Two notices were published in the Government Gazette on Friday (20 May) regarding the winding up process of marine fuel supplier Southernpec (Singapore) Pte Ltd’s (SSPL) sister firm Southernpec (Singapore) Shipping Pte Ltd (SPSPL).
In the first notice, SPSPL’s liquidator Wong Joo Wan issued a notice of intended dividend.
Creditors are to produce proofs of debt to the liquidator by 6 June 2022.
Contact details of the liquidator are as follows:
c/o Alternative Advisors Pte Ltd
1 Commonwealth Lane
#06-21 One Commonwealth
Singapore 149544
In the second notice, Wong scheduled a meeting of creditors for SPSPL via video conferencing (Zoom platform) on 31 May 2022 at 4.00 p.m. for the following purposes:
Agenda
A creditor may appoint a proxy to attend and vote instead of him and that proxy need not himself be a creditor.
The instrument appointing the proxy must be deposited at the above office not later than 4.00 p.m. on the day before the meeting.
To entitle creditors to attend and vote there at, Proof of Debt and the supporting documents must be lodged with the Liquidator’s office at Alternative Advisors Pte Ltd, 1 Commonwealth Lane, #06-21 One Commonwealth, Singapore 149544 or via email to [email protected] and [email protected] not later than 4.00 p.m. on the day before the meeting.
Details of the above meeting will be circulated to creditors who have lodged the relevant proxy forms, instrument appointing the proxy and Proof of Debt by the stipulated deadline.
Related: Court 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: Benjamin-child
Published: 23 May, 2022
Parties have signed a Letter of Intent covering the development by Carbon Sink of green methanol bunker fuel production facilities in the United States.
Glencore previously commenced Singapore International Arbitration Centre Emergency Applications against Straits Pinnacle but those applications were dismissed, according to documents obtained by Manifold Times.
Company spokesman for Torm notes of ‘minor delay’; while scrubber installations of DHT Holdings and Swedish Stena Bulk have been respectively postponed.
The Kingdom of Bahrain to host 29th Annual Middle East Petroleum & Gas Conference, the longest running annual oil and gas conference in the Middle East.
Seeks SGD 600,000 from Martin Chua Lee Siong, the director of several local bunkering firms including Star Formula Pte Ltd and MB Marine Pte Ltd.
Vessels have structural notation to be LNG Ready, with Euronav and Daehan Shipbuilding working closely to also have structural notation to be Ammonia and Methanol Ready.
KPI OC seeking to recover debt of USD 805,602.15 over five bunker deliveries, not including accrued interest of about USD 363,000 since 15 September, showed court documents obtained by Manifold Times.
Discussions around the need to develop methanol bunkering operations are taking place at numerous ports ahead of estimated demand of above 7M mtpa by 2030, says Chris Chatterton of Methanol Institute.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
