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
2nd Reconnaissance Group inspected the wooden hulled ship “KG 95945 TS” on 14 July and found no supporting documents proving the origin of the oil.
Lim has been charged with instigating a Hin Leong employee to forge a document that was allegedly used to secure more than $56 million in financing, it said.
Invoices for the product were inconsistent and there was no certificate of origin for the product, it says.
‘Initial investigations showed that the vessel is registered in the Marshall Islands. A 50 year old captain and 15 crew of Chinese nationality were discovered onboard’, it said.
Patrol team members spotted the vessel about 7.09 nautical miles from Kuala Bintulu; PPM estimates the value of the confiscated lot to be around MYR 1,561,960.
Tanker arrested at 14.5 eastern nautical miles of Tanjung Penawar at about 7.15pm on 17 August after Captain failed to produce permission documents.
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.
