• Follow Us On Our Preferred Social Media Platform:

Singapore: Notice of intended dividend announced for Brightoil bunker tanker SPVs

18 Feb 2022

Acres Advisory Private Limited, the liquidator of several special purpose vehicles (SPVs) ultimately under Brightoil Petroleum (Holdings) Limited, has issued a notice of intended dividend at the Government Gazette on Thursday (17 February).

The development affects Brightoil 319 Oil Tanker Pte. Ltd., Brightoil 329 Oil Tanker Pte. Ltd., Brightoil 639 Oil Tanker Pte. Ltd., Brightoil 666 Oil Tanker Pte. Ltd., and Brightoil 688 Oil Tanker Pte. Ltd.

Creditors are to produce proofs of debt to liquidators Acres Advisory Private Limited by 25 February 2022.

Contact details of the liquidator are as follows:

Tee Wey Lih
c/o Acres Advisory Private Limited
531A Upper Cross Street
#03-128 Hong Lim Complex
Singapore 051531

A complete coverage of the events leading to the current development is as follows:

Related: Creditors meeting for Brightoil tanker SPVs scheduled to take place in September
RelatedBrightoil Director declares oil tanker SPVs unable continue business
RelatedBrightoil bunker tanker trio “329”, “326”, “319” bought by Singapore firms
RelatedBrightoil bunker tankers “688”, “666”, “639” undergo Singapore court auction
RelatedSingapore: Brightoil bunker tanker trio “329”, “326”, “319” up for sale
RelatedVLCC “Brightoil Gem” held under auction by Haikou Maritime Court
RelatedSingapore: Brightoil bunker tanker trio “329”, “326”, “319” up for sale
RelatedHong Kong: Brightoil reaches settlement with Petco Trading Labuan
RelatedBrightoil: Third quarter update on business ops and resumption process
RelatedBrightoil provides updates on winding up petitions at SG, HK courts
RelatedBrightoil: Independent non-executive Directors leave over audit review
RelatedBrightoil issues update on winding-up petition and sale of vessels
RelatedDr Sit Kwong Lam returns to Brightoil as Strategic Adviser
RelatedBrightoil Petroleum announces new Chairman and acting CEO
RelatedBrightoil former Chairman undertook $1.4 billion in personal guarantees
RelatedOfficial: Dr Sit Kwong Lam leaves Brightoil Petroleum Holdings
RelatedHong Kong High Court issues bankruptcy order against Brightoil Chairman
RelatedBrightoil aggregate debt has reached approximately $1.9 billion, it updates
RelatedBrightoil creditor claims amount to US $250 million, potential debt reorganisation
RelatedBrightoil to defend against winding up petition at Hong Kong court
RelatedSingapore: Brightoil to apply for six-month moratorium order at High Court
RelatedBrightoil: Plans to sell Zhoushan oil storage terminal, 15 vessels
RelatedShell to offload crude oil cargo from arrested “Brightoil Lion” tanker
RelatedBrightoil VLCC and Aframax tanker arrested at Singapore port
RelatedSingapore: Players to get fuel oil cargoes back from Brightoil bunker tankers
RelatedSingapore: Petrolimex v Brightoil case progresses to Pre Trial Conference
RelatedSingapore: Brightoil bunker creditor list growing with new firms
RelatedSingapore: Petrolimex owed over USD $30 million by Brightoil
RelatedBrightoil signals return to the shipping sector, starts reorganisation of debt
RelatedSingapore: Brightoil bunker tanker fleet placed under Sheriff’s arrest
RelatedSingapore: Toyota Tsusho Corporation seeking $21 million from Brightoil
RelatedQatar National Bank seeks USD $21.59 million debt from Brightoil


Photo credit: Manifold Times
Published: 18 February, 2022

Related News

Featured News

Our Industry Partners

PR Newswire