Legal

Sea Hub Energy seeks US$12 million from Southernpec at Singapore High Court

Southernpec claimed disputed loadings for 200 mt of MGO and 19,300 mt of HFO were done without its request, according to court documents.

Published

7 years ago

August 5, 2019

Admin

Singapore-based Sea Hub Energy Pte Ltd, involved in the business of chartering and trading of marine fuel, on 7 June 2019 filed for a claim totalling US $12 million (exact: US $12,360,526.69) from Southernpec (Singapore) Shipping Pte Ltd at the High Court of the Republic of Singapore.

Sea Hub alleges it entered into four contracts with Southernpec between 1 August to 1 September 2017 for the loading of 380 centistokes (cSt) grade (HFO) and low sulphur marine gas oil (MGO), according to court documents obtained by Manifold Times.

The contracts are for the loading of 17,200 metric tonnes (mt) HFO between 26 July to 25 August; loading of 300 mt MGO between 1 July to 25 August; loading of 200 mt MGO between 26 August to 25 September; and loading of 19,300 mt HFO between 26 August to 25 September.

According to Sea Hub, Southernpec issued a purchase confirmation for 17,200 mt of HFO and 300 mt of MGO; however, it did not issue a purchase confirmation for 200 mt of MGO and 19,300 mt of HFO as “it was understood between the parties that the same payment terms set out in the previous purchase confirmations will apply”.

In its reply on 3 July, Southernpec denied it entered into sales contracts with Sea Hub for 200 mt of MGO and 19,300 mt of HFO as it alleged both parties stopped business with each other around September 2017.

As such, Southernpec claimed the disputed loadings of MGO and HFO were done without its request; the company also alleges it has not received 19,300 mt of HFO from Sea Hub.

Further, Southernpec claimed debts related to earlier loadings for 17,200 mt of HFO and 300 mt of MGO have already been paid/set off due to the contracts being set under the following condition: “Payments under this contract can be offset with buyer’s bunker sales contracts to the seller.”

Instead, Southernpec alleges Sea Hub owing US $5.7 million (US $5,654,394.50) after taking off sets into account.

It adds if the court recognises the loading for the disputed 200 mt of MGO and 19,300 mt of HFO the set off would be US $799,439.67 in favour of Sea Hub, and not US $12 million.

Sea Hub, in its latest response on 18 July, noted Southernpec confirming though its own calculation the debt of US $12 million to the former though an earlier communication on 23 July 2018.

“Accordingly, it is undisputed between the Plaintiff and the Defendant that the outstanding amount due and owing to the Plaintiff from the Defendant is USD12,360,526.69,” stated Sea Hub’s lawyers.

“Even if the Plaintiff’s claim herein is subject to set off against the invoices issued by the Defendant to the Plaintiff, the amount outstanding from the Defendant to the Plaintiff would be USD799,439.67.”

Photo credit: Manifold Times
Published: 5 August, 2019

Legal

Shell Singapore charged over Pulau Bukom oil leaks, reporting delays

Shell faces four charges under Singapore’s Prevention of Pollution of the Sea Act over two 2024 oil discharge incidents at its Pulau Bukom facility.

Published

1 day ago

September 25, 2026

Admin

2 MPA craft (left) supporting Shell craft in the clean up operations of the oil sheens taken on 28 Dec 9am

Shell Singapore has been charged over two incidents in 2024 involving oily mixtures discharged into Singapore waters from its facilities at Pulau Bukom, according to media reports on Tuesday (22 September).

The company faces four charges under the Prevention of Pollution of the Sea Act, including allegations that it failed to report the discharges to the port master immediately.

The first incident occurred on 20 October 2024, when approximately 40 metric tonnes (mt) of oily mixture was discharged through a hole in a pipeline at the Shell Singapore Energy and Chemicals Park at about 8am.

Shell is accused of reporting the incident to the port master at about 12.55pm, several hours after the discharge occurred.

The second incident took place between 26 and 28 December 2024. An estimated 485kg to 956kg of oil mixture was discharged into Singapore waters from the same facility.

Shell is accused of failing to report the incident immediately, with notification to the port master made at about 11.50am on 26 December 2024, according to the charges.

Singapore’s pollution-prevention regulations require occupiers of such facilities to report oil or oily-mixture discharges into Singapore waters “without delay and to the fullest extent possible”.

Shell’s representative requested an eight-week adjournment at the 22 September hearing, citing the need to obtain internal instructions, appoint counsel and locate historical records. The company said the business associated with the incidents had been divested in 2025.

The case was adjourned to October. Shell is also facing prosecution by Singapore’s National Environment Agency over the same incidents.

Photo credit: Maritime and Port Authority of Singapore
Published: 25 September, 2026

Winding up

Singapore: Liquidator of Xin Bo Shipping Pte Ltd issues notice of dividend

First interim dividend of Xin Bo Shipping is payable by 7 October, according to Government Gazette notice.

Published

2 days ago

September 24, 2026

Admin

A notice of dividend for Xin Bo Shipping Pte Ltd, which is currently in creditors’ voluntary liquidation, was published on the Government Gazette on Wednesday (23 September).

The following are the details of the notice:

Name of Company : Xin Bo Shipping (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 199003660R
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Amount per centum (US$) : 30.00 cents to a dollar of admitted unsecured claims
First and Final or otherwise : First Interim Dividend
When payable : By 7 October 2026
Where payable : Entitlements will be made either by way of telegraphic transfer or by cheque, to be collected from the Company’s registered address as above.

Photo credit: Drew Beamer
Published: 24 September, 2026

Winding up

Singapore: Creditors’ meeting for Fair Wind Chartering Pte Ltd scheduled for 6 October

A creditors’ meeting of Fair Wind Chartering Pte Ltd has been scheduled to take place at 3pm on 6 October, according to a Government Gazette notice.

Published

2 days ago

September 24, 2026

Admin

A creditors’ meeting of Fair Wind Chartering Pte Ltd has been scheduled to take place on 6 October, according to a Tuesday (22 September) notice on the Government Gazette.

The meeting will be held via video conferencing at 3pm for the following agenda:

To receive a Statement of Affairs of the Company, showing the assets and liabilities, together with a list of creditors and the estimated amount of their claims.
To confirm the appointment of Chee Fung Mei, Licensed Insolvency Practitioner, of CHEE FM & ASSOCIATES 110 Middle Road #05-03 Singapore 188968 as Liquidator of the Company for the purpose of such voluntary winding up, and that the Liquidator’s fees be based on her normal scale rates and disbursements incurred be paid out of the Company’s assets.
To consider and if deemed fit appoint a Committee of Inspection.
To consider any other matters which may properly be brought before the meeting.

According to the Singapore Business Directory website, the company’s principal activity is shipping and chattering of ships or boats.

Note: To entitle you to vote thereat, your Proof of Debt must be lodged with the Provisional Liquidator not later than 10:00am on the 5th October 2026. Please submit your Proof of Debt and register your attendance by email to [email protected] to receive further details on the video conference.

Photo credit: Benjamin Child
Published: 24 September, 2026