Connect with us

Business

Singapore: Provisional liquidators appointed for An Hui Shipping, Nan Yi Maritime

An electronic meeting of creditors of both companies will be held on 24 August 2021; a copy of agenda circulated to all known creditors.

Admin

Published

on

drew beamer 679505 unsplash 1

Personnel from Grant Thornton Singapore have been appointed as provisional liquidators of Nan Yi Maritime (Pte.) Ltd. (UEN: 200814293G) and An Hui Shipping Pte. Ltd. (UEN: 201207031N) on 29 July, according to a Friday (6 August) notice on the Singapore Gazette.

The development took place after the Directors of both shipping companies declared the entities were unable to continue their businesses due to respective liabilities.

As such, an electronic meeting of creditors of the companies will be held on the 24th day of August for the purpose of allowing the creditors consider, and if thought fit, pass the resolutions set out below:

  1. To receive a full statement of the Company’s affairs together with a list of creditors and the estimated amount of their claims.
  2. To appoint liquidators.
  3. To be authorised to appoint solicitors to (i) assist the liquidators in the liquidators’ duties; and/or (ii) to bring or defend any action or legal proceeding in the name and on behalf of the Company.

A copy of the detailed agenda for the meeting of creditors of Nan Yi Maritime and An Hui Shipping has been circulated to all known creditors via registered post and email, informed the provisional liquidators.

Any creditor of the firms who has not received the detailed agenda by this date is invited to contact its representatives at Ms. Gwee Hui Fang ([email protected]) and Ms. Yuen Ling Wong ([email protected]). where upon satisfactory verification, a copy of the detailed agenda will be provided.

Related: Singapore: Xihe Group affiliated “Ocean Pegasus” sold for USD 17 million
Related: Singapore: Creditors to file debt claims for Xin Bo Shipping by 14 June
Related: Singapore: Provisional liquidators appointed for Hua Xin Shipping, Hua Guang Shipping
RelatedProvisional liquidators appointed for Xihe subsidiaries, call for creditor’s meeting
RelatedJMs of An Guang Shipping and other Xihe subsidiaries call for creditors meeting
RelatedGrant Thornton Singapore appointed interim judicial managers for Xihe subsidiaries
RelatedXihe Holdings supervisor to place seven tankers for sale in an attempt to repay creditors

 

Photo credit: Drew Beamer
Published: 10 August, 2021

Continue Reading

Wind-assisted

Singapore: EPS orders its first wind-assisted propulsion system for tanker

Firm signed a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard “Pacific Sentinel”.

Admin

Published

on

By

Singapore: EPS orders its first wind-assisted propulsion system for tanker

Singapore-based Eastern Pacific Shipping (EPS) on Thursday (22 February) said it signed a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Suitable for both newbuilds and retrofit projects, the system delivers energy efficiency and cost savings for a broad range of vessels, regardless of their size and age.

Singapore: EPS orders its first wind-assisted propulsion system for tanker

José Miguel Bermudez, CEO and co-founder at bound4blue, said: “Signing an agreement with an industry player of the scale and reputation of EPS not only highlights the growing recognition of wind-assisted propulsion as a vital solution for maximising both environmental and commercial benefits, but also underscores the confidence industry leaders have in our proven technology.”

“It’s exciting to secure our first contract in Singapore, particularly with EPS, a company known for both its business success and its environmental commitment.”

“We see the company as a role model for shipping in that respect. As such this is a milestone development, one that we hope will pave the way for future installations across EPS’ fleet, further solidifying our presence in the region.”

Cyril Ducau, Chief Executive Officer at EPS, said: “EPS is committed to exploring and implementing innovative solutions that improve energy efficiency and reduce emissions across our fleet.” 

“Over the past six years, our investments in projects including dual fuel vessels, carbon capture, biofuels, voyage optimisation technology and more have allowed us to reduce our emissions intensity by 30% and achieve an Annual Efficiency Ratio (AER) of 3.6 CO2g/dwt-mile in 2023, outperforming our emission intensity targets ahead of schedule. The addition of the bound4blue groundbreaking wind assisted propulsion will enhance our efforts on this path to decarbonise.”

“With this project, we are confident that the emission reductions gained through eSAILs® on Pacific Sentinel will help us better evaluate the GHG reduction potential of wind assisted propulsion on our fleet in the long run.”

Pacific Sentinel will achieve a ‘wind assisted’ notation from class society ABS once the eSAILs® are installed. 

 

Photo credit: Eastern Pacific Shipping
Published: 23 February, 2024

Continue Reading

Crime

Vietnam: Two ships seized over 170,000 litres of unknown origin diesel oil

Vietnam Coast Guard said vessels were transporting various quantities of oil cargo: KG-91487- DR was transporting about 145,000 litres and KG-91602-TS transported about 25,000 litres.

Admin

Published

on

By

Vietnam: Two ships seized over 170,000 litres of unknown origin diesel oil

The Vietnam Coast Guard on Tuesday (20 February) said it seized a total of about 170,000 litres of unknown origin diesel oil in an operation. 

Patrol boats belonging to Coast Guard Region 4 Command detected two fishing boats – KG-91487- DR and KG-91602-TS – displaying several suspicious signs.

Initial investigations found all vessels without invoices and documents proving legal origin of the oil material.

The vessels were transporting various quantities of oil material: KG-91487- DR was transporting about 145,000 litres and KG-91602-TS transported about 25,000 litres.

The authorities made records of administrative violations,and escorted the vessels to Fleet Port 422 in Phú Quốc city, Kiên Giang province for further investigations and handling in accordance with the law.

 

Photo credit: Vietnam Coast Guard
Published: 23 February, 2024

Continue Reading

LNG Bunkering

Galveston LNG Bunker Port joins SEA-LNG coalition

SEA-LNG said move will further enhance its LNG supply infrastructure expertise and global reach, while giving GLBP access to the latest LNG pathway research and networking opportunities.

Admin

Published

on

By

Galveston LNG Bunker Port joins SEA-LNG coalition

Galveston LNG Bunker Port (GLBP), a joint-venture between Seapath Group, one of the maritime subsidiaries of the Libra Group, and Pilot LNG, LLC (Pilot), a Houston-based clean energy solutions company, has joined SEA-LNG, according to the latter on Wednesday (21 February). 

SEA-LNG said the move will further enhance its LNG supply infrastructure expertise and global reach, while giving GLBP access to the latest LNG pathway research and networking opportunities.

GLBP was announced in September 2023 and will develop, construct and operate the US Gulf Coast’s first dedicated facility supporting the fuelling of LNG-powered vessels, expected to be operational late-2026.

The shore-based LNG liquefaction facility will be located on Shoal Point in Texas City, part of the greater Houston-Galveston port complex, one of the busiest ports in the USA. This is a strategic location for cruise ship LNG bunkering in US waters, as well as for international ship-to-ship bunkering and cool-down services. GLBP will offer cost-effective turn-key LNG supply solutions to meet growing demand for the cleaner fuel in the USA and Gulf of Mexico.

Jonathan Cook, Pilot CEO, said: “With an initial investment of approximately $180 million, our LNG bunkering facility will supply a vital global and U.S. trade corridor with cleaner marine fuel. We recognise that SEA-LNG is a leading partner and a key piece of the LNG bunkering sector, and will give us access to insights and expertise across the entire LNG supply chain.

“LNG supports environmental goals and human health by offering ship operators immediate reductions in CO2 emissions and virtually eliminating harmful local emissions of sulphur oxides (SOx), nitrogen oxides (NOx) and particulate matter.”

President of Seapath, Joshua Lubarsky, said: “We are very pleased to be supporting the decarbonization of the maritime industry through strategic, and much needed, investments into the supply of alternative fuels.  We are also happy to be a part of SEA-LNG which has done a wonderful job in advocating for advancements in technology in this vital sector.”

Chairman of SEA-LNG Peter Keller, said: “We’re proud to welcome another leading LNG supplier to the coalition and are looking forward to a mutually beneficial relationship. With every investment in supply infrastructure in the US and worldwide, the LNG pathway’s head start increases. Global availability, alongside bio-LNG and e-LNG development, makes LNG the practical and realistic route to maritime decarbonisation.

“All alternative fuels exist on a pathway from grey, fossil-based fuels to green, bio or renewable fuels. Green fuels represent a scarce resource and many have scalability issues, so we must start our net-zero journey today with grey fuels. LNG is the only grey fuel that reduces greenhouse gas emissions, well-to-wake, so you need less green fuel than alternatives to improve emissions performance.”

 

Photo credit: SEA-LNG
Published: 23 February, 2024

Continue Reading
Advertisement
  • EMF banner 400x330 slogan
  • SBF2
  • v4Helmsman Gif Banner 01
  • Aderco advert 400x330 1
  • Consort advertisement v2
  • RE 05 Lighthouse GIF

OUR INDUSTRY PARTNERS

  • Singfar advertisement final
  • HL 2022 adv v1
  • 102Meth Logo GIF copy
  • Triton Bunkering advertisement v2


  • CNC Logo Rev Manifold Times
  • metcore
  • endress
  • Victory Logo
  • Innospec logo v6
  • Kenoil
  • Central Star logo
  • E Marine logo
  • Energe Logo
  • Manifoldtimes LogoAdv 300x300px
  • Headway Manifold
  • Advert Shipping Manifold resized1
  • 400x330 v2 copy
  • VPS 2021 advertisement

Trending