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CyberFuels to build fuel blending and distribution terminal at the Port of Tampa

Program for large-volume liquid storage built upon long-term contracts for cleaner fuels including marine bunker fuel for delivery to markets in Florida.
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EncounterCare Solutions, Inc. on Monday (12 July) announced its wholly owned subsidiary, CyberFuels, Inc., has completed a binding Purchase and Sale Agreement in connection with the purchase of 65+ acres of real estate at the Port of Tampa, inclusive of its on-going businesses there.

CyberFuels intends, after closing, to build its new environmentally friendly, state-of-the-art fuel blending and distribution terminal on this excellent site, previously used as a major oil company’s tank terminal. 

The businesses being purchased are responsible for maintaining logistical operations of incoming and outgoing tanker and barge traffic on the canal, maintaining Army Corp of Engineering canal maintenance and depth requirements of the canal, and charging for and collecting the costs and expenses to keep the canal running correctly and efficiently. 

CyberFuels has completed its due diligence and is moving to close the transaction as soon as possible, on or about August 3, 2021, subject to certain conditions to closing. CyberFuels expects to begin permitting as soon as possible with construction to begin once those permits are obtained.

President of CyberFuels, John Lawrence said, “We are very excited about achieving this Definitive Agreement to acquire these properties and the businesses necessary to develop our state-of-the-art terminal which will greatly expand the opportunities for CyberFuels throughout Florida, the US and abroad.”

Plans are to develop, through partnerships, portions of the property to accommodate CyberFuels corporate office as well as planned commercial office and storage space suited to regional companies conducting business at the terminal and in markets around Florida. 

Management is currently in negotiations with potential tenants to lease space in the terminal office facility as well as leasing some land that will not be needed for CyberFuels’ growth subject to closing this purchase.

CyberFuels plan is to complete its first set of large-scale liquid contracts for the new terminal and has a goal for phase one of the overall program to include more than 580,000 barrels (which is over 24 million gallons) of storage and ultimately grow to approximately 1,500,000 barrels (63+ million gallons) of storage. 

CyberFuels’ program is intended to include large-volume liquid storage built upon long-term contracts for cleaner fuels including Bio-advantaged and renewable fuels for gasoline, diesel, jet A, and marine bunker fuel for delivery to markets in Florida.

CyberFuels’ business plan is to generate approximately 750,000 barrels (31+ million gallons) per month of throughput in PHASE 1 and ultimately generate up to 2,900,000 barrels (over 120 million gallons) of throughput by PHASE 3 of Jet A, diesel fuel, gasoline, and biofuels including the CyberFuels branded products. 

The management team at CyberFuels is committed to creating and operating the new CyberFuels facility as a world-class energy complex; in other words, a complete campus incorporating environmentally responsible solar and green energy initiatives for our community and partnering companies. 

 

 

Photo Credit: Scott Graham on Unsplash
Published: 13 July, 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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July 21, 2026

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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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16 hours ago

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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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