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Seaspan, SHI and ZIM orders ‘ammonia conversion-ready’ LNG bunker fuel tanks from GTT

GTT will design the fuel tanks for five 15,000 TEU LNG-fuelled container vessels which are expected to be delivered between Q3 2023 and Q1 2024.
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GTT (Gaztransport & Technigaz), an engineering firm specialising in containment systems with cryogenic membranes used to transport and store liquefied natural gas (LNG), on Monday (19 July) said it has received an order for the fuel tank design of five very large LNG-fuelled container vessels from Samsung Heavy Industries (SHI) during the end of June.

The shipyard order for bunker fuel tanks of the 15,000 TEU LNG-fuelled containerships are on behalf of Asian ship-owner Seaspan Corporation (Seaspan), the world’s largest independent owner and operator of container ships, a wholly owned subsidiary of Atlas Corp and the Israeli charterer ZIM.

The fuel tank of each vessel will offer a capacity of 12,000 m3 and will be fitted with the Mark III membrane containment system. These tanks will include unique features to facilitate a potential conversion of these vessels to ammonia. 

The Mark III membrane technology tank has been adapted for compatibility with ammonia, offering both Seaspan and ZIM, greater operational flexibility in case of changes in environmental regulations. In addition to the engineering services and on-site technical assistance, GTT will assist Seaspan through every step of their first LNG-fuelled project: commissioning of the LNG tank, first LNG bunkering operations, as well as further specific LNG operations and maintenance of the vessels. 

Moreover, GTT will provide LNG training for the crews, supported by its proprietary G-Sim training simulator, which replicates the future LNG operations of the vessels. Seaspan will also benefit for the availability of the HEARS® emergency response service with 24/7 technical assistance. 

The vessels will also be fitted with GTT digital platform for monitoring and optimising their operational performance and their environmental footprint. Vessels deliveries are scheduled to occur between the third quarter of 2023 and the first quarter of 2024. 

Philippe Berterottière, Chairman and CEO of GTT, declared: “This first collaboration on LNG fuel business with our long-time partner Samsung Heavy Industries, for the ship-owner Seaspan and the charterer ZIM, is a major milestone for GTT. We are particularly proud that leading shipbuilding and shipping companies recognise and choose GTT’s innovative solutions. The ammonia compatibility of the ordered vessels offers flexibility and demonstrates GTT’s continued commitment to protect shipowners investments in a context where they have to constantly adapt to evolving environmental regulations.”

Henry (Ho-hyun) Jeong, Executive Vice President & Chief Technical Officer of SHI, said: “After the construction of the first FLNG1 and the first large capacity ethane tanker, SHI, with the support of GTT, is once again positioning itself as a pioneer in the development of innovative solutions. This order signifies another step towards naval solutions to reduce greenhouse gas emissions.” 

Torsten Pedersen, Chief Operating Officer of Seaspan, said: “Seaspan prides itself on being a creative solution provider, and we work very closely with our customers to support their strategies and objectives. In this case, we are excited and proud to support ZIM’s ambitions to operate highly efficient vessels with a very low environmental impact. By working with ZIM, GTT, SHI and DNV on “Ammonia Ready” features, we are taking a long-term view toward futureproofing these vessels.” 

David Arbel, Executive Vice President & Chief Operating Officer of ZIM, stated: “ZIM as charterer is striving for zero environmental impact in our operations, with special focus on alternative non-polluting fuel use. “Green” ammonia is a potential marine fuel as the shipping industry moves to a zero-carbon future. ZIM feels very proud to be a part of this technical challenge shifting from fossil fuels to renewables.”

 

Photo credit: GTT
Published: 22 July, 2021

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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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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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July 21, 2026

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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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