AsiaShipyards

TH Heavy Engineering faces wind-up petition

Malaysian shipyard TH Heavy Engineering has received a petition for winding-up, which was presented to The Kuala Lumpur High Court of Malaya, by Six Tee Engineering Groups.

Six Tee Engineering claims that THHE owes the company RM3.6m ($897,000) for the provision of services as part of the execution of hull and marine (RLEC) detailed design for the Layang FPSO Project.

The hearing is fixed on 29th September 2016, and THHE said it has sought legal advice on the matter with a view of defeating the petition altogether.

Last week, THHE’s subsidiary THHE Fabricators also received a winding-up petition from creditors due to unpaid debts and in April was barred from participating in Petronas Carigali’s future tenders for two years due to “performance-related issues” with its work at the Kinabalu natural gas project.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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