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Straits Inter Logistics to contest USD 937,000 claim from ING Bank and O.W. Bunker Far East

Both companies allege Tumpuan Megah, a subsidiary of SIL, had entered into contracts both made ‘orally or by yahoo messenger’ and are seeking relief from damages.

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The Board of Directors of Malaysia-listed Straits Inter Logistics Berhad (SIL), the parent of Tumpuan Megah Development Sdn Bhd (TMD), on Wednesday (14 April) announced TMD had received a sealed Order dated 22 March 2021 and an undated Notice of Registration of Foreign Judgement.

The documents represent an attempt by ING Bank N.V and O.W. Bunker Far East (Singapore) Pte Ltd, creditors of the company, to enforce an English Judgment for approximately USD 937,000 (exact: USD 937,353.24) with interest and cost which TMD has disputed jurisdiction.

TMD is taking steps to strenuously resist this attempt to enforce an invalid arbitration award issued without jurisdiction, said SIL.

According to SIL, ING and O.W. Bunker alleged that between 17 October 2014 and 29 October 2014,

TMD and O.W. Bunker Singapore entered into contracts both made “orally or by yahoo messenger” whereby O.W. Bunker Singapore agreed to supply and/ or sell to TMD 423.73 metric tonnes (mt) of gas oil at a price of USD 753 per mt for delivery at the port of Pasir Gudang and 794.915 MT of gas oil at a price of USD775.50 per mt for delivery at the port of Kuantan respectively.


Photo credit: Straits Inter Logistics Berhad 

Published: 15 April, 2021

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Legal

Shipowner and captain fined for using heavy fuel oil around Svalbard

Foreign shipping company has been fined NOK 1 million for having sailed one of its cargo ships with heavy fuel oil on board within the territorial waters around Svalbard; captain has been fined NOK 30,000.

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A foreign shipping company has been fined NOK 1 million (USD 94,632) for having sailed one of its ships with heavy fuel oil on board within the territorial waters around Svalbard, which is a breach of the Svalbard Environment Act, according to the Governor of Svalbard on Thursday (13 June). 

In addition, the captain has been fined NOK 30,000.

On 6 June 2024, the cargo ship passed into Svalbard's territorial waters, despite the vessel having heavy fuel oil on board, which was established by an inspection carried out by inspectors from the Norwegian Maritime Directorate on the same day.

“This is a breach of Section 82a of the Svalbard Environment Act, which stipulates that ships calling at Svalbard cannot use or have heavy fuel oil as a means of transport. The provision applies to the whole of Svalbard and was introduced on 1 January 2022,” Lars Fause said. 

For the violation of Section 82a of the Svalbard Environment Act, the Governor of Svalbard has issued a forfeiture order against the foreign shipping company of NOK 1,000,000. In addition, the captain of the ship has been fined NOK 30,000.

“It is the first time that the Governor has fined a company in connection with a breach of the heavy oil provision on Svalbard,” he added. 

The fines have not been accepted. The shipping company provided a guarantee for the sum of the fine and was thus allowed to sail down from Svalbard on Wednesday evening, 12 June.

The main hearing in the case is scheduled for the Nord-Troms district court in early October.

 

Photo credit: Venti Views on Unsplash
Published: 20 June, 2024

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Business

Singapore: Xihe Capital liquidator issues notice of intended dividend

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

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A notice to declare intended dividend of Nan Shan Maritime Pte Ltd to its creditors has been posted on the Government Gazette on Monday (10 June).

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

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

Name of Company : XIHE CAPITAL (PTE.) LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION)
Unique Entity No. / Registration No. : 201727410K
Address of Registered Office : 10 ANSON ROAD, #10-10,INTERNATIONAL PLAZA, SINGAPORE 079903
Last Day for Receiving Proofs : 2 JULY 2024
Name of Liquidator : TAM CHEE CHONG
Address : c/o 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA, SINGAPORE 079903

Related: Singapore: Liquidator arranges creditors meeting for Xihe Capital
Related: Petition to place Xihe Capital subsidiaries under judicial management approved
Related: Creditors’ meeting for Xihe Capital and related shipping firms to take place in November

 

Photo credit: Drew Beamer
Published: 19 June 2024

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Winding up

Singapore: Final meetings scheduled for An Ping Shipping and related companies

Other companies involved are Da Wei Shipping, Da Kang Shipping, Da Jiang Shipping, Da Hua Shipping, Xin Jiang Shipping and Xin Rong Shipping.

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The final meetings of An Ping Shipping Pte Ltd and related companies have been scheduled to take place on 15 July, according to the company’s liquidator on a notice posted on Friday (14 June) on the Government Gazette.

The meetings will be held at 10 Anson Road, #10-10 International Plaza, Singapore 079903 on 15 July 2024.

The following are the list of the companies involved and timings of the meetings: 

Singapore: Final meetings scheduled for An Ping Shipping and related companies

The meetings are being held for the purpose of having an account laid before the members showing the manner in which the winding up has been conducted and the property of the respective company disposed of and of hearing any explanation that may be given by the Liquidators.

The following are details of the joint liquidators:

Tam Chee Chong
Liquidator
c/o 10 Anson Road
#10-10 International Plaza
Singapore 079903#05-01 Parkview Square
Singapore 188778

Note: A Member or Creditor of the Companies may vote either in person or by proxy. To be valid, proxies to be used at the Final Meeting must be lodged with the Liquidator’s office at least 48 hours before the meeting via email to [email protected].

 

Photo credit: Jo_Johnston from Pixabay
Published: 19 June, 2024

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