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Winding up

Singapore: Meetings of creditors, contributories scheduled for Da Shun Shipping Pte Ltd

Liquidator of the company will provide an update on the status of the liquidation of the company, according to Government Gazette notices.

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RESIZED Drew Beamer

A meeting for creditors of Da Shun Shipping Pte Ltd , which is undergoing compulsory liquidation, has been scheduled to take place on 12 June, according to a Government Gazette notice on Friday (5 June). 

The meetings will be held by videoconference only at 2pm (Singapore time). 

In another notice, the liquidator of the company, Yit Chee Wah, said a meeting of the contributories will also be held by videoconference on 12 June at 3.30pm (Singapore time).

The agenda of the meetings will be as follow:

  • To provide an update on the status of the liquidation of the Company i.e. to consider a compromise or an arrangement amongst the creditors and contributories of the Company; and
  • Any other business.

Notes:

  1. Particulars of the claims of any creditors who wish to attend and vote at this meeting must be lodged with c/o FTI Consulting (Singapore) Pte Ltd, via email at [email protected] not later than 4:00 p.m. (Singapore time) on 11 June 2026. Secured creditors (unless they surrender their security) must give particulars, the date the security was received and its value if they wish to vote at the meeting.
  2. Proxies to be used at the meeting must be duly completed and lodged with c/o FTI Consulting (Singapore) Pte. Ltd. via email at [email protected] not later than 4:00 p.m. (Singapore time) on 11 June 2026.
  3. The meeting shall be held by videoconference only. Details of the videoconference will only be provided (via email) to those creditors who have registered their intent in attending the meeting.

 

Photo credit: Drew Beamer
Published: 9 June, 2026

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Singapore: Hawksbill Shipping and related companies to be wound up voluntarily

Creditors are required on or before the 6 July to send in their names and addresses and particulars of their debts or claims to appointed liquidators, according to Government Gazette notices.

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Several notices in the Government Gazette were published by the Director of Hawksbill Shipping Pte Ltd and related companies on Friday (5 June), regarding some resolutions that were passed in relation to the winding up of the companies. 

The other companies are Leatherback Shipping Pte Ltd and Matamata Shipping Pte Ltd.

The following resolutions were duly passed during an Extraordinary General Meeting for the companies on 29 May:

Special Resolutions

  1. That the Company be wound up as a Members’ Voluntary Liquidation pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.
  2. That the Liquidators may divide among the contributories in specie or kind the whole or any part of the assets of the Company.
  3. That the Liquidators be authorised to exercise any or all of the powers provided under Section 144(1)(b), (c), (d), (e), (f) and (g) of the Insolvency, Restructuring and Dissolution Act 2018.

Ordinary Resolution

  1. That Lee Yi Ying, Marie and Khor Boon Hong care of Baker Tilly Consultancy (Singapore) Pte Ltd, 600 North Bridge Road, #05-01 Parkview Square, Singapore 188778, be appointed joint and several Liquidators for the purpose of such liquidation.

In another notice, the liquidators said creditors for the companies are required on or before the 6 July to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the liquidators. 

The notice also applies to other companies including Posh Investment Holdings (Malaysia) Pte Ltd and Parang Shipping (2020) Pte Ltd. 

Liquidators may also require creditors to, “come in and prove their 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.”

The liquidators can be contacted at the following address:

Marie Lee
Khor Boon Hong
Joint Liquidators
C/o Baker Tilly
600 North Bridge Road
#05-01 Parkview Square
Singapore 188778

 

Photo credit: steve pb from Pixabay
Published: 9 June, 2026

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Winding up

Singapore: Notice of intended dividend issued for Xin Sheng Shipping Pte Ltd

Creditors of the companies will have to submit proof of debt to the liquidators of Xin Sheng Shipping by 22 June at 5 pm, according to Government Gazette notice.

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RESIZED Jo_Johnston from Pixabay

A notice to declare the intended dividend of Xin Sheng Shipping to its creditors has been posted on the Government Gazette on Monday (8 June).

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

Name of Company : Xin Sheng Shipping (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 199004277D
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 22 June 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

 

Photo credit: Jo_Johnston from Pixabay
Published: 9 June, 2026

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Winding up

Singapore: Court to hear Bunker Partner’s winding-up bid against Victory Shipping on 12 June

Estonia-based marine fuels and commodities trading company Bunker Partner filed an application for the winding up of Victory Shipping on 13 April.

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Singapore: Estonian firm Bunker Partner files bid to wind up of Victory Shipping

An application for the winding up of Victory Shipping Pte Ltd was filed by Estonia-based marine fuels and commodities trading company Bunker Partner is directed to be heard in the General Division of Singapore’s High Court at 10am on 12 June.

Manifold Times previously reported that the winding up application, filed on 13 April, was initially scheduled to be heard on 15 May. 

Victory Shipping, with representations in Malaysia, India and the U.A.E., operates dry bulk shipping contracts around the globe with voyages performed mainly in the Middle East and Southeast Asia.

Any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose.

A copy of the winding up application will be furnished to any creditor or contributory of the company requiring the copy of the winding up application by the solicitors of the applicant’s, Ming Law Asia, on payment of the regulated charge for the same.

The Applicant’s address is Liivalaia 36, 10132 Tallinn, Estonia.

The Applicant’s solicitors are Ming Law Asia of 28 Maxwell Road, #02-15 Maxwell Chambers Suites, Singapore 069120.

The notice said any person who intends to appear on the hearing of the winding up application must serve on or send by post to the Claimant’s solicitors, M/S MING LAW ASIA LLC of 28 Maxwell Road, #02-15 Maxwell Chambers Suites, Singapore 069120, a notice in writing of his intention to do so. 

The notice must state the name and address of the person, or, if a firm, the name and address of the firm, and must be signed by the person, firm, or his or their solicitors (if any) and must be served, or if posted, must be sent by post in sufficient time to reach the Claimant’s solicitors at least three clear working days before the day appointed for the hearing of the winding up application.

Manifold Times previously reported a virtual hearing between Victory Shipping and Integr8 Fuels Pte Ltd, organised by the High Court of the Republic of Singapore.

The event was to set aside a statutory demand served on 3 October 2025 by Integr8 Fuels lawyers under Section 125(2)(c) and Section 10 of the Insolvency, Restructuring and Dissolution Act 2018 (IRDA) against Victory Shipping, according to court documents obtained by the bunkering publication.

Integr8 Fuels provides bunker trading and brokerage services to shipowners and operators that enables them to optimise fuel procurement.

Related: Singapore: Estonian firm Bunker Partner files bid to wind up Victory Shipping
Related: Singapore: Victory Shipping aiming to set aside bankruptcy court process from Integr8 Fuels

 

Photo credit: Manifold Times
Published: 8 June, 2026

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