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Winding-Up Order Application Approved for Inter-Pacific Petroleum
by Ship & Bunker News Team
Tuesday April 6, 2021 An application for a winding-up order filed by the judicial managers of former
Singapore bunker supplier Judicial managers
March 25, according to a notice published in Singapore s
Government Gazette last week. All creditors of the abovenamed company should file their proof of debt with the liquidators who will be administering all affairs of the company, the judicial managers said in the notice. Named as the country s
26th biggest player by volume for
2018, IPP in
July 2019 had its bunker craft operator licence suspended and then cancelled as part of a
Inter-Pacific Petroleum Judicial Managers File Winding-Up Application
by Ship & Bunker News Team
Friday March 12, 2021 The judicial managers of former
Singapore bunker supplier Judicial managers February 24, according to a notice published in Singapore s
Government Gazette on Thursday. High Court on
March 25. 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, according to the notice. Named as the country s
26th biggest player by volume for
2018, IPP in July 2019 had its bunker craft operator licence suspended and then cancelled as part of
Another Bank Narrows Its Presence in Commodity Trade Finance
by Ship & Bunker News Team
Tuesday January 19, 2021
Netherlands-based
Rabobank has joined the club of lenders backing off from commodity trade finance, in what may herald tighter access to credit for the bunker industry. Rabobank plans to streamline its trade and commodity finance offering by closing terminating this activity in its
London,
Global Trade Review reported Tuesday, citing a letter from the bank to its clients. The move has been accelerated by rapidly changing global markets due to the Covid pandemic, trade wars and changing banking landscape, the publication cited Rabobank as saying.