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Coastal Oil Singapore: Creditor list surfaces in bunker market

Manifold Times obtains document purportedly showing total debt of approximately US $357 million to 79 firms.
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Published

7 years ago

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A document believed to be the creditor list of troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd has been distributed among peers within the Singapore bunkering network.

At least more than one source confirmed to Singapore bunker publication Manifold Times the authenticity of the document.

It noted Coastal Oil Singapore owing a total debt of approximately US $357 million (specifically: US $356,901,817.55) to 79 firms.

Out of the total US $357 million, banks were the hardest hit taking up about US $354 million (specifically: US $353,838,602.62), or 99.1%, of total credit owed.
 

OUTSTANDING LOAN –
LC AS OF 12 DECEMBER 2018
 		    
UOB HONG KONG USD 19,530,000.00
OCBC HONG KONG USD 122,744,988.00
SCB HONG KONG USD 15,616,060.86
DBS HONG KONG USD 29,933,575.92
RABO BANK HONG KONG USD 67,588,962.35
HSBC HONG KONG USD 40,093,383.84
BNP BANK HONG KONG USD 25,247,503.68
CMB BANK HONG KONG USD 9,971,751.64
BOCC BANK HONG KONG USD 19,933,548.49
BNP FUTURES USD 3,178,827.84
TOTAL OUTSTANDING LOAN (USD) 353,838,602.62

The remaining sum of US $3 million (specifically: US $3,063,214.93), or 0.9%, was mainly distributed between a variety of bunkering firms, cargo players, and shipping services providers.

Manifold Times first reported Coastal Oil (Singapore) on 13 December filing for liquidation as part of a creditors’ voluntary winding up operation.

The troubled firm last held a creditor’s meeting on December 28, 2018.

Related: Coastal Oil Singapore in US $380 million debt to at least 10 banks
Related: Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market
Related: Coastal Oil Singapore to hold creditors meeting on 28 Dec
Related: Breaking news: Coastal Oil Singapore under liquidation

Published: 7 January, 2019
 

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Winding up

Singapore: Final meeting scheduled for Tiger LNG Shipping Pte Ltd

Meeting will be held on 29 June at 190 Middle Road #17-05 Fortune Centre Singapore 188979 to hear any explanation that may be given by the liquidator, according to Government Gazette notice.
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Published

2 days ago

on

June 2, 2026

By

RESIZED Jo_Johnston from Pixabay

The final meeting for Tiger LNG Shipping Pte Ltd has been scheduled to take place on 29 June, according to the company’s liquidators on a notice posted on Friday (29 May) on the Government Gazette.

The meetings will be held at 10.30am at 190 Middle Road #17-05 Fortune Centre Singapore 188979. 

The meeting is being held for the purpose of having an account laid before the meeting showing the manner in which the winding up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the liquidator.

The following are the details of the liquidator:

LUM CHI LUP BENNY
c/o 190 Middle Road
#17-05 Fortune Centre
Singapore 188979

 

Photo credit: Jo_Johnston from Pixabay
Published: 2 June, 2026

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Winding up

Singapore: Annual general meetings scheduled for Xin Guang Shipping and An Xing Shipping

Annual general meeting of the company and creditors for An Xing Shipping and Xin Guang Shipping will be held by electronic means on 11 June and 12 June respectively.

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Published

7 days ago

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May 28, 2026

By

Resized benjamin child

Several notices were published on the Government Gazette on Tuesday (26 May) regarding the annual general meetings of the companies and creditors to be held electronically from 5 to 6 May for Xin Guang Shipping Pte Ltd and An Xing Shipping Pte Ltd. 

Annual general meeting for Xin Guang Shipping are to be held on 12 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

Annual general meeting for An Xing Shipping are to be held on 11 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

The agenda for all the meetings are:

  • To receive an update on the liquidation.
  • To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The following are the details of the liquidator: 

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

 

Photo credit: Benjamin Child
Published: 28 May, 2026

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Winding up

Singapore: Notice of intended dividend issued for Xihe Capital Pte Ltd

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.
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Published

1 week ago

on

May 25, 2026

By

RESIZED Drew Beamer

A notice to declare the intended dividend of Xihe Capital Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (15 April).

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

The following are the details of the notice of intended dividend:

Name of Company : XIHE CAPITAL (PTE.) LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION)

Unique Entity No. / Registration No. : 201727410K

Address of Registered Office : 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

Last Day for Receiving Proofs : 5 June 2026

Name of Liquidator : TAM CHEE CHONG

Address : c/o 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

 

Photo credit: Drew Beamer
Published: 25 May, 2026

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