A notice was published in the Government Gazette on Monday (22 March) regarding the restructuring of Xihe Holdings Pte Ltd subsidiary Xin Bo Shipping Pte Ltd.
According to the notice, Seshadri Rajagopalan and Paresh Tribhovan Jotangia of Grant Thornton Singapore Private Limited, have been appointed as joint judicial managers of the company.
The appointment was made through a resolution passed during a creditors meeting held on Friday, 19 March.
The published contact details of the Judicial Managers are:
8 Marina View,
#40-04/05 Asia Square Tower 1,
Singapore 018960.
Related: Xihe Holdings files for judicial management and winding up of Xihe Capital subsidiaries
Related: Judicial Managers of Xihe Holdings and subsidiaries call for first creditors meeting
Related: Judicial Managers appointed for Xihe Holdings subsidiary, Xin Hui Shipping
Related: Singapore: Additional Xihe Holdings subsidiaries to be placed under judicial management
Related: Singapore: Xihe Holdings and subsidiaries to be placed under judicial management
Related: Xihe Holdings supervisor to place seven tankers for sale in an attempt to repay creditors
Related: Xihe Holdings placed under IJM as OCBC reverses decision for ‘consensual restructuring’
Related: Xihe Capital and subsidiaries, Nan Guang Maritime to undergo voluntary liquidation
Related: Xihe replaces Directors, forms new management team to chart fresh course for Group
Photo credit: Drew Beamer
Published: 23 March, 2021
Plans to increase fuel’s flash point in July by ‘shutting in the Cimatti field off Western Australia’; its target is to export two Vincent crude cargoes per month.
Owner of Prime South should have done due diligence to ensure legitimacy of the charterer, says industry observer.
Early positive vaccine news has already led to signs of this — the price of 0.5pc fuel oil in Rotterdam has increased by more than $100/t since the start of November, it said.
Escolar provided low sulphur marine gas oil to the 19,127 dwt bulk carrier BMC Endora on Saturday evening.
Firm would be ‘forced to enter into a full liquidation process’ if approach does not work, it warns.
Requests European Commission to investigate fair competition violation of shipping firms.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
NBF mulls use of blockchain-based registry of trade finance transactions as secure central database for the banking industry to streamline documentation processes and resolve transparency issues.
