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Toyota Tsusho seeks off-spec bunker claim from Nustar Energy

IFO 380 exceeded ISO 8217:2010 for calcium, phosphorus and zinc; looking to claim total of $421,800.

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Toyota Tsusho Petroleum Pte. Ltd. (TTP) on Wednesday (27 March) filed a complaint at a U.S. Court against Nustar Energy Services, Inc. for alleged off-spec bunkers, according to documents obtained by Manifold Times.

Nustar physically delivered 840 metric tonnes (mt) of IFO 380 to the Singapore-registered 25,932 dwt chemical tanker M/V Beatrice (IMO 9674763) at the Port of Houston, Texas on 19 April, 2018.

The bunker samples were sent by both TTP and Nustar to different fuel testing laboratories and subsequently found to be exceeding ISO 8217:2010(E) specifications for calcium, phosphorus and zinc content.

As such, TTP is seeking a total $421,784.94 from NES through two claims.

It is claiming about $257,300 as payment used for replacing the off-spec IFO 380 NuStar sold to TTP as well as barging, survey, and other fees – minus the sale of off-spec bunkers.

TTP is also seeking reimbursement for $164,484.94 in damages claimed by the owners/operators of the M/V Beatrice against TTP including, but not limited to, additional port charges demurrage, deviation and more which has now been satisfied by TTP.

The M/V Beatrice is owned by Maruta Industries, show data from the Claritecs Asset Management system.

Photo credit: MarineTraffic / Duncan Williams
Published: 29 March, 2019

 

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Business

Singapore-based law firm Helmsman names Lin Yan Yan as Chief Executive Officer

Lin joins with over 15 years of senior leadership experience across Asia, most recently as Vice President at ONE Championship, Asia’s largest global sports media property.

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Singapore-based law firm Helmsman names Lin Yan Yan as Chief Executive Officer

Singapore-based multi-disciplinary law firm Helmsman LLC on Friday (24 July) announced the appointment of Lin Yan Yan as Chief Executive Officer.

Lin’s appointment took effect in June 2026.

Lin joined the company from ONE Championship, Asia’s largest global sports media property, where she served as Vice President with cross-functional responsibility across corporate development, commercial, and corporate affairs.

At ONE Championship, she led global teams, drove market expansion, and spearheaded strategic initiatives including the global distribution of ONE’s media rights worldwide, the structuring and closing of commercial partnerships with leading media, brand and government organisations, the launch and scaling of new business lines, and fundraising across multiple financing rounds. She also led ONE’s Analytics & Insights function and oversaw the organisation’s China business.

Earlier in her career, Lin was a strategy consultant at L.E.K. Consulting before transitioning into principal investing roles at Mission Holdings, VisVires Capital Asia, and Volta Circle. She began her professional career as a litigation lawyer at Drew & Napier LLC.

Lin holds an MBA from INSEAD, an LLB (Hons) from the National University of Singapore, and has completed MIT’s Applied Data Science Program. She is admitted as an Advocate & Solicitor of the Supreme Court of Singapore and is fluent in Mandarin.

Ian Teo, Managing Director, Helmsman, said: “We are delighted to welcome Yan Yan to Helmsman as our Chief Executive Officer. Yan Yan joins Helmsman at an exciting stage of the firm’s growth. 

“Her record of building and running complex organisations across Asia, combined with her deep commercial and strategic instincts, makes her exceptionally well-placed to lead the firm through its next chapter. We look forward to the energy and vision she brings to this role.”

 

Photo credit: Helmsman
Published: 24 July, 2026

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Winding up

Singapore: Notice of intended dividend issued for Xihe Holdings’ subsidiaries

Creditors will need to produce proofs of debt to liquidators of Da Xin Tankers and Nan Chiau Maritime by 5 August, according to Government Gazette notice.

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Two notices to declare the intended dividend of  Xihe Holdings’ subsidiaries to their creditors have been posted on the Government Gazette on Wednesday (22 July).

The subsidiaries are Da Xin Tankers Pte Ltd and Nan Chiau Maritime Pte Ltd. 

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

Name of Company : Da Xin Tankers (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 198400895W
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 : 5 August 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

 

Name of Company : Nan Chiau Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No.: 200814296Z
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 : 5 August 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: steve pb from Pixabay
Published: 23 July, 2026

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Winding up

Singapore: High Court to hear Norvic Shipping Asia winding up application on 31 July

Application for the winding up of Norvic Shipping Asia Pte Ltd was filed by Netherlands-registered Mur Shipping BV on 8 April, according to Government Gazette notice.

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An application for the winding up of Norvic Shipping Asia Pte Ltd was filed by Netherlands-registered Mur Shipping BV on 8 April, according to a Tuesday (21 July) notice on the Government Gazette.

It noted the winding up application is directed to be heard before the Judge sitting in the General Division of the High Court at 10am on 31 July.

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, Oon & Bazul LLC, on payment of the regulated charge for the same.

The Applicant’s address is Hiridostraat 5, Gebouw Prismatrium, 1101CW Amsterdam, The Netherlands.

The Applicant’s solicitors are Oon & Bazul LLC of 103 Penang Rd, #04-04/05/06 Singapore 238467. 

Queries on the winding up application may be directed to the following email addresses: [email protected] and [email protected].

 

Photo credit: Manifold Times
Published: 22 July, 2026

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