The last of seven former Singapore Technologies Marine (ST Marine) senior officials has been sentenced by a Singapore court on Monday, wrapping up the lengthy proceedings of a corruption case since it was publicly announced in September 2011.
IM Skaugen Group has won an arbitration proceeding against MAN Diesel & Turbo SE in relation to disputes on Skaugen’s purchase of 12 marine diesel propulsion systems from MAN, a Volkswagen Group affiliate.
A proposed Chapter 11-like bankruptcy code for Singapore would bode well for the debt restructuring market, especially at a time when offshore companies are struggling to stay afloat under mounting debts, according to AlixPartners UK.
BP Singapore’s former eastern regional director for marine fuels, Clarence Chang Peng Hong, is facing charges with pocketing $3.95m in bribes, reports said.
With a brilliant view of the eastern approach to Victoria Harbour and an eye to future growth, Ince & Co Hong Kong officially opened their new office in One Island East in Tai Koo yesterday.
Singapore-based EMAS-AMC is facing a winding up application filed by logistics firm Necotrans Singapore and a High Court hearing has been fixed on 3 March.
Financially-shaken Ezra Holdings has received a statutory demand from the solicitors of Forland Subsea on Monday in relation to a claim amount of approximately NOK25.5m ($3.1m) that is due and owed by Ezra acting as guarantor under a vessel...
