thursday (21 July) notice on the Government Gazette.
The purpose of the meeting will be: “To receive an account from the Liquidators showing the manner in which the winding-up has been conducted and of hearing any explanation that may be given by the Liquidators.”
In April 2021, the liquidators of Xihe Investment decided to voluntarily wind up the company following the collapse of parent company Hin Leong Trading.
Related: Xihe Investment to be wound up voluntarily; creditors advised to approach by early June
Related: Minister of Transport comments on Hin Leong debacle and new bunker suppliers
Related: MPA, ESG, MAS issue statement to reassure bunker trading sector remains ‘resilient’
Related: Singapore’s Police Force commence investigations into Hin Leong Trading
Related: Singapore: Ocean Bunkering Services to discontinue marine fuel deliveries
Photo credit: Jo_Johnston from Pixabay
Published: 22 July, 2022
Application was filed by Hin Leong’s judicial managers on 5 February 2021 and a hearing has been scheduled for 10.00 am, Monday, 8 March 2021.
Bunker suppliers should consider how to contractually secure maritime liens against bunker tanker and the receiving vessel which the bunkers are ultimately bound.
WFS supplied alleged off-spec marine fuel to the M/V BW Kyoto and M/V BW Leo at an U.S. port in April.
Guangzhou Development Bibi Youpin Co., Ltd. and Guangzhou Yuanheng Storage Co., Ltd. secured licences from the Guangzhou Municipal Government.
Representatives include BIMCO, CLIA, IMCA, INTERCARGO, INTERFERRY, International Chamber of Shipping, INTERTANKO, IPTA and World Shipping Council.
The port of Trieste has appointed three commissioners to ensure business continuity of Depositi Costieri Trieste, it says.
‘The MOU will foster innovation in smart and autonomous ship technologies, and support the use of green ammonia as a sustainable fuel to help decarbonise global shipping,’ says the Chief Executive of MPA.
PetroSeraya appoints YTL PowerSeraya veteran See Yoong Hwee to drive its fuel tank leasing operations; together with Rafe Liam as Commercial Manager, they will spearhead the company’s initiatives.
‘This biofuel bunker delivery represents a new chapter for Eng Hua as we are now moving with the times towards the era of decarbonisation,’ Mike Sin, Director at Eng Hua, tells bunkering publication Manifold Times.
MPA has also asked Glencore to improve its internal procedures to ensure that prompt action is taken in future when it becomes aware of, or reasonably suspects, any irregularity in fuel quality, it states.
Dynamic Asset Investments Limited and Goldsland Holdings Co Ltd helped Vermont UM Bunkering maintain a “Cash Float” of about SGD 100,000 to facilitate “buyback” bunker transactions at Singapore port.
Senior Cargo Officer gained SGD 48,800 worth of commission from “buyback” bunker transactions and illegally obtained SGD 410,712.257 by cheating Vermont, a Singapore court heard on Thursday (21 July).
