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Singapore: Provisional liquidators appointed for Hua Xin Shipping, Hua Guang Shipping

Electronic meeting of creditors for two Xihe Holdings subsidiaries have been scheduled to be held on 8 June 2021, according to Grant Thornton representatives.

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Notices were published on the Government Gazette on Thursday (27 May) regarding the appointment of provisional liquidators and scheduled credit meetings for two Xihe Holdings subsidiaries.

Directors of the following companies on 14 May declared the entities were unable to continue business due to their liabilities. The firms are:

  • Hua Xin Shipping Pte Ltd
  • Hua Guang Shipping Pte Ltd

Due to the development, Paresh Jotangia and Ho May Kee of Grant Thornton Singapore Private Limited c/o 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960 have been appointed joint and several provisional liquidators of the abovenamed companies on 14 May.

An electronic meeting of creditors of the companies will be held on 8 June 2021 for the purpose of the following:

  • To receive a full statement of the Company’s affairs together with a list of creditors and the estimated amount of their claims.
  • To appoint liquidators.
  • To consider the judicial managers’ remuneration and expenses as an expense of the winding-up.
  • To be authorised to appoint solicitors to (i) assist the liquidators in the liquidators’ duties; and/or (ii) to bring or defend any action or legal proceeding in the name and on behalf of the Company.

Any creditor of the companies who has not received the detailed agenda by 3 June is invited to contact the Company’s representatives at Ms. Gwee Hui Fang ([email protected]) and Ms. Yuen Wong ([email protected]) where upon satisfactory verification, a copy of the detailed agenda will be provided.

Related: Provisional liquidators appointed for Xihe subsidiaries, call for creditor’s meeting
RelatedJMs of An Guang Shipping and other Xihe subsidiaries call for creditors meeting
RelatedGrant Thornton Singapore appointed interim judicial managers for Xihe subsidiaries
RelatedXihe Holdings supervisor to place seven tankers for sale in an attempt to repay creditors

 

Photo credit: Drew Beamer
Published: 28 May, 2021

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Business

Singapore: Singamas Petroleum Trading welcomes newbuild “Pacific Wise” to bunkering fleet

The 6,948 dwt Yanmar-powered marine refuelling vessel has a carrying capacity of 6,603 mt and is capable of operation on B100 biofuel.

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Pacific Wise 1 MT

Singapore accredited bunker supplier Singamas Petroleum Trading Pte Ltd (Singamas) on 15 June welcomed its newly built Singapore-flagged bunker tanker Pacific Wise (SB2777C) to its bunkering fleet.

The Yanmar-powered marine refuelling vessel, which has a carrying capacity of 6,603 metric tonnes (mt), is capable of operation on B100 biofuel.

Pacific Wise joins Singamas’s current bunkering fleet comprising of Pacific Sincere, Pacific Honour, and Pacific Pride at Singapore port.

“The successful approval of Pacific Wise represents an important milestone in the sustainable growth of our company,” Eric Loke, Chief Operating Officer of Singamas, told Manifold Times.

“Their collective efforts have enabled Pacific Wise to enter commercial service successfully.

“As Pacific Wise commences operations, we remain committed to delivering safe, reliable and high-quality bunkering services while supporting Singapore’s position as the world’s leading bunkering hub.

“We look forward to serving our customers with the highest standards of safety, compliance, operational excellence and customer service.”

Pacific Wise 2 MT

Alex Ow Yong, BBM, Adviser to Singamas, highlighted the development further strengthens Singamas’ commitment to provide safe, reliable and efficient bunker delivery services while upholding the highest standards of safety, operational excellence and regulatory compliance for marine fuel deliveries at Singapore port.

“We extend our sincere appreciation to the Maritime and Port Authority of Singapore (MPA), China Classification Society (CCS), our shipyard, consultants, business partners and all stakeholders for their invaluable guidance, professionalism and strong support throughout the construction, classification, registration and approval process,” he stated.

 

Photo credit: Singamas Petroleum Trading
Published: 24 July 2026

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Business

Singapore-based law firm Helmsman names Lin Yan Yan as Chief Executive Officer

Lin joins with over 15 years of senior leadership experience across Asia, most recently as Vice President at ONE Championship, Asia’s largest global sports media property.

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Singapore-based law firm Helmsman names Lin Yan Yan as Chief Executive Officer

Singapore-based multi-disciplinary law firm Helmsman LLC on Friday (24 July) announced the appointment of Lin Yan Yan as Chief Executive Officer.

Lin’s appointment took effect in June 2026.

Lin joined the company from ONE Championship, Asia’s largest global sports media property, where she served as Vice President with cross-functional responsibility across corporate development, commercial, and corporate affairs.

At ONE Championship, she led global teams, drove market expansion, and spearheaded strategic initiatives including the global distribution of ONE’s media rights worldwide, the structuring and closing of commercial partnerships with leading media, brand and government organisations, the launch and scaling of new business lines, and fundraising across multiple financing rounds. She also led ONE’s Analytics & Insights function and oversaw the organisation’s China business.

Earlier in her career, Lin was a strategy consultant at L.E.K. Consulting before transitioning into principal investing roles at Mission Holdings, VisVires Capital Asia, and Volta Circle. She began her professional career as a litigation lawyer at Drew & Napier LLC.

Lin holds an MBA from INSEAD, an LLB (Hons) from the National University of Singapore, and has completed MIT’s Applied Data Science Program. She is admitted as an Advocate & Solicitor of the Supreme Court of Singapore and is fluent in Mandarin.

Ian Teo, Managing Director, Helmsman, said: “We are delighted to welcome Yan Yan to Helmsman as our Chief Executive Officer. Yan Yan joins Helmsman at an exciting stage of the firm’s growth. 

“Her record of building and running complex organisations across Asia, combined with her deep commercial and strategic instincts, makes her exceptionally well-placed to lead the firm through its next chapter. We look forward to the energy and vision she brings to this role.”

 

Photo credit: Helmsman
Published: 24 July, 2026

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LNG Bunkering

Stabilis Solutions targets Q3 2028 launch for Galveston LNG bunkering facility

Firm received a LOR from US Coast Guard following a review of a LNG Facility and associated waterfront LNG loading, marine transportation, and LNG bunkering operations in the Port of Galveston.

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Stabilis Solutions targets Q3 2028 launch for Galveston LNG bunkering facility

Clean energy production solutions provider Stabilis Solutions (Stabilis) on Friday (24 July) said the proposed Stabilis Galveston LNG Facility is anticipated to be in production by the third quarter of 2028. 

It will come complete with the delivery of the first new-build, dedicated Jones Act-compliant LNG bunker barge in the Galveston/Houston area.

“This is a significant regulatory and project milestone for Stabilis,” the company said. 

This comes following Stabilis receiving a Letter of Recommendation (LOR) from the US Coast Guard following their formal review of the proposed Stabilis Galveston LNG Facility and associated waterfront LNG loading, marine transportation, and LNG bunkering operations in the Port of Galveston.

“This critical endorsement of our project from the USCG Captain of the Port to the Port of Galveston and the Galveston Fire Marshal comes after a rigorous safety and security review process,” it said.

“This included a comprehensive evaluation of the potential risks, including navigation hazards, vessel traffic density impacts, emergency response capabilities, maritime security threats, and application of appropriate mitigation measures.” 

Manifold Times previously reported Stabilis terminating a previously announced 10-year agreement with a leading investment-grade global marine operator to supply LNG from the company’s proposed 350,000 gallon-per-day Galveston liquefaction facility.

As a result, the company expected delays to the anticipated final investment decision, project financing, and development timeline for the Galveston LNG facility. 

Related: Stabilis Solutions terminates 10-year LNG supply deal, expects delay in Galveston project

 

Photo credit: Stabilis Solutions
Published: 24 July, 2026

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