Business

Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market

Four Singapore-registered bunker tankers totalling US $20.3 million up for sale, source tells Manifold Times.

Published

7 years ago

January 2, 2019

Admin

The following news was published by Singapore bunkering publication Manifold Times at 4:00 pm (Singapore time) on Wednesday 2 January.

Several Singapore-registered bunker tankers owned by Singapore-based Heng Tong Fuels & Shipping Pte Ltd and medium range (MR) tankers Coastal Logistics Pte Ltd have entered the sale & purchase (S&P) market, learns Manifold Times on Wednesday.

A source from Heng Tong Fuels & Shipping confirmed the above development.

The bunker tankers Coastal Saturn (IMO: 9628805), Coastal Jupiter (IMO: 9644940), Coastal Neptune (IMO: 9644952), and Coastal Mercury (IMO: 9628790) are owned by Heng Tong Fuels & Shipping.

The MR tankers Babylon (IMO: 9798296) and Atalanta (IMO: 9709362) are owned by Coastal Logistics.

“The most recent Annual Returns available from the Singapore corporate registry state that both Heng Tong Fuels & Shipping Pte Ltd and Coastal Logistics Pte Ltd are ultimately held by Coastal Corporation Limited,” Simon Millar, Managing Analyst, Platts Ocean Intelligence told Manifold Times.

“Coastal Corporation Limited is a Cayman Islands company with a registered place of business in Hong Kong. Although the Cayman Islands is a limited-disclosure jurisdiction that does not reveal shareholder identities, the Singapore Annual Returns for Heng Tong Fuels & Shipping Pte Ltd and Coastal Logistics Pte Ltd highlight that Tan Sing Hwa and Yeung Wing Sing have a financial interest in Coastal Corporation Limited.

“The most recent Annual Return for Coastal Oil Singapore Pte Ltd states that its ultimate holding company is Coastal Holdings Limited of Hong Kong, which is owned by Tan Sing Hwa and Yeung Wing Sing.

“We also note that Tan Sing Hwa and Yeung Wing Sing serve as Directors of Heng Tong Fuels & Shipping Pte Ltd, Coastal Logistics Pte Ltd, Coastal Oil Singapore Pte Ltd, Coastal Corporation Limited and Coastal Holdings Limited.”

The total valuation of the above bunker tankers (Coastal Saturn, Coastal Jupiter, Coastal Neptune, Coastal Mercury) is approximately US $20.3 million, according to the Claritecs Asset Management solution developed by PIER71 Smart Port Challenge finalist Claritecs Pte Ltd.

Coastal Oil (Singapore) on 13 December filed for liquidation as part of a creditors’ voluntary winding up operation.

It last held a creditor’s meeting on December 28, 2018.

Published: 2 January, 2019

LNG Bunkering

2026 ESG Report: Singapore-based EPS completes 530 LNG bunkering operations

EPS said from the start of recorded data to 31 Dec 2025, the company completed a total of 530 LNG bunkering operations with over 2.4 million m3 of LNG bunkered.

Published

21 hours ago

June 30, 2026

Admin

2026 ESG Report: Singapore-based EPS completes 530 LNG bunkering operations

Singapore-headquartered shipping firm Eastern Pacific Shipping (EPS) on Monday (29 June) said from the start of recorded data to 31 Dec 2025, the company completed a total of 530 LNG bunkering operations with over 2.4 million cubic meters (m3) of LNG bunkered.

In its 2026 ESG Report, the company said it continued advancing practical decarbonisation through its dual-fuel fleet expansion, alternative fuels, wind-assisted propulsion, and digital optimisation initiatives, alongside strengthened emissions reporting and third-party assurance.

With over 170 vessels designed to operate on alternative fuels, EPS said its fleet is among the largest dual-fuel fleets in the industry. In 2025, 25% of the fuel consumed by EPS fleet were alternative marine fuels, including LNG, LPG, ethane, and biofuels.

In 2025, EPS also expanded its use of B100 biodiesel, a renewable fuel derived from sustainably sourced biomass such as used cooking oil, food waste, and agricultural residues, which offers increasing global availability and compatibility with existing marine engines while delivering substantial Well-to-Wake (WtW) emission reductions relative to conventional fossil fuels under certified supply chains.

In 2025 alone, 94% of the biofuel the company purchased were B100 grade. Cumulatively, from the start of recorded data to 31 Dec 2025, EPS has completed 61 biofuel bunkering operations with over 33,000 mt of biofuel.

The use of alternative fuels has lowered its emission by 464,610 mt of CO2e relative to conventional marine fuels, and it is equivalent to 9% of its entire Scope 1 emission.

The company added that its investments in wind-assisted propulsion systems, alternative fuels, digital optimisation and operational efficiency reinforced its long-term decarbonisation strategy.

Since 2018, EPS has invested significantly in maritime decarbonisation, committing at scale to LNG as a transition fuel while progressively deploying a broad range of sustainable solutions across both legacy vessels and newbuild programmes, including ammonia-fuelled vessel orders.

As at the end of 2025, EPS had invested approximately USD 2.6 billion across 15 green projects, with over 51% of the fleet designed to operate on alternative fuels such as LNG, LPG, ethane and ammonia.

Photo credit: Eastern Pacific Shipping
Published: 30 June, 2026

Winding up

Singapore: Kekal Shipping Pte Ltd to undergo voluntary wind up

A liquidator has been appointed at an extraordinary general meeting held on 18 June for the purpose of winding up the company’s affair, according to Government Gazette notice.

Published

21 hours ago

June 30, 2026

Admin

A notice in the Government Gazette was published by the Director of Kekal Shipping Pte Ltd on Friday (26 June), regarding resolutions that were passed in relation to the winding up of the company.

The following resolutions were duly passed during an an Extraordinary General Meeting of the company, which was held at 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632 on 18 June at 10am:

SPECIAL RESOLUTION

RESOLVED that the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.

ORDINARY RESOLUTION

RESOLVED that Ms Lee Yan Huei of Messrs Acclime Corporate Advisory Singapore Pte. Ltd. be appointed liquidator of the Company for the purpose of such winding up

Photo credit: Jo_Johnston from Pixabay
Published: 30 June, 2026

Alternative Fuels

Hitachi Zosen Marine Engine orders Mitsubishi Shipbuilding ammonia fuel handling system

MAmmoSS® will be designed and optimised to be compatible with the ammonia marine engines of Everllence SE and WinGD and will be used for shop tests of both engines after delivery to HZME’s facility.

Published

21 hours ago

June 30, 2026

Admin

Hitachi Zosen Marine Engine orders Mitsubishi Shipbuilding ammonia fuel handling system

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, on Friday (26 June) said it has received an order from Hitachi Zosen Marine Engine (HZME) for its MAmmoSS® ammonia fuel handling system.

HZME is a dual licensee of Everllence SE and WinGD, major licensors of marine engines. MAmmoSS® will be designed and optimized to be compatible with the ammonia marine engines of these two licensors, and after delivery to HZME’s facility, will be used for shop tests of both engines.

The company said decarbonisation in global shipping is a critical issue, and ammonia, which does not emit CO2 when burned, is attracting attention as a next-generation marine fuel that will significantly contribute to reducing GHG emissions in the shipping industry.

“However, as ammonia is a toxic fluid, safe handling technology onboard ships is essential and is expected to drive demand for MAmmoSS®,” it said.

Going forward, Mitsubishi Shipbuilding said it will continue to provide safe and reliable products for ammonia-fuelled vessels to support the expected market expansion.

Photo credit: Mitsubishi Shipbuilding
Published: 30 June, 2026