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Winding up

Singapore: Marina Opah Shipping and related companies to be wound up voluntarily

Creditors are required on or before 11 November 2024 to send in their names and addresses and particulars of their debts or claims to appointed liquidators, says notice.
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Published

7 months ago

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calculator steve pb from Pixabay

Singapore-based Integrity Marina Opah Shipping Pte Ltd and related companies will voluntarily wind up following an Extraordinary General Meeting on 1 October, according to a Government Gazette notice published on Thursday (28 December).

The other companies involved are Marina Cobia Shipping Pte Ltd, Marina Aruana Shipping Pte Ltd, and Marina Aquata. 

The resolutions set out below were duly passed:

AS SPECIAL RESOLUTIONS

  • That the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring And Dissolution Act 2018 (Act 40 of 2018).
  • That the Liquidators be authorised to exercise any of the powers provided by Section 144(1)(b), (c), (d), (e), (f) and (g) of the Insolvency, Restructuring And Dissolution Act 2018 (Act 40 of 2018).
  • That in accordance with the provisions of the Company’s Constitution, the Liquidators be and are hereby authorised to distribute in specie all or any part of the assets of the Company remaining after satisfaction of all debts and liabilities.

AS ORDINARY RESOLUTIONS

  • That Chek Khai Juat and Tay Tuan Leng c/o Tricor Singapore Pte. Ltd., 9 Raffles Place, #26-01 Republic Plaza, Singapore 048619 be appointed jointly and severally as Liquidators of the Company for the purpose of such winding up.
  • That the remuneration of the Liquidators be based on their normal scale rates for carrying out the assignment plus disbursements and that the Liquidators’ fees be paid out of the assets of the Company.

In another notice, the liquidators of all four companies said creditors are required on or before 11 November 2024 to send their names and addresses and full particulars of their debts or claims and the names and addresses of their solicitors (if any) to the liquidators.

Liquidators may require creditors or their solicitors to “come in and prove their said debts or claims at such time and place as shall be specified in such notice or in default thereof, they will be excluded from the benefit of any distribution made before such debts are proved.”

 

Photo credit: steve pb from Pixabay
Published: 15 October, 2024

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Winding up

Singapore: Vasi Shipping Pte Ltd to undergo voluntary wind up, selects liquidators

Joint and several Liquidators from AAG Corporate Advisory were appointed for the purposes of winding up the affairs of the company at an extraordinary general meeting held at 2pm on 28 April.

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Published

6 days ago

on

May 6, 2025

By

Resized benjamin child

Several resolutions for Vasi Shipping Pte Ltd, a small Singapore-based containership operator, were made during an extraordinary general meeting held on 28 April at 2pm, according to a notice in the Government Gazette on Monday (5 May).

The following resolutions were duly passed during the meeting:

Special Resolution

That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.

Ordinary Resolution

That Mr. Abuthahir Abdul Gafoor and Ms. Yessica Budiman care of AAG Corporate Advisory Pte Ltd, 11 Collyer Quay, #07-02 The Arcade, Singapore 049317, be appointed as joint and several Liquidators of the Company for the purposes of winding up the affairs of the Company.

According to Lynerlytica on 10 April, Vasi Shipping filed for bankruptcy and has an outstanding debt of $19 million owed to creditors. 

The company was established in Singapore in January 2012 and operated primarily in the Southeast Asia, Bay of Bengal, India subcontinent, Red Sea and Middle East Gulf routes. 

Vasi has stopped operating any ships since early March 2025.

 

Photo credit: Benjamin Child
Published: 6 May, 2025

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Winding up

Singapore: Notice of first and final dividend issued for East Marine Pte Ltd

First and final dividend to preferential creditors of East Marine is payable from 25 April through interbank transfer, reads notice in the Government Gazette.
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Published

2 weeks ago

on

April 29, 2025

By

steve pb from Pixabay

A notice was published in the Government Gazette on Friday (25 April), regarding the first and final dividend to preferential creditors of East Marine Pte Ltd.

The following are details of the notice of dividend of the company:

Name of Company : East Marine Pte Ltd (In Creditors’ Voluntary Liquidation)
Singapore UEN : 198601345E
Address of Registered Office : 8 Wilkie Road #03-08 Wilkie Edge, Singapore 228095
Amount per centum : 100.00 per centum of all admitted preferential claims pursuant to Section 203(1)(d), (e), (g) and (h) of the Insolvency, Restructuring and Dissolution Act 2018
First and final or otherwise : First and final
When payable : 25 April 2025 onwards
Where payable : Interbank transfer (all bank charges shall be borne by the recipient of the preferential dividend payment)

Related: Singapore: East Marine Pte Ltd to be wound up voluntarily

 

Photo credit: steve pb from Pixabay
Published: 29 April, 2025

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Winding up

Singapore: Liquidator schedules final meeting for Kukuh Shipping Pte Ltd

Final meeting of members of the company will be held at 9 Raffles Place, #19-20 Republic Plaza Tower 2, Singapore 048619 on 26 May at 10 am, according to Government Gazette notice.

Admin

Published

2 weeks ago

on

April 28, 2025

By

RESIZED Jo_Johnston from Pixabay

The final meeting of members for Kukuh Shipping Pte Ltd, has been scheduled to take place on 26 May, according to the company’s liquidator on a notice posted on Friday (25 April) on the Government Gazette.

The meeting will be held at 9 Raffles Place, #19-20 Republic Plaza Tower 2, Singapore 048619 at 10 am. 

It is being held for the purpose of receiving an account from the liquidator showing the manner in which the winding-up has been conducted and of hearing any explanation that may be given by the liquidator. 

According to SGPBusiness, a business directory for companies registered in Singapore, the company’s principal activity is in shipping, including chartering of ships and boats with crews.

The details of the liquidator are as follows:

Cheng Sam Tai Catherine
Liquidator
c/o Crowe Horwath First Trust Corporate Advisory Pte. Ltd.
9 Raffles Place, #19-20 Republic Plaza Tower 2, Singapore 048619

 

Photo credit: Jo_Johnston from Pixabay
Published: 28 April, 2025

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