Legal

Singapore: High Court issues winding up order to Ruchira Ships Limited

United Overseas Bank Limited filed a winding up application against Ruchira Ships Limited; all creditors of the firm should file their proof of debt with the liquidator.

Published

2 years ago

January 29, 2024

Admin

The High Court of Singapore on Friday (12 January) issued a winding up order to Ruchira Ships Limited, according to a 26 January notice on the Government Gazette.

The winding up order against Marshall Islands-registered Ruchira Ships Limited was filed by United Overseas Bank Limited (UOB) on 27 October.

The winding up order also included the following names and addresses of the liquidators:

Ms Toh Ai Ling, Mr Chan Kwong Shing,
Adrian and Ms Tan Yen Chiaw
c/o KPMG Services Pte. Ltd.
12 Marina View,
#15-01 Asia Square Tower 2,
Singapore 018961

All creditors of the abovenamed company should file their proof of debt with the liquidator who will be administering all affairs of the company.

According to Australian publication Countryman in August last year, a nine-year bareboat charter of the MV Ocean Drover could be the last clear run Wellard Limited has with the vessel after repurchasing attempts from Singapore-based Ruchira Ships proved to be unsuccessful.

Ruchira has reportedly been unable to pay back its loans to its bank, UOB, which holds the vessel title and won’t release it to Wellard, which has paid for the Drover in full with “no further expenses” anticipated.

Wellard executive chairman John Klepec reportedly said Ruchira must deliver unencumbered title to the vessel, “but has been unable to make appropriate arrangements with its bank, UOB, to provide the required discharges of mortgages registered against the Drover”.

On 14 January this year, Wellard, in a Australian Securities Exchange announcement, said it received confirmation that UOB has formally appointed KPMG Services Pte Ltd (KPMG) as liquidators to Ruchira Ships Limited in Singapore on Friday, 12 January 2024.

Ruchira is the financier of the M/V Ocean Drover, and is currently its registered owner.

“Wellard will continue to vigorously assert its legal rights to receive the unencumbered redelivery of title to the Ocean Drover, and will now deal with the liquidators and any other relevant party to resolve the matter,” the firm said.

“The vessel continues to be operated by Wellard and offered for charter to Wellard’s customers.”

Photo credit: Sora Shimazaki on Pexels
Published: 29 January, 2024

Related Topics:Business - Events Legal - Winding up

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Winding up

Singapore: Liquidator of Nan Shan Maritime Pte Ltd issues notice of dividend

Third interim dividend to admitted unsecured claims of Nan Shan Maritime is payable from 15 July, according to Government Gazette notice.

Published

5 days ago

July 16, 2026

Admin

A notice of dividend for Nan Shan Maritime Pte Ltd, which is currently in creditors’ voluntary liquidation, was published on the Government Gazette on Wednesday (15 July).

The following are the details of the notice:

Name of Company : Nan Shan Maritime (Pte.) Ltd.(In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701967H
Address of Registered Office : 10 Anson Road, #10-10, International Plaza, Singapore 079903
Amount per centum : 5.00 Per Centum of all admitted unsecured, claims
First and Final or Otherwise : Third Interim
When Payable : 15 July 2026
Where Payable : Entitlements will be made by way of cheque.

Photo credit: Drew Beamer
Published: 16 July, 2026

Winding up

Singapore: Liquidator of Selco (Shipyard) Pte Limited issues notice of dividend

Fifth and final dividend to admitted creditors of Selco (Shipyard) is payable from 13 July, according to Government Gazette notice.

Published

1 week ago

July 13, 2026

Admin

A notice of dividend for Selco (Shipyard) Pte Limited, which is currently in compulsory liquidation, was published on the Government Gazette on Friday (10 July).

The following are the details of the notice:

Name of Company : Selco (Shipyard) Pte Limited (In Compulsory Liquidation) Co. Reg. No. 196800580K
Address of Registered Office : 7 Straits View, Marina One East Tower, Level 12, Singapore 018936
Court : High Court of the Republic of Singapore
Number of Matter : Companies Winding Up No.: 125 of 1986
Amount per centum : 0.499 cents to a dollar
First and final or otherwise : Fifth and final dividend
When payable : From 13th day of July 2026
Where payable : c/o PricewaterhouseCoopers Advisory Services Pte Ltd, 7 Straits View, Marina One East Tower, Level 12, Singapore 018936

Photo credit: Benjamin Child
Published: 13 July, 2026

Vessel Arrest

Malaysia: MMEA detains tugboat with undocumented 10,000 litres of diesel in Kuala Langat

Inspection found MYR 5,000 in cash on the vessel and 10,000 litres of diesel, of which the skipper failed to present any document or permit authorising the transport of the diesel fuel.

Published

1 week ago

July 13, 2026

Admin

Malaysia: MMEA detains tugboat with undocumented 10,000 litres of diesel in Kuala Langat

The Malaysian Maritime Enforcement Agency (MMEA) on Friday (10 July) said it detained a tugboat during an enforcement operation in Selangor waters.

Selangor MMEA director Captain Abdul Muhaimin Muhammad Salleh said the vessel was detained at about 6.35am at about 4.7 nautical miles 0.1 nautical miles from the estuary of Sungai Langat, Kuala Langat.

He said the initial inspection found that the vessel in question was operated by a 44-year-old skipper along with a 23-year-old crew member, both Indonesian nationals.

Further inspection found that the vessel did not have a mandatory insurance coverage, including the Limitation of Liability for Maritime Claims (LLMC).

“Inspection also found 10,000 litres of diesel and MYR 5,000 in cash on the vessel,” he said.

“The skipper also failed to present any document or permit authorising the transport of the diesel fuel, raising suspicions regarding the ownership of the controlled items.”

The tugboat and both crew members were brought to the Pulau Indah Marine Police Force jetty before they were handed over to the Selangor MMEA for further action.

He added that the case is being investigated under the Immigration Act 1959/63, the Control of Supplies Act 1961, and the Merchant Shipping Ordinance (MSO) 1952.

Photo credit: Malaysian Maritime Enforcement Agency
Published: 13 July, 2026