Two Southernpec (Singapore) entities face winding-up applications
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
BOTH Southernpec (Singapore) and Southernpec (Singapore) Shipping could be wound up if Singapore-based wholesaler of petrochemical products Goodwood Associates is successful in its applications to liquidate them in relation to non-payment for about US$1.5 million fuel oil trades.
Southernpec (Singapore), engaged in the business of ship bunkering and the sale of petrochemical products, placed two orders in July 2015 for a total of 3,200 metric tonnes of fuel oil.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
