Legal

Update: Dan-Bunkering Syria jet fuel supply ops allegedly longer than thought

Three-year period between 2015 to 2017 more than initial reported duration of 2016 to mid-2017 where firm conducted jet fuel supply ops to Russian tankers.

Published

7 years ago

September 19, 2019

Admin

International marine fuels trading firm Dan-Bunkering’s jet fuel supply operations to Russian tankers lasted between 2015 to 2017, alleges the Danish State Prosecutor of Serious Economic and International Crime (SOIK), according to Danish media DR on Wednesday (18 September, Denmark time).

Dan-Bunkering, including another unidentified company, and two individuals on Tuesday were facing preliminary charges by SOIK over violation of EU Syria sanctions for supplies of jet fuel to tankers operated by a Russian firm called Maritime.

The latest three-year period was more than the earlier reported duration between 2016 to the middle of 2017 where at least 30,000 mt of jet fuel were believed to have been supplied to Russian tankers delivering fuel to Russian fighter jets bombing Syria – a violation of EU Syria sanctions.

Several individuals have offered DR comments in regard to the new information of Dan-Bunkering’s purported extended jet fuel supply period.

Karina Lorentzen, a spokesperson of the Socialist People's Party, said:

It surprises me that this may have been going on for longer than we expected, and that means that the number of deliveries may have been greater, and therefore it is good that the investigation is now underway.

Peter Skaarup a member of the Danish People's Party, commented he will be asking the Justice Minister Nick Hekkerup for an update:

We will now ask the Minister of Justice to inform the Parliamentary Committee on the latest dramatic developments in the case. One has to say that it is such an aggravating circumstance that the case can now apparently date all the way back to 2015.

Thomas Elholm, Professor of Criminal Justice at the University of Copenhagen, believes the new information of the increased duration of the jet fuel supply operation may impact the seriousness of the case:

It could indicate that the back-office police has uncovered more. The more violations over the longer period, the more serious a criminal case will typically be.

Earlier coverage leading to the recent development can be found below:

Source: DR
Photo credit: Court in Odense / Per Johansen
Published: 19 September, 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

15 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

16 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

Winding up

Singapore: Liquidator of Nan Shan Maritime Pte Ltd issues notice of dividend

Third interim dividend to admitted unsecured claims of Nan Shan Maritime is payable from 15 July, according to Government Gazette notice.

Published

6 days ago

July 16, 2026

Admin

A notice of dividend for Nan Shan Maritime Pte Ltd, which is currently in creditors’ voluntary liquidation, was published on the Government Gazette on Wednesday (15 July).

The following are the details of the notice:

Name of Company : Nan Shan Maritime (Pte.) Ltd.(In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701967H
Address of Registered Office : 10 Anson Road, #10-10, International Plaza, Singapore 079903
Amount per centum : 5.00 Per Centum of all admitted unsecured, claims
First and Final or Otherwise : Third Interim
When Payable : 15 July 2026
Where Payable : Entitlements will be made by way of cheque.

Photo credit: Drew Beamer
Published: 16 July, 2026