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Director of Yuk Tung Energy under 15-week jail sentence, due to obstruction of justice over DPRK related offences

Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.

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The Director of Singapore-based oil trading and bunkering firm Yuk Tung Energy Pte Ltd (YTE) on Tuesday (7 June) received a 15-week jail sentence from a Judge at the State Courts of Singapore.

Manfred Low Cheng Jing pleaded guilty to obstruction of justice charges related to an illegal ship-to-ship (STS) gasoil transaction between the YTE-owned MT Yuk Tung and DPRK-registered Rye Song Gang 1 which took place around 20 January 2018.

After finding out local and international media, together with the Ministry of Foreign Affairs of Japan, releasing details of the transaction, Manfred travelled to Kuala Lumpur, Malaysia on 25 January 2018, according to court documents obtained by Manifold Times.

Meanwhile back in Singapore, another Director of YTE removed all physical documents relating to his company and relocated a computer used for day-to-day accounting purposes from the office. The computer was eventually disposed at an unknown dumpster in Singapore.

These actions prevented a full investigation by Singapore’s Commercial Affair Department (CAD) into the offence as the unit was unable to retrieve other relevant information and documents pertaining to YTE’s business transactions from the computer after a raid on 2 February 2018.

Further, during investigations, Manfred initially lied to CAD that his mobile phone and laptop were destroyed in January 2018 after a car ran over his bag containing the items. Subsequently, he admitted the mobile phone that contained information relevant to CAD’s investigations into YTE’s operations was disposed.

The above developments resulted in the Singapore Government not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case.

As a result, it has negatively impacted Singapore’s international reputation and commitment to upholding Singapore’s international obligations under relevant UNSC resolutions, says an Impact Statement written by the Ministry of Foreign Affairs:

(a) The offence frustrated the Singapore authorities’ ability to complete its investigations into the potential violation of the longstanding sanctions against the DPRK as required under international law especially during a period when the DPRK conducted several missile tests which threatened international and regional security;

(b) The offence subjected Singapore to international scrutiny and criticism, and raised questions from our international partners about Singapore’s commitment to upholding our legal obligations under the relevant UNSCRS as required under international law;

(c) The offence casted a negative light on Singapore’s reputation as a clean, trusted, and law-abiding jurisdiction for legitimate commercial activity; and

(d) The offence increased risks for broader Singapore financial and economic sectors following designation of a Singapore-registered entity YTE in the UN Sanctions List which impacts on how other Singapore companies are perceived in the global market.

On 30 March 2018, MT Yuk Tung and YTE were added to the UN Sanctions List where they became “designated persons” subject to sanctions under the DPRK Regulations as well as the Monetary Authority of Singapore (Sanctions and Freezing of Assets of Persons – Democratic People’s Republic of Korea) Regulations 2016.

Related: UN Security Council: 22 shipping firms, 27 vessels blacklisted
Related: Singapore oil trading, bunkering firm added to US sanctions list

 

Photo credit: Manifold Times
Published: 8 June, 2022

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Newbuilding

Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.

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Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker

 

Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.

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Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.

 

Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

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Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.

 

Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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