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BH Global and partners set to develop Singapore’s first hybrid electric marine launch

Homegrown companies pave the way forward in commercialising marine hybrid propulsion technologies to reduce carbon emissions.

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BH Global

BH Global Corporation Limited on Wednesday (12 February) announced it’s 90% owned subsidiary BOS Offshore & Marine Pte Ltd has signed an MOU with strategic project partners Penguin International Limited, Danfoss, Durapower Technology (Singapore) Pte Ltd, and Bureau Veritas Marine (Singapore) Pte Ltd for the joint design, development and construction of Singapore’s first plug-in hybrid electric fast launch.

The scope of cooperation includes integrating hybrid electric solutions, testing and certification. The know-how generated will support Singapore’s push towards the adoption of hybrid electric propulsion systems for its maritime industry.

Under the MoU, the five parties will contribute their respective expertise into the collaborative relationship:

  1. BOS will provide technical and commercial expertise in the development of commercially viable Plug-in Parallel Hybrid Electric Propulsion Systems (“BOS EP System”) for small-to-medium sized vessels for operation in and around Singapore.
  2. Penguin International, a leading designer, builder, owner and operator of aluminium high-speed vessels, will design, construct and commission a newbuild hybrid launch boat with the BOS EP System installed, and will operate the vessel on commercial routes.
  3. Danfoss and Durapower will support the testing and integration of their power drive trains and energy storage systems respectively with the BOS EP System.
  4. BV will review and endorse test facilities and procedures necessary towards certification of the BOS EP System. The hybrid launch will be classed by BV as a hybrid vessel.

In addition, BOS will spearhead further collaborations to develop the BOS Marine Electric Integration Centre, and drive initiatives towards the digitalisation of vessel operations with data analytics capabilities and smart connectivity features, and the development of a complete electrification ecosystem in Singapore.

“It is a great honour to partner with Penguin International and other industry players with solid expertise in their respective fields.”says Vincent Lim, Chief Executive Officer of BH Global.

“ This collaboration is a significant stride for BH Global towards its goal of delivering environmentally friendly and commercially viable solutions for the local maritime industry – contributing positively to Singapore’s push towards reduction of carbon emissions and environmental sustainability in local maritime operations” 

“Most importantly, we are working collaboratively with Singaporean homegrown companies towards the realisation of this goal, putting Singapore on the world map as a global maritime member with the ability to deliver technologically advanced solutions towards the global goal of reducing carbon emissions.”

“Penguin is honoured to team up with like-minded companies like BH Global, Danfoss, Durapower and Bureau Veritas in this landmark project,” adds James Tham, Penguin International’s Managing Director. 

“We are mindful of the role we play in Singapore’s marine ecosystem. This privately funded collaborative partnership is the best way forward in commercialising proven technologies in marine hybrid propulsion for the benefit of Singapore.”


Photo credit: BH Global
Published: 12 February, 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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