Business

MD & CEO of Pacific Carriers Limited appointed as in-coming SMF Chairman

Joining Hor Weng Yew are four newly appointed Board Members from Eastern Pacific Shipping, Gard Singapore, OCBC Bank, and Pacific International Lines.

Published

5 years ago

December 30, 2021

Admin

Hor Weng Yew Managing Director Chief Executive Officer of Pacific Carriers Limited PCL Online

Hor Weng Yew, Managing Director & Chief Executive Officer of Pacific Carriers Limited (PCL) has been appointed the new Chairman of the Singapore Maritime Foundation (SMF), the organisation tasked to promote Singapore as an international maritime centre, and to nurture a maritime-ready talent pool.

SMF was established by the Maritime and Port Authority of Singapore (MPA) in 2004 to forge dialogue and collaborations between private and public maritime stakeholders.

The organisation partners the industry to promote Maritime Singapore in overseas markets and to attract talent to the maritime sector. Over time, strong industry support has enabled SMF to reach out directly to the community for ideas and initiatives that strengthen the maritime ecosystem.

Joining Mr. Hor as newly appointed members on the Board are Mr. Cyril Ducau, Chief Executive Officer, Eastern Pacific Shipping; Mr. John Martin, Chief Executive Officer, Gard Singapore; Ms. Angeline Teo, Managing Director & Head, Global Transportation & Offshore, OCBC Bank; and Mr. Lars Kastrup, Co-President & Executive Director, Pacific International Lines. Their appointments will take effect on 1 January 2022.

“I would like to congratulate Weng Yew on his appointment as the in-coming Chairman of SMF,” said Mr. Niam Chiang Meng, Chairman of MPA.

“He brings deep and diverse experience across the industry accumulated over three decades. I am confident that Weng Yew will bring insights and leadership to the Board. I also warmly welcome Cyril, John, Angeline and Lars to the SMF Board and thank them for availing of their expertise and experience.”

Commenting on the contributions of out-going SMF Chairman Andreas Sohmen-Pao, Mr. Niam said, “I would like to put on record my deep appreciation to Andreas for his strong leadership and dedication to furthering the work of SMF.”

“During his tenure as Chairman, Andreas spearheaded several key initiatives—the most recent of which was co-chairing the International Advisory Panel on Maritime Decarbonisation, which submitted its report to the Singapore Government in April 2021.

“Under Andreas’ leadership, SMF was able to promote the maritime sector as one with rewarding career opportunities, and more MaritimeONE industry scholarships were awarded to talented students.”

Mr. Niam also expressed his appreciation to Mr. Lee Keng Mun, Director, MPartners and Mr. Loo Tze Kian, Managing Director of LCH Lockton who will step down from the SMF Board on 31 December 2021 after completing their terms: “I would like to thank Keng Mun and Tze Kian for enriching the Board with their industry perspectives and for being tireless advocates for the work of SMF in connecting the maritime ecosystem.”

Photo credit: Singapore Maritime Foundation
Published: 30 December, 2021

Winding up

Singapore: Notice of intended dividend issued for Xihe Holdings’ subsidiaries

Creditors will need to produce proofs of debt to liquidators of Da Xin Tankers and Nan Chiau Maritime by 5 August, according to Government Gazette notice.

Published

19 hours ago

July 23, 2026

Admin

Two notices to declare the intended dividend of Xihe Holdings’ subsidiaries to their creditors have been posted on the Government Gazette on Wednesday (22 July).

The subsidiaries are Da Xin Tankers Pte Ltd and Nan Chiau Maritime Pte Ltd.

The following are the details of the notices of intended dividend:

Name of Company : Da Xin Tankers (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 198400895W
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Name of Company : Nan Chiau Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No.: 200814296Z
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Photo credit: steve pb from Pixabay
Published: 23 July, 2026

Biofuel

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

Company says it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply.

Published

19 hours ago

July 23, 2026

Admin

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

South Korean petroleum and refining company S-Oil on Wednesday (22 July) said it has started supplying B30 very low sulphur fuel oil (VLSFO), as the company seeks to support shipping’s decarbonisation efforts and growing demand for lower-carbon bunker fuels.

The company said its B30 VLSFO contains 30% sustainable biofuel blended with conventional VLSFO and can be used without requiring modifications to existing vessels, enabling shipowners to comply more readily with emissions regulations from the International Maritime Organization (IMO) and the European Union (EU).

S-Oil said it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply. The system combines VLSFO produced at its Onsan refinery with biofuel production facilities and storage infrastructure in the Ulsan region, allowing the entire process to be carried out within a single logistics hub.

According to the company, the integrated supply chain reduces transportation requirements during production while improving supply efficiency and reliability.

S-Oil also highlighted Ulsan Port as a strategic location for marine biofuel supply, noting the port has strong demand for bio-bunker fuels, particularly from car carriers, enabling prompt and stable deliveries to key customers.

An S-Oil official stated: “In the bio-marine fuel market, not only product quality but also securing a stable supply of raw materials and an efficient supply system are important competitive advantages.

“Based on our existing bunkering business capabilities and the excellent supply infrastructure in the Onsan area, we plan to supply stable and competitive low-carbon fuel.”

Photo credit: S-Oil
Published: 23 July, 2026

Decarbonisation

Yang Ming and PSA to develop integrated sea-land decarbonisation solutions

Both will explore solutions spanning emissions measurement and verification, a digital Book-and-Claim framework, and a joint maritime-land inset token package.

Published

19 hours ago

July 23, 2026

Admin

Yang Ming and PSA to develop integrated sea-land decarbonisation solutions

PSA International (PSA) on Monday (20 July) said it has signed a Memorandum of Understanding (MoU) with Yang Ming Marine Transport Corporation (Yang Ming) to jointly accelerate the adoption of low-carbon solutions across the maritime value chain.

Beyond emissions measurement and verification, the collaboration will focus on a digital Book-and-Claim framework and a joint maritime-land based inset token package.

“This synergy provides cargo stakeholders with a transparent and accountable sea-land pathway to achieve their decarbonisation targets,” PSA said on its website.

Yang Ming launched the green transport service, EcoSea+. This initiative integrates Yang Ming’s low-carbon navigation capabilities to empower customers with a flexible and transparent strategy to effectively reduce their Scope 3 transportation emissions. By joining forces with PSA, Yang Ming is able to expand the impact of these sustainability actions beyond the ocean.

Building on its position as a global port operator, PSA advances its Node to Network strategy through integrated port and supply chain capabilities that enable a green network of terminal and landside operations to reduce end-to-end supply chain emissions.

The agreement was officially signed by Mr Ivan Chiang, Chief Logistics Officer & Senior Vice President of Yang Ming, and Mr Eddy Ng, Group Head of Operations, Technology and Sustainability of PSA International.

Mr Ong Kim Pong, PSA International Group CEO, said, “As responsible stewards of tomorrow, PSA is committed to delivering sustainable impact across the global port and supply chain ecosystem.

“Tackling the challenges arising from climate change will require the collective efforts of all players in the maritime supply chain sector. We are excited to partner Yang Ming on the decarbonisation of global supply chains and support the transition towards a more sustainable global economy.”

Photo credit: PSA International
Published: 23 July, 2026