Business

Jesper Sørensen promoted to Managing Director of KPI Bridge Oil Singapore

Mark Emmett, outgoing Managing Director of the Singapore office, will relocate to KPI Bridge Oil’s London office.

Published

7 years ago

August 20, 2019

Admin

International bunker broking and trading firm KPI Bridge Oil on Tuesday (20 August) announced the promotion of Jesper Sørensen to Managing Director of KPI Bridge Oil Singapore Pte Ltd as of 1 August 2019.

Sørensen has been in the industry for over 20 years. He started out as a trainee in Denmark after graduating with an International Business degree and quickly made a successful career as a Bunker Trader, according to the firm.

In 2002, Sørensen seized an opportunity to move to Singapore where he then earned a promotion to Sales Supervisor. He relocated again in 2005, this time to KPI Bridge Oil’s London office where he received another well-earned promotion to Team Leader.

Sørensen returned to Singapore in 2009 to head up one of two trading teams, before becoming Sales Manager for the group’s Singapore office in 2015.

“It is a privilege to be entrusted with the Singapore operations as its Managing Director,” said Sørensen.

“I am excited to be heading up this great team and I am looking forward to building upon the successes of the company in the recent years and in leading the future expansion of our business in Asia.

“I have had some great opportunities to advance my career over the years and am pleased to now be part of leading a company where the personal development and professional advancement of our people is a core value.”

Søren Høll, KPI Bridge Oil Group CEO said: “Jesper is one of our most experienced managers, he has got a proven track record and an excellent skill set which will reinforce the Singapore office’s strong position and enhance its capacity for further expansion going forward.”

“I’m very pleased that Jesper has accepted this new challenge and have no doubt that his leadership qualities, in-depth knowledge of our business environment and the bunker business broadly will make him very successful in his latest role as well.”

Mark Emmett, outgoing Managing Director of KPI Bridge Oil Singapore said: “Jesper has been a strong contributor to the company’s growth and strength over the years both in his capacity of Sales Manager and previously as Team Leader and Trader.”

“Jesper has been instrumental in the development of the trading department and will continue to offer great support and leadership to the Singapore team in general. With his vast experience in the company and the bunker industry, Jesper is the natural choice for the Managing Director position.”

Emmett will relocate to KPI Bridge Oil’s London office which also serves as the group’s headquarters. He will assume a newly created management level position where he’ll work across the group’s 11 offices to further develop and strengthen the company’s already successful partnership approach to customers and other business partners.

Contact details of Sørensen, Emmett and Høll are as follows:

Jesper Sørensen: +65 9150 0479

Mark Emmett: +65 9296 3970

KPI Bridge Oil Singapore Pte Ltd
1 Raffles Place, # 26-01A One Raffles Place
Singapore 048616
Phone: +65 6220 8655

Søren Høll
Group CEO, KPI Bridge Oil
Phone: +45 4018 6410

Published: 21 August, 2019

Legal

Singapore withdraws remaining 127 charges against Hin Leong founder OK Lim

Lim Oon Kuin, also known as OK Lim, was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges on 17 July.

Published

7 hours ago

July 21, 2026

Admin

Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July).

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

Lim was convicted in May 2024 of two charges of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and one count of abetting forgery that proceeded to trial out of a total of 130 criminal charges.

He was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions.

A total of 130 charges were eventually brought against him for cheating and forgery-related offences.

Photo credit: Sora Shimazaki
Published: 21 July, 2026

Winding up

Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

Published

7 hours ago

July 21, 2026

Admin

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.

Photo credit: Drew Beamer
Published: 21 July, 2026

LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

Published

7 hours ago

July 21, 2026

Admin

PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post.

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024.

Photo credit: Pacific International Lines
Published: 21 July, 2026