Legal

Taiwan: Owner of Billions Bunker Group charged in court

Kaohsiung court finds Chen Shih-hsien made ‘false declarations’ to deliver fuel to North Korean ship.

Published

8 years ago

July 6, 2018

Admin

Taiwanese businessman Chen Shih-hsien, who runs Billions Bunker Group, has reportedly been charged at the Taiwan High Court (Kaohsiung Branch) on Thursday in connection to illegal sales of marine fuel to a North Korean vessel in 2017.

The court found Chen guilty of falsely declaring the route for Lighthouse Winmore, a Hong Kong-registered oil tanker chartered by the Billions Bunker Group.

He said the vessel was travelling to Hong Kong, when it actually sailed to international waters to engage in a ship-to-ship (STS) operation to transfer 600 metric tonnes (mt) of bunkers to North Korean vessel Sam Jong 2.

“Chen was well aware that the oil he purchased was being shipped to international waters for sale … and made four false declarations last year,” a statement from the court said, as quoted by Reuters.

Chen, meanwhile, is out on bail and barred from leaving Taiwan.

He told the court he was unaware the oil was being delivered to a North Korean vessel, and noted that the business transactions were conducted through a Chinese middleman and he has been “framed” by China.

In January, the Taiwanese government froze bank accounts of Chen’s companies and announced a ban on all business dealings with him after discovery of the illegal STS operation.

The corporate registry of the Marshall Islands later de-registered the Billions Bunker Group after learning of the development.

Oil tankers related to the Billions Bunker Group, namely Kings Way and Twins Bull, were denied entry at Kaohsiung Port in Taiwan during the same month.

Published: 6 July, 2018

Winding up

Singapore: Annual general meetings scheduled for Xihe Holdings subsidiaries

Annual general meetings will be held from 1 to 2 September for An Hui Shipping, Nan Chiau Maritime and Nan Yi Maritime to receive updates on firms’ liquidation, according to notices.

Published

5 hours ago

August 17, 2026

Admin

Several notices were published on the Government Gazette on Friday (14 August) regarding the annual general meetings to be held from 1 to 2 September for Xihe Holdings subsidiaries An Hui Shipping Pte Ltd, Nan Chiau Maritime and Nan Yi Maritime Pte Ltd.

Annual general meetings for An Hui Shipping are to be held on 1 September at the following times:

For the company and creditors: 3pm

Annual general meeting for Nan Chiau Maritime is to be held on 1 September at the following time:

For the company and creditors: 2pm

Annual general meeting for Nan Yi Maritime is to be held on 2 September at the following time:

For the company and creditors: 2pm

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: 17 August, 2026

Legal

Singapore police arrest eight over alleged illegal MGO transaction off Tuas

SPF says preliminary investigations found that crew members of a Singapore-registered tugboat misappropriated MGO worth about SGD 10,570 without their company’s knowledge and sold it illegally.

Published

3 days ago

August 14, 2026

Admin

Singapore police arrest eight over alleged illegal MGO transaction off Tuas

The Singapore Police Force (SPF) on Thursday (13 August) said it has arrested eight men, aged between 25 and 54, for their suspected involvement in an illegal transaction of Marine Gas Oil (MGO).

On 13 August 2026 at about 1.05am, officers from the Police Coast Guard (PCG) conducted a check on a Singapore-registered tugboat in the waters off Tuas and discovered that eight crew members were possibly involved in the illegal transaction of MGO.

“Preliminary investigations revealed that the crew members of the tugboats misappropriated MGO valued at about SGD 10,570 (USD 8,258), without their company’s knowledge,” SPF said in a statement.

“The MGO was sold illegally for their personal financial gain.”

The eight crew members will be charged in court on 14 August 2026 with the offence of theft by servant of property in possession of master under Section 381 of the Penal Code 1871 If convicted, they shall be punished with an imprisonment term that may extend to seven years and shall also be liable to fine.

“The Police take a serious view of illegal transaction of MGO in Singapore Territorial Waters and will continue to conduct enforcement and security checks to prevent, deter and detect such illicit activities in Singapore waters,” SPF added.

Photo credit: Singapore Police Force
Published: 14 August, 2026

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.

Published

5 days ago

August 12, 2026

Admin

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