Hin Leong Judicial Managers Make Winding-Up Application
by Ship & Bunker News Team
Monday February 22, 2021 The judicial managers of
Hin Leong Trading have filed an application for the company to be wound up.
Goh Thien Phong and
PricewaterhouseCoopers made the application, according to a notice published in Singapore s Government Gazette on Friday. High Court on Legal cases against Hin Leong founder
OK Lim and his family over alleged fraud at his company are still progressing through the courts. Its marine fuels unit,
Ocean Bunkering, is being wound up. The firm was listed in recent years as one of Singapore s largest bunker suppliers by volume.
CNC Petroleum Hires Sales Manager From Ocean Bunkering
by Ship & Bunker News Team
Tuesday February 2, 2021 Marine fuel supplier
Ocean Bunkering Services.
Jeffrey Tan joined the company as senior sales manager and head of bunkers last month, according to an update to his
LinkedIn profile.
Maritime and Port Authority lists the company as supplying marine gasoil only. Ocean Bunkering started to be wound up as a business last year following the downfall of its parent company, Hin Leong Trading. The firm was formerly one of Singapore s top bunker suppliers by volume.
Ship & Bunker News Team
FEATURE: The Bunker Industry s 2020 Fell Flat For All the Wrong Reasons
by Jack Jordan, Managing Editor, Ship & Bunker
Thursday January 7, 2021 No-one said 2020 was supposed to be an easy year for the bunker industry. A host of problems were expected last year: quality issues with the new fuels, a price shock worsening access to credit, and suppliers being forced out of business. A pandemic, coinciding with a collapse in OPEC s control of the oil markets, was not expected.
“ The industry now has to balance recovering from the COVID-19 era quickly with investing in the shift to zero-carbon fuels. Heading into 2021, the bunker industry is left in a much more consolidated state, with the largest suppliers and largest ports clinging on to a bigger slice of a slightly smaller global market.
Creditors Meeting Confirms Decision to Wind Up Ocean Bunkering
by Ship & Bunker News Team
Thursday December 24, 2020 An extraordinary general meeting of
Ocean Bunkering Services, formerly one of
Singapore s largest bunker suppliers, has confirmed the decision to wind up the company. It has been proved to the satisfaction of the meeting that the company cannot by reason of its liabilities continue its business,
Tan Thiam Hee, a director at Ocean Bunkering, wrote in a notice published in Singapore s
Government Gazette Wednesday.
December 15. BDO Advisory Pte Ltd have been appointed liquidators of the firm, according to the notice. Ocean Bunkering was the marine fuels unit of