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Lloyd’s Register issues digital twin approval for Samsung LNG bunker fuel gas supply system

AiP was awarded at Samsung Ship Model Basin in Korea; in the presence of Hyun-Jo Kim, Managing Director, SHI and Young-Doo Kim, North East Asia TSO Manager, LR.
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Classification Society Lloyd’s Register (LR) recently said it has awarded the Digital Twin Ready Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for its Smart Ship Solution, SVESSEL CBM and S-Fugas (Samsung Fuel Gas) System.

The AiP was awarded on Wednesday (20 October) at Samsung Ship Model Basin in Korea, in the presence of Hyun-Jo Kim, Managing Director, SHI and Young-Doo Kim, North East Asia TSO Manager, LR.

This is the first time SHI has been awarded classification society approval for a systems engineering approach for developing artificial intelligence-enabled technology.   

As part of the project, SHI generated the digital twin concept and engineering approach for the condition-based maintenance of the rotating machinery in its Smart Ship Solution, SVESSEL CBM and for the model-based engineering support and system monitoring of its LNG fuel gas supply system, S-Fugas.

As the only classification society involved in the project, LR’s role was to deliver assurance on the correctness, safety and performance of SHI’s digital twin technology. LR applied Digital Twin Ready, the first stage of its ShipRight Digital Compliance framework, to qualify SHI’s engineering, software engineering processes, development tools and subject matter experts. 

LR experts led by Joseph Morelos from LR’s Group Technology and Innovation team performed a developer capability assessment and evaluated SHI’s systems engineering approach, including its software engineering practices relevant to the development and sustainment of digital twins through-out their life cycle. Leading the LR Approval in Principle to be awarded.

“This is a significant step in the maritime industry’s journey towards digitalisation and for Samsung Heavy Industries as digital twin technology can help shipowners and operators optimise operation costs and more importantly, improve safety. We’re very proud to have worked with SHI and award this Approval in Principle and look forward to working with them going forward as shipping looks to meet IMO 2050 targets and other challenges,” says Young-Doo Kim, LR’s North East Asia TSO Manager.

“SHI believes digital twin technology shall be a key to open the gateway forward to the next level of unmanned automatically operated ships. Therefore, we’ll keep developing the technologies that has granted AiP of Digital Twin Ready for the service enabling real-time health monitoring, diagnosis and remained life-time evaluation of the main equipment of ships,” adds Hyun-Jo Kim, Managing Director, SHI.

The announcement is underpinned by LR’s digital strategy that is focused on delivering tangible benefits to its customers and partners, helping to drive business outcomes through the safe and appropriate adoption of new technologies.

The digital solutions enable clients to optimise the performance of its assets, people, and the business, whilst opening new opportunities for growth. Its pathway aligns with what matters most to customers, in line with what technical solutions are right, with a customer led approach.

 

Photo credit: Lloyd’s Register
Published: 25 October, 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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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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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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July 21, 2026

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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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