Business

Bunker swaps pricing across Europe and Singapore added to Braemar Screen

Braemar announces the addition of live derivatives pricing across European and Singaporean fuel oil and gasoil markets on Braemar Screen, a trading tool for FFA derivatives.

Published

3 years ago

July 21, 2023

Admin

International shipbroker Braemar Plc on Thursday (20 July) announced the addition of live derivatives pricing across European and Singaporean fuel oil and gasoil markets on Braemar Screen.

Braemar Screen is a trading tool for Forward Freight Agreements (FFA) derivatives, generating more than two million data points per day.

Braemar said bunkers are typically a ship’s largest variable cost and reducing price exposure via swaps is one of the most effective ways to provide certainty of voyage costs.

“This development will enable traders to make more informed decisions based on real-time market data, and to improve the efficiency of their bunker fuel hedging activities,” it said in a statement.

As well as helping shipping clients to hedge their bunker fuel exposure, Braemar’s Oil Derivatives desk works with refineries, trading companies, banks, and hedge funds across the globe.

“Oil prices remain at the mercy of an uncertain economic and geopolitical environment. Using the Braemar Screen, you can view real-time price changes in reaction to news events, inform your hedging decisions in a timely manner, and create value in all trading environments,” the firm added.

Rebecca Reed-Sperrin, Braemar’s Head of Oil Derivatives, said, “Our Oil Derivatives desk is continuously looking for new ways to add value for our clients. So, including fuel oil and gasoil on the shipping market’s leading platform for price discovery and trade execution was a natural next step.

“Through Braemar Screen our clients will have access to a wide range of value-adding features, such as live pricing, historic price charting and live industry news. These tools will enable them to make better informed, timely trading decisions and further enhance their ability to manage their oil exposure.”

Sander Bots, Director of Braemar Securities, said, “When it launched in 2020, Braemar Screen made history by streamlining the pre-execution process of trading dry cargo FFAs, and bringing new levels of price transparency to an opaque corner of the shipping market. The integration of oil derivatives onto the Braemar Screen platform will enable our clients to further optimise their trading and risk management strategies.”

Photo credit: Braemar
Published: 21 July, 2023

Related Topics:Business - Events Business - Milestone Technology - Fuel price monitoring

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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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12 hours ago

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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.

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

12 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.

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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