Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July). The following resolutions were duly passed during the meeting: As Special Resolution That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018); As Ordinary Resolutions that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and that a Committee of Inspection will not be formed. Manifold Times previously reported Nicholas James Gronow, director of Heng Tong Fuels & Shipping and Coastal Logistics, filed statutory declarations for both companies stating the firms cannot continue their businesses due to liabilities. Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd. In 2019, several vessels owned by both firms entered the sale & purchase (S&P) market in Singapore. Related : Singapore: Director declares Heng Tong Fuels & Shipping’s inability to continue business Related : Heng Tong Fuels & Shipping in court over DBS Bank bunker tanker loan Related : Singapore: Bunker tanker “Coastal Neptune” arrested Related : Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market   Photo credit: Drew Beamer Published: 21 July, 2026