Business

E-Marine raising China bonded bunker trading portfolio to 1 million mt by 2030, seeks talents

“Our prospective talent can choose to work either from our Shenzhen main office or Shanghai branch,” informs Managing Director.

Published

12 months ago

July 23, 2025

Admin

Hong Kong-based marine fuel and lubricant trading company Hongkong E-Marine Supply Service Corporation Limited (E-Marine) plans to significantly increase its annual bonded bunkering portfolio in China by 2030, says its Managing Director.

“We are currently recording annual bonded bunker trading volumes of between 360,000 to 600,000 metric tonnes (mt) with China-based clients and aim to exceed 1 million mt by 2030,” Darcy Wang told Manifold Times.

“Separately, our international bunker trading business focusing on the Southeast Asia market is registering 360,000 to 480,000 mt of bunker sales per annum; this figure has been increasing rapidly since the start of our Singapore branch.”

Mr Wang shared E-Marine has been steadily expanding commercially since the start of operations in 2016.

He further provided a timeline of activities with a forecast on the company’s direction from 2025 onwards.

2016—2019: Established a small regional bunkering network between China, Japan and Korea as a starting point of entrepreneurship
2019—2022: Expanded the regional refuelling service network to include Southeast Asia
2022—2025: Started a Singapore office and team to deepen links between the refuelling network in Asia and surrounding regions
2025—2030: To open a Shanghai office and European office, expanding from trading with regional intermediaries to global counterparties

“E-Marine has always adopted an ethos of being customer centric and making bunkering operations as simple as possible. Our original intention remains unchanged, and we have been working hard to maintain it,” stated Mr Wang.

“Through this vision, we solve issues between credit and cost while providing service by being a comprehensive solution planner and executor to help customers achieve business success.”

Moving forward, Mr Wang pointed out E-Marine’s ambition to cultivate the local Chinese bonded bunkering market needs local talent.

As such, he said E-Marine is looking for China-based bunker traders with more than five years of experience with the ability and motivation to continuously develop the company’s business to join the team.

“Our prospective talent(s) can choose to work either from our Shenzhen main office or Shanghai branch,” informed Mr Wang.

“We welcome the individual(s) to be the leaders of E-Marine’s China bonded bunker fuel sales team and a partner of the company in the future.”

Interested candidates may submit their application to:

Name: Caia Ou / 欧紫晴
Position: HR Specialist / 人事专
Mobile: +86 15119307426
Email: [email protected]

Photo credit: Manifold Times
Published: 23 July 2025

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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.

Published

11 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

11 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

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.

Published

11 hours ago

July 21, 2026

Admin

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