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Singapore: Liquidator of IEG subsidiary TXZ Tankers issues notice of intended dividend

Creditors will need to produce proofs of debt to liquidator of TXZ Tankers Pte. Ltd. by Wednesday (2 November 2022), according to Government Gazette notice.

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A notice to declare intended dividend of oil trading company International Energy Group (IEG) subsidiary TXZ Tankers Pte. Ltd. to its creditors has been posted on the Government Gazette on Wednesday (19 October).

The following are details of the notice:

Name of Company : TXZ Tankers Pte Ltd Unique 

Entity No. / Registration No. : 201805870Z 

Address of Registered Office : 60 Paya Lebar Road #08-05 Paya Lebar Square Singapore 409051 

Last Day for Receiving Proofs : 2 November 2022 

Name of Liquidator : Seah Chee Wei Address of Liquidator : c/o Rock Stevenson Pte Ltd 60 Paya Lebar Road #08-05 Paya Lebar Square Singapore 409051

Manifold Times previously reported IEG declaring it can no longer continue its business due to its liabilities and proceeded to summon a creditors’ meeting within a month of the declaration.

On 20 January 2021, New Silkroutes Group responded to queries raised by the Singapore Exchange Securities Trading Limited (SGX-ST) in relation to the Creditors’ Voluntary Liquidation of International Energy Group Pte. Ltd. released via SGXNET on 5 January 2021.

In its response, the management and the Board of New Silkroutes Group were of the view that the energy business was not sustainable and IEG will not be able to fulfil its debt obligations as and when they fall due taking into account the cash flow projections commencing on Q22021. 

“In view of that, the Board took the difficult decision that a creditors voluntary liquidation of IEG was appropriate and appointed provisional liquidators,” it said.

The firm added IEG subsidiary TXZ Tankers has been experiencing challenging situations in view of the reduction of shipping charters.

Related: Singapore: International Energy Group to be wound up; calls for creditors meeting

 

Photo credit: Benjamin-child
Published: 20 October, 2022

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Methanol

SMW 2025: MPA seeks methanol bunker supplier licence applications in Singapore

MPA is launching an open call for applications for methanol bunker supplier licences in the Port of Singapore to implement an end-to-end methanol supply model, says Senior Minister Amy Khor.

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MPA issues EOI seeking for methanol bunker fuel suppliers in Singapore

The Maritime and Port Authority of Singapore (MPA) is launching an open call for applications for methanol bunker supplier licences in the Port of Singapore, said Senior Minister of State for Transport Amy Khor on Tuesday (25 March). 

The initiative is part of Singapore’s effort to foster a competitive and innovative ecosystem to accelerate the adoption of low- or zero-carbon fuels, while collaborating with industry stakeholders to ensure their safe and effective deployment.

“To meet growing interest in methanol among shipowners, MPA is launching an open call for applications for methanol bunker supplier licences in the Port of Singapore to implement an end-to-end methanol supply model,” Khor said in her speech at the Accelerating Digitalisation and Decarbonisation Conference, as part of the Singapore Maritime Week (SMW 2025).

“This will build on the recently published Technical Reference for Methanol Bunkering, and the Standards for the Port Limit Methanol Bunker Tankers, to provide a consistent approach to ensure the safe and efficient use of methanol.”

During SMW 2024, MPA announced its regulatory framework for methanol bunkering licence was close to be finalised and would call for applications for a licence to supply methanol as a marine fuel in Singapore. 

In 2023, MPA issued an Expression of Interest (EOI) inviting parties interested in supplying methanol as a bunker fuel in the Port of Singapore. The EOI aims to gather proposals for the implementation of end-to-end methanol bunkering solutions in Singapore from 2025.

Khor also said MPA has also been collaborating closely with industry partners and the A*STAR Institute of High-Performance Computing to conduct virtual simulations of ammonia bunkering operations. 

“These simulations are critical for evaluating and mitigating the environmental and safety risks associated with ammonia bunkering operations. This methodology is also extended to other fuels such as LNG and methanol,” she said. 

In parallel, Singaporean companies such as Seatrium and PSA are exploring initiatives aimed at harnessing and utilising low-carbon energy fuels for the maritime sector.

Related: Singapore releases new standard on methanol bunkering, gears up for multi-fuel future
Related: SMW 2024: MPA receives 50 submissions for EOI to supply methanol bunker fuel in Singapore
Related: MPA issues EOI seeking for methanol bunker fuel suppliers in Singapore

 

Photo credit: Maritime and Port Authority of Singapore
Published: 25 March, 2025

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Alternative Fuels

SMW 2025: Singapore publishes new technical reference for charging electric harbour craft

New Technical Reference establishes the specifications and safety requirements for electric harbour craft charging and battery swap systems to support Maritime Singapore’s decarbonisation goals.

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The Maritime and Port Authority of Singapore (MPA) and Enterprise Singapore (EnterpriseSG), through the Singapore Standards Council (SSC), on Tuesday (25 March) have published Technical Reference (TR) 1361 to guide the development of charging infrastructure and battery swap systems for electric harbour craft (e-HC). 

This initiative supports Singapore’s efforts to decarbonise the domestic maritime sector.

TR 136 establishes the safety requirements for the e-HC charging infrastructure and battery swap systems. It includes measures to protect personnel and property from electrical and mechanical hazards during the installation and operation of the charging systems. The TR also establishes the technical requirements to promote interoperability.

TR 136 incorporates widely adopted industry standards on electric vehicle charging systems, such as the Combined Charging System. It is also aligned with local electricity supply conditions and codes such as the TR 25 Electric Vehicles Charging System, as well as international standards including the IEC 61851 on electric vehicle charging system and IEC 62840 on electric vehicle battery swap system. This ensures that service providers can readily adopt the standard.

Adopting TR 136 will strengthen users’ confidence in e-HC charging and battery swap system providers, while giving ship owners, port operators, and charger operators greater assurance in the safe operation of e-HCs. The adoption of the TR is expected to have positive spillover effects with new business opportunities in areas such as charging systems and battery technologies, and upskilling prospects for the maritime workforce.

TR 136 was developed by the Working Group (WG) on Electric Harbour Crafts Charging System, which was appointed by the Electrical and Electronic Standards Committee (EESC) under the purview of the SSC. This WG comprises government and industry stakeholders such as MPA, charging equipment and battery suppliers, e-HC manufacturers and operators, testing, inspection and certification organisations, academic experts, and institutes of higher learning. Please refer to Annex A for the list of stakeholders in the WG.

Mr Teo Eng Dih, Chief Executive, MPA, said: “TR 136 is a critical step towards developing a safe, robust, and interoperable charging infrastructure for electric harbour craft in Singapore. By setting clear safety and operational guidelines, the new standard will give industry players greater confidence in electrification and pave the way for wider e-HC adoption.”

Ms Choy Sauw Kook, Director-General (Quality & Excellence), EnterpriseSG, said: “Standards have always played an important role in enabling pathfinders to drive industry development. By providing local operators with clear guidelines on how to adopt electric charging infrastructure in a safe and reliable manner, the TR 136 will accelerate the electrification of harbour craft and, in turn, the decarbonisation of the maritime sector in Singapore. Enterprise Singapore will continue to work closely with MPA and various industry partners, to develop standards that advance the interests of the maritime industry."

Er. Lim Say Leong, Co-Convenor of the Working Group on Electric Harbour Crafts Charging System, said: “During the development of TR 136, the working group consulted widely with marine industry players as there were no international standards that could be adopted. These efforts were necessary and important to ensure that TR 136 is robust and implementable by key stakeholders in the electric harbour craft ecosystem.”

Mr Ng Bingrong, Co-Convenor of the Working Group on Electric Harbour Crafts Charging System, said: “We thank all partners who have contributed to the TR 136, and will continue to work with all relevant stakeholders to ensure the TR 136 evolves with technology and industry needs. The working group welcomes feedback from users to further improve TR 136.”

MPA and EnterpriseSG will organise a closed-door seminar on 28 March 2025 at the sidelines of Singapore Maritime Week 2025. Key representatives from MPA, the WG, and industry will present their insights and expertise through technical sharing and a panel discussion at the seminar.

As part of the broader effort to encourage adoption of e-HCs, MPA organised a socialisation event on 10 March 2025 to facilitate business matching between the wider group of potential e-HC operators, developers, charging infrastructure providers, financiers, and insurers. The event provided a platform for stakeholders to better understand the technical aspects, cost of ownership, and business model considerations associated with e-HCs.

Financing for e-HCs is available under the Enterprise Financing Scheme-Green (EFSGreen), which enables companies to better access green financing that allows them to develop their capabilities and establish a strong sustainability record. As part of this, EnterpriseSG provides risk-sharing of up to 70% to catalyse lending by seven participating financial institutions. Additionally, local banks DBS, OCBC, and UOB, through engagements with MPA, have expressed strong interest to offer financing solutions for e-HC operators and owners.

Related: SMW 2025: Singapore to launch new standard for electric harbour craft this week

 

Photo credit: Maritime and Port Authority of Singapore
Published: 25 March, 2025

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Alternative Fuels

SMW 2025: Rotterdam, Singapore plan to conduct more bunkering trials of alternative fuels

MPA and Port of Rotterdam inked a deal to strengthen their efforts on Rotterdam-Singapore Green and Digital Shipping Corridor, which includes boosting uptake of low- and zero-emission marine fuels.

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Singapore-Rotterdam Green and Digital Shipping Corridor partners to implement first-mover pilot projects

The Maritime and Port Authority of Singapore (MPA) and the Port of Rotterdam on Tuesday (25 March) said they have signed a Cooperation Agreement to further strengthen their efforts on the Rotterdam-Singapore Green and Digital Shipping Corridor

This follows the success of the corridor as a driving force of maritime decarbonisation and digitalisation since its inception in 2022.

The two ports have since brought together 28 partners across the entire container shipping value chain to drive the deployment of sustainable fuels on the 15,000-kilometer shipping route and implement digital solutions for improved efficiency. 

The collective ambition is to reduce greenhouse gas emissions of large container vessels on the corridor by 20-30% by 2030, while accelerating the adoption of global standards and solutions to facilitate efficient port calls, flow of goods, and enable paperless handling.

To support the decarbonisation of shipping, the collaboration focused on testing and accelerating the adoption of sustainable fuels, with the aim of making them available, accepted and affordable for large-scale use. Emphasis will be on bio- and e-variants of ammonia, methanol, and methane, with working groups established for each fuel type.

Since 2022, several first-mover pilot projects have been carried out, including the first successful bunkering of mass-balanced liquefied bio-methane at the Port of Rotterdam. A similar trial is planned in Singapore in 2025. 

Other achievements include the completion of a Life Cycle greenhouse gas Assessment (LCA) of green ammonia as a marine fuel, and strong support for the development and implementation of the Port Readiness Framework of the International Association of Ports and Harbors (IAPH), which helps ports assess their preparedness to supply sustainable marine fuels.

In the next phase, the partners plan to conduct further studies and trials for the bunkering of bio-methane, methanol and ammonia to support their future use along the shipping corridor. They also aim to develop and mobilise financial instruments to address the cost barriers associated with using low- and near-zero emission fuels.

On the digital front, the two ports have successfully trialled the exchange of port-toport data to exchange vessel arrival and departure timestamps. In support of digital initiatives  by the IMO, this effort aims to optimise vessel arrival planning and port operations between Singapore and Rotterdam. 

Both ports have also established ship-to-shore data exchange infrastructure to enable efficient and secure submission of port clearance information. This saves time and minimises data entry errors through automated data filling. The first phase to trial the use of global standards and digital solutions began in March 2025, with an enhanced solution scheduled for testing in the second half of 2025.

Both government and industry partners are at Singapore Maritime Week to advance the discussions and work on realising the goals of the Green and Digital Shipping Corridor.

Mr Teo Eng Dih, Chief Executive of MPA, said, “The continued progress through the Singapore-Rotterdam Green and Digital Shipping Corridor is testament to the role of public private collaboration to bring decarbonisation and digitalisation initiatives from ideas to implementation.”

“We look forward to collaborating with more partners to bring impact to one of the world’s busiest shipping routes and accelerate the decarbonisation and digitalisation of the shipping industry.”

Mr Boudewijn Siemons, CEO of the Port of Rotterdam, said, “By bringing together parties across the entire value chain, the Rotterdam-Singapore Green & Digital Shipping Corridor has helped to make first, valuable steps towards the decarbonisation of international shipping while also improving efficiency of trade and setting new industry standards.”

“At the same time, we still have a lot of work ahead of us and we are looking forward to continue our work on this together with the Maritime and Port Authority of Singapore.”

Related: SMW 2024: Singapore-Rotterdam Green and Digital Shipping Corridor partners to implement first-mover pilot projects

 

Photo credit: Maritime and Port Authority of Singapore
Published: 25 March, 2025

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