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‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Creditors’ meeting has been scheduled to be held electronically on 1 February at 10.30 am and Foo Kon Tan LLP has been appointed the company’s liquidator.
Group’s decision is based on Tumpuan Megah’s substantial contribution through its bunkering business to the company’s profits as well as projected earnings.
Election results will be announced during AGM at the end of February 2021 and newly elected board members will take up their positions in April.
Custom designed facility enables the company to offer independent service for scrubber repair and overboard piping solutions in North America for the first time.
Titan LNG said it has identified the Western Scheldt as a strategic location for LNG bunkering and its application has been approved by the relevant authorities.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
The special resolution was passed at a recent creditors meeting held on Wednesday, 30 December 2020; AAG Corporate Advisory appointed as liquidators.
