Business

Indonesia: Freepoint Commodities expands regional bunker business

Enters agreement with Pertamina to market low sulphur marine fuel avails from Sambu Island Fuel Terminal.

Published

7 years ago

May 6, 2019

Admin

The Singapore subsidiary of Freepoint Commodities, a U.S. based merchant of physical commodities and a financer of upper-and mid-stream commodity-producing assets, on Friday (3 May) entered an agreement with PT Pertamina to further develop the TBBM Sambu Island Fuel Terminal.

“Freepoint is one of the largest fuel traders and bunker suppliers in the western hemisphere (Western Hemisphere),” said Sheldon Pang, Vice Chairman of Freepoint Commodities.

“We are very happy to be able to join hands with Pertamina to support Indonesia's oil infrastructure improvement plans and the development of low sulphur bunkering businesses in Indonesia.”

The collaboration will arrange Pertamina as a supplier of products stored and blended at TBBM Pulau Sambu, while terminal operations carried out by Pertamina would be optimised and supported by Freepoint.

In addition, Pertamina will also have the option of purchasing final products from TBBM Pulau Sambu for both domestic and trading purposes.

Pertamina VP of Corporate Communication, Fajriyah Usman, noted the terminal being located on a separate island between Batam and Singapore and considered it an optimum position for supplying commodities for international trading.

“So far, TBBM Sambu Island has been used as a storage place for Pertamina's BBM [commodities]. In addition to providing added value, this collaboration also does not interfere with the distribution of fuel which continues to operate as usual,” she says.

Photo credit: Pertamina
Published: 2 August, 2018

Business

Singapore: Hawksbill Shipping and related companies to be wound up voluntarily

Creditors are required on or before the 6 July to send in their names and addresses and particulars of their debts or claims to appointed liquidators, according to Government Gazette notices.

Published

18 hours ago

June 9, 2026

Admin

Several notices in the Government Gazette were published by the Director of Hawksbill Shipping Pte Ltd and related companies on Friday (5 June), regarding some resolutions that were passed in relation to the winding up of the companies.

The other companies are Leatherback Shipping Pte Ltd and Matamata Shipping Pte Ltd.

The following resolutions were duly passed during an Extraordinary General Meeting for the companies on 29 May:

Special Resolutions

That the Company be wound up as a Members’ Voluntary Liquidation pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.
That the Liquidators may divide among the contributories in specie or kind the whole or any part of the assets of the Company.
That the Liquidators be authorised to exercise any or all of the powers provided under Section 144(1)(b), (c), (d), (e), (f) and (g) of the Insolvency, Restructuring and Dissolution Act 2018.

Ordinary Resolution

That Lee Yi Ying, Marie and Khor Boon Hong care of Baker Tilly Consultancy (Singapore) Pte Ltd, 600 North Bridge Road, #05-01 Parkview Square, Singapore 188778, be appointed joint and several Liquidators for the purpose of such liquidation.

In another notice, the liquidators said creditors for the companies are required on or before the 6 July to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the liquidators.

The notice also applies to other companies including Posh Investment Holdings (Malaysia) Pte Ltd and Parang Shipping (2020) Pte Ltd.

Liquidators may also require creditors to, “come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.”

The liquidators can be contacted at the following address:

Marie Lee
Khor Boon Hong
Joint Liquidators
C/o Baker Tilly
600 North Bridge Road
#05-01 Parkview Square
Singapore 188778

Photo credit: steve pb from Pixabay
Published: 9 June, 2026

Winding up

Singapore: Meetings of creditors, contributories scheduled for Da Shun Shipping Pte Ltd

Liquidator of the company will provide an update on the status of the liquidation of the company, according to Government Gazette notices.

Published

18 hours ago

June 9, 2026

Admin

A meeting for creditors of Da Shun Shipping Pte Ltd , which is undergoing compulsory liquidation, has been scheduled to take place on 12 June, according to a Government Gazette notice on Friday (5 June).

The meetings will be held by videoconference only at 2pm (Singapore time).

In another notice, the liquidator of the company, Yit Chee Wah, said a meeting of the contributories will also be held by videoconference on 12 June at 3.30pm (Singapore time).

The agenda of the meetings will be as follow:

To provide an update on the status of the liquidation of the Company i.e. to consider a compromise or an arrangement amongst the creditors and contributories of the Company; and
Any other business.

Notes:

Particulars of the claims of any creditors who wish to attend and vote at this meeting must be lodged with c/o FTI Consulting (Singapore) Pte Ltd, via email at [email protected] not later than 4:00 p.m. (Singapore time) on 11 June 2026. Secured creditors (unless they surrender their security) must give particulars, the date the security was received and its value if they wish to vote at the meeting.
Proxies to be used at the meeting must be duly completed and lodged with c/o FTI Consulting (Singapore) Pte. Ltd. via email at [email protected] not later than 4:00 p.m. (Singapore time) on 11 June 2026.
The meeting shall be held by videoconference only. Details of the videoconference will only be provided (via email) to those creditors who have registered their intent in attending the meeting.

Photo credit: Drew Beamer
Published: 9 June, 2026

Winding up

Singapore: Notice of intended dividend issued for Xin Sheng Shipping Pte Ltd

Creditors of the companies will have to submit proof of debt to the liquidators of Xin Sheng Shipping by 22 June at 5 pm, according to Government Gazette notice.

Published

18 hours ago

June 9, 2026

Admin

A notice to declare the intended dividend of Xin Sheng Shipping to its creditors has been posted on the Government Gazette on Monday (8 June).

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

Name of Company : Xin Sheng Shipping (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 199004277D
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 22 June 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Photo credit: Jo_Johnston from Pixabay
Published: 9 June, 2026