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Singapore: Liquidator issues notice of intended dividend for Southernpec (Singapore) Shipping

23 Sep 2022

A notice to declare intended dividend of marine fuel supplier Southernpec (Singapore) Pte Ltd’s (SSPL) sister firm Southernpec (Singapore) Shipping Pte Ltd (SPSPL) to its creditors has been posted on the Government Gazette on Thursday (22 September).

The following are details of the notice:

Name of Company: Southernpec (Singapore) Shipping Pte Ltd (In Compulsory Liquidation)

Unique Entity No. / Registration No. : 200908256Z

Address of Registered Office: Formerly of 11 Martia Road #03-07 Villa Martia Singapore 424808

Court: High Court of Singapore

Number of Matter: Companies Winding Up No. 87 of 2021

Last Day for Receiving Proofs: 7 October 2022

Name of Liquidator: Wong Joo Wan

Address: c/o Alternative Advisors Pte Ltd 1 Commonwealth Lane #06-21 One Commonwealth Singapore 149544

Manifold Times previously reported Goodwood Associates, a Singapore-based wholesaler of petrochemical products, commenced legal action to wind up marine fuel supplier SSPL and its sister firm SPSPL, after the Court of Appeal upheld a judgement quashing claims by both entities that a pair of oil trades carried out on their watch in 2015 were sham transactions.

The High Court of the Republic of Singapore on 25 June then granted an application made by Singapore-based petrochemical wholesaler Goodwood Associates to wind up SSPL and SPSPL.

RelatedCourt grants winding up order against Southernpec (Singapore) firms
Related: Goodwood Associates to commence wind up of Southernpec (Singapore) firms
Related: USD $1.49 million bunker credit sleeving dispute between Goodwood and Southernpec reaches conclusion


Photo credit: Drew Beamer
Published: 23 September, 2022

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