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IWSA: Commercial uptake of wind propulsion enter double figures in 2020

Swell of interest in 2H 2020, with large vessel contract announcements and pending installations indicating this number will likely double yearly to 2023.

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The International Windship Association on Tuesday (29 December) said shipping has faced some historically significant challenges this year, we opened the year with IMO2020, the greatest change in fuel regulation in this century and we end the year still trying to come to grips with crew changes in such a time of crisis.

How has the maritime technology sector fared? IWSA has published the following as its take on 2020 from a wind propulsion perspective:

Installations & Industry Engagement: It has been a bit of a breakout year, seeing large vessels using wind propulsion commercially enter double figures, from VLCC and LR2 Product tankers through Ultramax bulker to ferry/cruise, RoRo and general cargo, further bolstered by the 20+ small cruise and sail cargo vessels under sail already in operation. There has been a groundswell of interest from the industry especially in the second half of the year, with large vessel contract announcements and pending installations alone indicating this number will likely double yearly to 2023.

Pandemic Perspectives: We have learned some bitter lessons in lives and livelihoods lost, however other lessons bode well for a decarbonising future. Resilience is one, industry better understands efficiency is not the sole pathway to a sustainable future, decoupling economic activity from carbon is vital. A growing number of industry actors recognise a hybrid ‘propulsion’ approach is key and that shipping is unique in that it can use direct wind propulsion to help deliver on zero-emissions. At a more fundamental level, gone is the argument that ‘we can’t simply change the economy overnight’, as we have done just that. Decarbonisation is an imperative, but also a choice, and we now have the technology toolbox to deliver on that.

Delivering on Wind: All major classification societies are working with multiple wind propulsion projects and have developed comprehensive wind-assist technology guidelines which underscore that safety and operational robustness are at the heart of this new wave of wind propulsion technology. Two major projects have also started delivering this year. The WiSP project has completed the lions’ share of its work on transparent performance prediction methods and reviewing rules and regulations such as EEDI and will deliver full results next year. The WASP project, part funded by the EU Interreg North Sea region has already delivered two of its five retrofit installations, with three more pending in Q1 2021 along with extensive work on policy and market analysis.

Policy and Pathways: Here we see signs the ship is starting to turn. IMO had the MEPC75 Inf26 document submission outlining the potential of wind propulsion and IMO Secretary General Kitack Lim announced; “Zero emission shipping requires the development, widespread availability and affordability of new zero-carbon marine fuels or propulsion technologies, such as renewable hydrogen, ammonia or wind propulsion.” EU decarbonisation pathway work is also increasingly integrating wind into their calculations and the ICS’s recent ‘Catalysing the Fourth Propulsion Revolution’ report takes a wider stance than just a ‘fuel’ one with wind-assist centrally featured, as we have also seen in Japanese, French and UK government maritime decarbonisation reports too. The carbon levy debate has also heated up with the industry backed call for a $2/ton/fuel R&D levy, the shipping inclusion in the EU ETS vote ($75-90/ton/fuel), and Trafigura’s levy proposal to the IMO ($750-900/ton/fuel) all ringfencing the proceeds. While still controversial, from a technology provider perspective, these are welcome changes reflecting the real cost of polluting whilst simultaneously directly incentivising and funding R&D and installation of low carbon alternatives.

Wind Propulsion Community: Last, but certainly not least, this is one of the most gratifying developments this year and lays a great foundation for years to come. The wind propulsion segment has grown significantly over the past 12 months, both reflected in International Windship Association membership (120+) but also in the ground swell of interest across the industry, academia, media and increasingly from the general public.

2020 has been a year with its up and downs, but the wind has been blowing steadily throughout and wind propulsion technology is positioning itself to be one of the prevailing energy trends in the transition to the zero-emissions fleet of the future. May the wind be with you!

Related: International Wind Propulsion for Shipping forum held in Copenhagen

 

Photo credit: International Windship Association
Published: 29 December, 2020

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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.

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RESIZED Sora Shimazaki on Pexels

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.

Related: Singapore: Hin Leong Founder OK Lim gets jail term slashed to 13.5 years

 

Photo credit: Sora Shimazaki
Published: 21 July, 2026

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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.

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RESIZED Drew Beamer

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

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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.

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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

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