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NewOcean detains Singapore-flagged bunker tanker “Pacific Energy 28”

Pacific Energy 28 operated by Singapore-based Pacific Ship Management Pte Ltd, according to shipping database.

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Hong Kong-listed NewOcean Energy Holdings Limited (NewOcean Energy) has detained the Singapore-flagged bunker tanker Pacific Energy 28 on the evening of Thursday (24 October), learns Manifold Times.

A company source confirmed the development was initiated by NewOcean Energy but declined to provide further details.

The Pacific Energy 28 is operated by Singapore-based Pacific Ship Management Pte Ltd, according to a shipping database. The company is related to the insolvent Hong Kong-based bunker tanker owner Chuang Xin (China) Group Limited.

The Chairman of Daisho Microline Holdings Limited (DMHL), a company identified as Pacific Dragon (Hong Kong) Energy Limited (Pacific Dragon), is a Director at Chuang Xin.

NewOcean Energy earlier stated Pacific Dragon to be a trade debtor of NewOcean Petroleum who still had outstanding debt from various purchases of marine fuel made under a Master Sales and Purchase Contract (Contract) executed in December 2018.

Additionally, DMHL also provided ship mortgages of two Singapore-flagged bunker barges (either owned directly or indirectly by DMHL) to NewOcean Petroleum as part of the Contract.

The Chairman of DMHL is also a director at Inter-Pacific Petroleum Pte Ltd (IPP) and its parent company Inter-Pacific Group Pte Ltd (IPG) – firms which have filed for interim judicial management on 16 August at the High Court of the Republic of Singapore.

Related: Societe Generale lawsuit against NewOcean Petroleum dropped, party to counterclaim
RelatedNewOcean Petroleum to ‘vigorously contest’ against Societe Generale lawsuit
RelatedWith nearly $180 million of debt, IPP proposes interim juridical management

Other relatedMPA revokes Inter-Pacific Petroleum bunker craft operator licence
Other relatedMagnets on MFMs: Trial starts for former bunker clerk of “Consort Justice”
Other relatedFirst suspect charged over MFM tampering in landmark case
Other relatedMagnets on MFMs: “Consort Justice” crew pleads ‘not guilty’ to tampering charge
Other relatedIPP responds to temporary suspension of bunker craft operator licence
Other relatedMPA temporarily suspends IPP bunker craft operator licence
Other relatedSingapore: Bunker Cargo officer, crew face charges over alleged MFM tampering

Photo credit: MarineTraffic / Hans Schaefer
Published: 25 October, 2019

 

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Winding up

Singapore: Liquidators of East Marine Pte Ltd issues notice of annual meeting

Annual meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 20 August at 11am.

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A notice of annual meeting was issued by liquidators of East Marine Pte Ltd, which is in creditor’s voluntary liquidation, on the Government Gazette on Friday (7 August). 

According to the notice, the annual meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 20 August at 11am.  

The purpose of the meeting is to have an account laid before the meeting showing the acts and dealings of the liquidators and the conduct of the winding up in the preceding year.

The following are the details of the liquidators:

Ng Kian Kiat
Yap Hui Li
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 August, 2026

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Winding up

Singapore: Annual and final meetings to be held for Asia-Pacific Shipyard Pte Ltd

Annual meeting and the final meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 9 September.

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RESIZED Drew Beamer

A notice of annual meeting and final meeting was issued by liquidators of Asia-Pacific Shipyard Pte Ltd, which is in creditor’s voluntary liquidation, on the Government Gazette on Friday (7 August). 

According to the notice, the annual meeting and the final meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 9 September.

The annual meeting will be held at 2pm while the final meeting will be held at 3pm. 

The purpose of the meeting is to have an account laid before the meeting showing the acts and dealings of the liquidators and the conduct of the winding up in the preceding year and the manner in which the winding up has been conducted and the property of the company has been disposed of and hearing any explanation that may be given by the liquidators.

The following are the details of the liquidators:

Ng Kian Kiat
Yap Hui Li
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: Drew Beamer
Published: 12 August, 2026

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Sanctions

Reed Smith relocates sanctions partner Alex Brandt from London to Singapore

Brandt’s relocation to the city-state is a direct response to increased client demand for sanctions advice in Asia, says law firm.

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Reed Smith relocates sanctions partner Alex Brandt from London to Singapore

Global law firm Reed Smith on Tuesday (11 August) announced the relocation of global shipping and sanctions partner Alex Brandt from London to Singapore.

Brandt advises insurers, owners, charterers, brokers, and traders on all aspects of sanctions-related challenges, providing analysis of applicable legislation, assistance with due diligence work, and training.

He has extensive experience of U.S. and UK government investigations, disclosures, and enforcement actions and has been centrally involved in many of the most high-profile designations, seizures, and enforcement actions brought against members of the international shipping community.

Brandt also has wide-ranging experience drafting protective language for transportation, trade and financing contracts, and has worked with major lenders and other organisations to develop best-in-class compliance programmes. He also has sat on a number of BIMCO and other organisations’ drafting committees, assisting in the development of industry standard clauses.

In addition to his role in the global sanctions practice, Brandt routinely advises on contractual and tortious rights and obligations pertaining to a wide range of dry shipping matters, including charterparties, P&I club rules, bills of lading, ship sales and purchases, and shipbuilding.

Brandt has previously spent four years in Reed Smith’s Hong Kong office, where in addition to his dry shipping work, he assisted in a number of casualty investigations and criminal prosecutions arising from major casualties.

Praj Samant, Reed Smith’s Asia-Pacific managing partner, said: “We are very pleased to welcome Alex to the Singapore office, and back to Asia. He is a tremendous talent with a global perspective and commercial outlook, which is an invaluable asset to clients both in the region and beyond.”

Richard Hakes, global chair of Reed Smith’s Transportation Industry Group, said: “Our transportation practice’s commitment to Asia and to our clients based in the region is longstanding and Alex’s relocation is a direct response to the needs of our clients. We have a leading and growing shipping practice across Hong Kong, Shanghai and Singapore – with a number of new arrivals in the last year. Alex will be joining that team at an exciting time for us, and at a time where there is high regional demand for his complex sanctions advice.”

Brandt added: “I am delighted to be making the move to a region I am very familiar with already. It is clear that our global clients require increased support in the region, and I look forward to working with the regional team here, as well as continuing to collaborate with our market-leading sanctions team globally.”

 

Photo credit: Reed Smith
Published: 12 August, 2026

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