Business

DNV Industry Insights: Make sure you meet your EEXI deadline

DNV’s Dr Fabian Kock answers key questions about EEXI approval, which many vessels have to attain by the first periodical survey in 2023 at the latest.

Published

4 years ago

May 19, 2022

Admin

Classification society DNV on Tuesday (17 May) published an article on its Maritime Impact platform featuring an interview with Dr Fabian Kock, Head of Section Environmental Certification at DNV in Germany, who answers key questions about Energy Efficiency eXisting ship Index (EEXI) approval – which many vessels have to attain by the first periodical survey in 2023 at the latest.

The interview discusses risks and challenges ship owners may encounter in obtaining EEXI, which is a measure introduced by the IMO to reduce the greenhouse gas emissions of ships.

DNV: How many vessels have attained EEXI certification so far?

FK: Of the more than 5,000 vessels in DNV class which require EEXI certification, only about 100 have fully approved documentation. Bearing in mind that the verification has to be completed by the first periodical survey in 2023, the percentage of approved vessels is surprisingly low. What is also a bit worrying is that only 20% of our clients have made use of DNV’s EEXI support tools. That leaves us with 80% of the fleet not having looked into the EEXI so far!

DNV: How can I see my individual EEXI deadline?

FK: DNV has a compliance planner tool which offers customers a complete list of their vessels and their individual status in connection with the EEXI. All DNV clients can access the Compliance Planner via MyServices in Veracity.

DNV: Is there a risk that in the end not everyone will be able to meet the individual deadline due to capacity problems at the verifiers, engine manufacturers or other system providers?

FK: What we can see is that most owners will install some kind of overridable power limitation in order to comply with the required EEXI. The installation of such systems on board the vessels in such a short timeframe could result in a temporary shortage of engineers available to install the equipment if many shipowners decide on last-minute approval. DNV is however well prepared and will make sure that everybody meets their individual deadlines. But to be on the safe side shipowners should hand in their data at least four weeks before the periodical survey.

DNV: Are there any particular challenges customers have faced during the certification process so far?

FK: In order to achieve lower EEXI values and to reduce the required power limitation or speed reduction, it is advised to make use of approved speed-power curves from speed trials instead of using the fallback solution of conservative formulas. Particularly for older ships, it might be challenging to get hold of such documents, since for non-EEDI vessels speed-power curves have not been approved by class and are therefore not stored in DNV’s archives. So owners and managers should consolidate all relevant documents well ahead of time. If such documents are not available, the regulations by IMO allow for more conservative calculations, however with the drawback of higher attained EEXI values. This means that much larger speed reductions have to be applied in order to achieve the required EEXI value.

DNV: How does DNV’s EEXI tool support owners?

FK: Our digital EEXI tool is free of charge and provides support during the entire verification process. It enables all registered clients to review the required EEXI and calculate the attained EEXI of each vessel. To make the calculation process as efficient as possible, the calculator is pre-filled with data approved by DNV. The tool guides our clients through the whole calculation process and offers all possible options and correction factors which will improve the attained EEXI. For instance, corrections due to installed cranes on general cargo ships or higher installed power due to redundant propulsion on shuttle tankers. The EEXI results page shows whether the attained EEXI meets the required EEXI. In case it does not, it will provide the required overridable engine power limitation (EPL) as one possible route to compliance. Once the compliance option has been finalized, it generates the EEXI technical file, which in the next step can be submitted for approval. The good news is that the tool is also available for non-DNV-classed vessels.

Photo credit: DNV
Source: DNV Maritime Impact
Published: 19 May, 2022

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

17 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

18 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

18 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