Inter-Pacific Group Pte Ltd (IPG), the parent firm of former Singapore bunker supplier and bunker craft operator Inter-Pacific Petroleum, has received a winding up order from the High Court of the Republic of Singapore on 27 March, according to the Government Gazette on Thursday (9 April).
All creditors of Inter-Pacific Group should file their proof of debt with the Liquidators who will be administering all affairs of the company, said the public notice.
All debts due to the company should be also forwarded to the Liquidators.
Names and address of Liquidators are:
Mr Lim Loo Khoon & Mr Tan Wei Cheong
c/o Deloitte & Touche LLP
6 Shenton Way
OUE Downtown 2 #33-00
Singapore 068809
IPG filed a winding up application at the High Court of the Republic of Singapore on 2 March.
A timeline organised list of events preceding the current development have been recorded by Manifold Times below:
Related: Singapore: Inter-Pacific Group files for winding up application at High Court
Related: MPA revokes Inter-Pacific Petroleum Pte Ltd bunker supplier licence
Related: Co-heads of Trade and Commodities Finance for Asia-Pacific leave SocGen
Related: Inter-Pacific Group, Inter-Pacific Petroleum to hold creditors’ meet
Related: NewOcean detains Singapore-flagged bunker tanker “Pacific Energy 28”
Related: SocGen lawsuit against NewOcean Petroleum dropped, party to counterclaim
Related: MPA revokes Inter-Pacific Petroleum bunker craft operator licence
Related: Magnets on MFMs: Trial starts for former bunker clerk of “Consort Justice
Related: First suspect charged over MFM tampering in landmark case
Related: With nearly $180 million of debt, IPP proposes interim judicial management
Related: Inter-Pacific Group, Inter-Pacific Petroleum under judicial management
Related: Magnets on MFMs: “Consort Justice” crew pleads ‘not guilty’ to tampering charge
Related: IPP responds to temporary suspension of bunker craft operator licence
Related: MPA temporarily suspends IPP bunker craft operator licence
Related: Singapore: Bunker Cargo officer, crew face charges over alleged MFM tampering
Photo credit: Manifold Times
Published: 13 April, 2020
Bunker Holding received three payments totalling USD 4.27 million from Maritime, according to Danish State Prosecutor for Serious Economic and International Crime.
Brightoil to offer compromise or arrangement with creditor during upcoming session on Wednesday.
Both ships were discovered at about 3.00 pm on Sunday (5 April) around the Quang-Ninh-Haiphong bay area; neither one was able to prove the validity of their cargo.
The arrest of vessels at the world’s largest bunkering port continues to be an effective method of obtaining recovery on maritime-related claims, says Partner Max Lim.
‘As CIMB did not prove the authenticity of the Debenture, I dismissed its claims,’ concluded a High Court of the Republic of Singapore Judicial Commissioner.
KG 90436 TS and KG 94522 TS were discovered sailing suspiciously close together at 3.00 pm on Tuesday (9 June) at the Southwestern region of Kien Giang.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.
