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Global Bunkering Summit 2020, first free virtual conference for the bunkering sector

‘GBS 2020 does not play second fiddle to the real deal, but delivers tangible experiences to rival the most prestigious of events in our industry,’ said Petrospot.
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Global Bunkering Summit 2020

UK-based independent maritime publication, Petrospot, on Thursday (13 August) shared three key benefits to signing up for Global Bunkering Summit 2020 (GBS2020), the first virtual conference of its kind for the bunkering sector.

With some global Coronavirus restrictions beginning to ease, the temptation to get out and recommence the face-to-face engagement we’ve all missed is overwhelming – yet the ability to host large, interactive gatherings safely and responsibly is still some way off, said Petrospot. 

However, a lack of the personal interaction shouldn’t make online conferencing any less palatable as an opportunity, it added. 

Firstly, the Global Bunkering Summit 2020 is free. 

  • Ordinarily, justifying attendance to global conferences can be a tricky balance; is it too far away, are delegate passes too expensive, can you justify the cost against potential opportunity?
  • Especially now, when organisations are watching their budgets and staff movements with care, barriers of cost and distance stand to prohibit the industry from making connections and generating valuable business opportunities.
  • As our first virtual conference for the bunkering sector, GBS2020 is not bound by budgets or the feasibility of international travel, and the functionalities of the conference platform are available to use by all attendees.
  •  These factors combined means that those who sign up to GBS2020 can be confident that they’ll connect with an audience which has a greater diversity of expertise and intelligence than ever before.

Experience the next generation of virtual conferencing

  • The conferencing platform itself provides endless functionality for attendees to engage their potential connections and build business leads. 
  • The technical capacity of our platform means that the Global Bunkering Summit 2020 does not play second fiddle to the real deal, but delivers tangible experiences to rival the most prestigious of events in our industry.
  • In GBS2020 you can interact freely with sessions and subjects across our speaker programme, with live debates and Q&A sessions, or generate your own conversations with private access to speakers and sponsors, and one-to-one meetings with your fellow attendees.
  •  Alongside this, our virtual exhibition hall grants open access to any information you need around our exhibitors’ products and services, as well as a means to connect directly with your target businesses.
  • The web platform is also supported by an app, which is to be unveiled and available to download shortly.

Flexible face-time with leading experts

  • During the conference you can request direct conversation with both the speakers and presenters, and other attendees, booking in one-to-one discussions in your personal schedule.

“GBS2020 is designed to be an agile experience which you can customise to suit your business needs,” said Petrospot.

“Between a packed agenda of key insights and the ability to connect directly with others, you have the freedom to seek out the relevant intelligence and expertise for your specific challenges, and take control of the value you get from your experience. 

“What’s more, with playback enabled for all conference sessions, any session you de-prioritise in favour of a one-to-one will still be available to you once the event is over.”

For full details about the conference and its programme, and to register attendance, please visit the Global Bunkering Summit 2020 homepage. 


Photo credit: Petrospot
Published: 20 August, 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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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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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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