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Update: Hearing date set for HSBC application to place Zenrock under judicial management

Messrs Wong Pheng Cheong Martin, Bob Yap Cheng Ghee and Toh Ai Ling of KPMG Services Pte. Ltd. have been nominated to act jointly as Judicial Managers.

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HSBC Holdings Plc’s earlier reported application for Singapore-based oil trading firm Zenrock Commodities Trading to be placed under judicial management has been scheduled for a hearing at 10 am on 13, July according to a notice published by the High Court of Singapore seen by Manifold Times.

Messrs Wong Pheng Cheong Martin, Bob Yap Cheng Ghee and Toh Ai Ling all part of KPMG Services Pte. Ltd. have been nominated, to act jointly and severally, as the Judicial Managers by HSBC.

Related: Zenrock assents to HSBC’s application for it to be placed under judicial management
Related: HSBC accuses Zenrock of fraudulent dealings, files for legal action amid credit concerns
Related: Winson Group and ZenRock Commodities reassure fiscal stability despite Hin Leong fiasco


Photo credit: HSBC
Published: 29 June, 2020

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Vessel Arrest

Malaysia: MMEA detains oil tanker and cargo ship for illegally anchoring in Johor waters

Sierra Leone-registered cargo vessel was detained at 13.5 nautical miles east of Tanjung Penawar and a tanker registered from Comoros at south-east nine nautical miles, Tanjung Balau.

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Malaysia: MMEA detains oil tanker and cargo ship for illegally anchoring in Johor waters

The Johor Malaysian Maritime Enforcement Agency (MMEA) on Monday (22 April) said an oil tanker and a cargo ship were detained in two enforcement operations for anchoring illegally on 21 April.

Johor MMEA director First Admiral Nurul Hizam Zakaria said both ships were detained by MMEA operational teams at different locations in Johor waters.

A Sierra Leone-registered cargo vessel that was detained at 11am at 13.5 nautical miles east of Tanjung Penawar.

The second incident involved a tanker, registered in Comoros, at the south-east nine nautical miles, Tanjung Balau.

Malaysia: MMEA detains oil tanker and cargo ship for illegally anchoring in Johor waters

A tanker, registered in Comoros, was detained nine nautical miles southeast of Tanjung Balau

The detained cargo ship crew consisted of 15 Bangladeshi and Indonesian nationals, aged between 25 to 56, while the tanker was operated by 29 Indian, Pakistani and Iranian nationals aged between 21 to 54.

The captain and crew members were brought to the Tanjung Sedili Maritime Zone for further investigation under Section 491B(1)(L) of the Merchant Shipping Ordinance 1952.

Since 24 March 2021, a total of 297 merchant vessels were detained including 34 ships recorded for 2024 so far. 

 

Photo credit: Malaysian Maritime Enforcement Agency
Published: 24 April 2024

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Vessel Arrest

Singapore: Chemical tanker “Green Land” placed under Sheriff’s arrest, boxship also detained

Ships including “Xin Xin Shan” were added to list of vessels under Sheriff’s arrest in Singapore’s court system; arrests were made on behalf of law firms PDLegal LLC and DennisMathiew.

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Saint Kitts and Nevis-flagged oil and chemical tanker Green Land was arrested in Singapore waters on Wednesday (17 April). 

The 46,136 DWT vessel was added to the list of vessels under Sheriff’s arrest in Singapore’s court system. 

According to the list, the vessel was arrested at 3.30pm and the arresting solicitor listed was law firm PDLegal LLC. The ship is currently held at Global OM (Offshore & Marine) – Grid 3816C. 

No further details regarding the reason behind the arrest were provided in the list. 

China-flagged container ship Xin Xin Shan was also placed under Sheriff’s arrest at 12.10pm on 20 April.  The ship is currently held at Eastern Anchorage and the arresting solicitor listed was law firm DennisMathiew. 

 

Photo credit: Admiral Gulf / MarineTraffic
Published: 23 April 2024

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Winding up

Singapore: Liquidator issues notice of dividend for Paliy Marine Engineering

Liquidator of Paliy Marine Engineering, which is undergoing voluntary liquidation, issued a notice on the first and final dividend.

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A notice of dividend for Paliy Marine Engineering Pte Ltd, which is undergoing voluntary liquidation, was published on the Government Gazette on Friday (19 April).

The following is the details of the notice:

Name of Company : Paliy Marine Engineering Pte. Ltd. (In Creditors’ Voluntary Liquidation) 

Unique Entity No. / Registration No. : 199608223D 

Address of Former Registered Office : 149 Rochor Road #03-28 Singapore 188426 

Amount per centum : 100 per centum of all admitted preferential claims 12.21 per centum of all admitted ordinary claims 

First and Final or otherwise : First and Final 

Name of Liquidator : Abuthahir Abdul Gafoor 

Address of Liquidator : c/o AAG Corporate Advisory Pte. Ltd. 144 Robinson Road #14-02 Robinson Square Singapore 068908

According to SGP Business website, the firm’s principal activity is building and repairing of ships, tankers and other ocean-going vessels. 

Related: Singapore: Paliy Marine Engineering liquidator issues intended dividend notice

 

Photo credit: steve pb from Pixabay
Published: 23 April 2024

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