Asia/Pacific News
Intended Dividend Notices Issued for Ocean Bunkering and Hin Leong Marine
Intended dividend notices have been issued for former Singapore bunker supplier Ocean Bunkering Services and sister firm Hin Leong Marine International.
The notices concern an intended dividend for creditors, with September 4 set as the last day for receiving proofs, according to notices published in Singapore’s Government Gazette on Friday.
Ocean Bunkering Services is in creditors’ voluntary liquidation, while Hin Leong Marine International is in liquidation under a High Court of Singapore case.
Ocean Bunkering Services was removed from the city-state list of licensed bunker suppliers in 2021 after the collapse of Hin Leong Trading.
Ocean Bunkering had been listed as the city-state's third-largest supplier by volume in 2019.
Leow Quek Shiong and Gary Loh Weng Fatt of BDO Advisory are acting as liquidators for both companies.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 907.00 | 14.50 | 1261.00 | 13.50 |
| Rotterdam | 736.50 | 1.50 | 1381.50 | 13.00 |
| Houston | 763.00 | 5.50 | 1396.00 | 2.50 |
| Fujairah | 987.50 | 14.50 | 1687.00 | 10.00 |
| APAC Average | 996.00 | 2.50 | 1457.50 | 3.00 |
| Global 20 Ports Average | 896.00 | 8.50 | 1518.00 | 1.50 |
| Global 4 Ports Average | 848.50 | 9.00 | 1431.50 | 10.00 |
| Global Average Bunker Price | 948.00 | 4.00 | 1585.00 | 0.50 |
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