Asia/Pacific News
Intended Dividend Notice Issued for Former Bunker Firm Inter-Pacific Petroleum
Former Singapore bunker supplier Inter-Pacific Petroleum's liquidators have issued a notice of intended dividend, setting a July 6 deadline for creditors to submit proofs of debt.
The notice names Tan Wei Cheong and Lim Loo Khoon as joint and several liquidators, according to a notice published in Singapore's Government Gazette on Monday.
A winding-up order of the firm was approved in 2021.
A notice of intended dividend is typically issued before a distribution is made to creditors in a liquidation process.
Former Inter-Pacific Petroleum director Goh Jin Hian was cleared of liability in 2025 after Singapore's Appellate Division overturned a lower court ruling and found the insolvent bunker supplier had failed to prove that his breach of duty caused losses of $146 million.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 876.50 | 22.50 | 1323.00 | 44.50 |
| Rotterdam | 700.00 | 19.00 | 1408.50 | 8.50 |
| Houston | 739.00 | 13.50 | 1384.00 | 19.50 |
| Fujairah | 960.00 | 15.50 | 1694.00 | 18.50 |
| APAC Average | 975.00 | 3.00 | 1497.50 | 5.50 |
| Global 20 Ports Average | 873.00 | 12.50 | 1541.00 | 19.00 |
| Global 4 Ports Average | 819.00 | 18.00 | 1452.50 | 23.00 |
| Global Average Bunker Price | 925.50 | 3.50 | 1603.50 | 7.00 |
Popular Now More
-
Sep 29Shipergy brand and traders to stay within the enlarged group, while co-founder Daniel Rose leaves trading. -
Oct 02Secure the claim first, then settle at the earliest commercially sensible moment. -
Oct 02The attack was reported at 17:50 UTC on Thursday and resulted in a fire onboard the vessel.