UE Tankers, the subsidiary of former Singapore bunker supplier and bunker craft operator Universal Energy, is scheduled to host a final meeting for creditors on 15 March at its office.
“Notice is hereby given that pursuant to Section 308 of the Companies Act, Cap.50, the Final Meeting of the Company and the creditors will be held at 60 Paya Lebar Road #04-46 Paya Lebar Square Singapore 409051, on 15 March 2019 at 11:00 a.m. for the purposes of having an account laid before the meeting showing the manner in which the winding-up has been conducted and the property of the Company has been disposed of and hearing any explanation that may be given by the Liquidator,” informed liquidator Seah Chee Wei in a public notice on Friday (15 February).
In 2016, Universal Energy was ranked as the third largest supplier of marine fuel (by volume) at Singapore port.
The Maritime and Port Authority of Singapore (MPA) in August 2017 said it will not be renewing the bunker supplier and bunker craft operator licences of Universal Energy.
“Universal Energy Pte Ltd accumulated demerit points for delivery of bunkers that were severely aerated as well as stoppages during bunkering operations,” said MPA.
It added staying clear of the demerit points threshold is “a key requirement for the renewal of bunker licences under the terms and conditions of the licences.”
Jointly developed by MPA and the Singapore Shipping Association and implemented on 1 June 2003, the demerit points system is part of the Accreditation Scheme for Bunker Suppliers. The Scheme aims to recognise good bunker suppliers and deter malpractice in the industry.
Annual renewal of the bunkering licence is subject to bunker suppliers achieving the accreditation qualifications.
Published: 15 February, 2019
Organised by MPA, SIBCON 2020 takes place on an interactive virtual platform for the first time with around 1,200 delegates from 42 countries.
Plans to promote the growth of non-traditional maritime players such as bunker fuel measurement consultancy Metcore International.
‘We look forward to welcoming key leaders from around the world to Singapore next October,’ says MPA.
Representatives of Oldendorff, Stena Bulk, Fratelli Cosulich, and TOTAL Marine Fuels Global Solutions discuss IMO 2020, activities in the last 12 months, and future bunker industry developments.
Highlight of event was Innovation Arena, which showcased eight start-up companies supporting new thinking.
Report showcases pioneering efforts made by Nordic countries to reduce shipping environmental impact and encourage more cohesive global decarbonisation efforts.
Fast Energy Sdn Bhd is currently exploring collaboration with a major Malaysian bunker supply firm operating at Port Klang; the operation will be supported by CCK Petroleum upon finalisation.
Veritas Petroleum Services records numerous contaminants such as plastic, fibres, black gum, paraffins, fatty acids, and other component found in the off-spec RMK 700 marine fuel.
Course includes topics on valid and binding transactions; quality or quantity disputes; shipping issues; contract termination; claims; insolvency and others. Registration closes 25 February 2021.
All bunker vessels that have received the necessary clearance for out of port bunkering operations may do so at the stated Tompok Utara coordinates only or risk penalty, according to the MMEA.
The COVID-19 pandemic continues to evolve and MPA is working closely with other agencies to monitor the situation, both globally and in Singapore, the port authority tells Manifold Times.
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
