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Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market

Four Singapore-registered bunker tankers totalling US $20.3 million up for sale, source tells Manifold Times.

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The following news was published by Singapore bunkering publication Manifold Times at 4:00 pm (Singapore time) on Wednesday 2 January.

Several Singapore-registered bunker tankers owned by Singapore-based Heng Tong Fuels & Shipping Pte Ltd and medium range (MR) tankers Coastal Logistics Pte Ltd have entered the sale & purchase (S&P) market, learns Manifold Times on Wednesday.

A source from Heng Tong Fuels & Shipping confirmed the above development.

The bunker tankers Coastal Saturn (IMO: 9628805), Coastal Jupiter (IMO: 9644940), Coastal Neptune (IMO: 9644952), and Coastal Mercury (IMO: 9628790) are owned by Heng Tong Fuels & Shipping.

The MR tankers Babylon (IMO: 9798296) and Atalanta (IMO: 9709362) are owned by Coastal Logistics.

“The most recent Annual Returns available from the Singapore corporate registry state that both Heng Tong Fuels & Shipping Pte Ltd and Coastal Logistics Pte Ltd are ultimately held by Coastal Corporation Limited,” Simon Millar, Managing Analyst, Platts Ocean Intelligence told Manifold Times.

“Coastal Corporation Limited is a Cayman Islands company with a registered place of business in Hong Kong. Although the Cayman Islands is a limited-disclosure jurisdiction that does not reveal shareholder identities, the Singapore Annual Returns for Heng Tong Fuels & Shipping Pte Ltd and Coastal Logistics Pte Ltd highlight that Tan Sing Hwa and Yeung Wing Sing have a financial interest in Coastal Corporation Limited.

“The most recent Annual Return for Coastal Oil Singapore Pte Ltd states that its ultimate holding company is Coastal Holdings Limited of Hong Kong, which is owned by Tan Sing Hwa and Yeung Wing Sing.

“We also note that Tan Sing Hwa and Yeung Wing Sing serve as Directors of Heng Tong Fuels & Shipping Pte Ltd, Coastal Logistics Pte Ltd, Coastal Oil Singapore Pte Ltd, Coastal Corporation Limited and Coastal Holdings Limited.”

The total valuation of the above bunker tankers (Coastal Saturn, Coastal Jupiter, Coastal Neptune, Coastal Mercury) is approximately US $20.3 million, according to the Claritecs Asset Management solution developed by PIER71 Smart Port Challenge finalist Claritecs Pte Ltd.

Coastal Oil (Singapore) on 13 December filed for liquidation as part of a creditors’ voluntary winding up operation.

It last held a creditor’s meeting on December 28, 2018.

Related: Coastal Oil Singapore to hold creditors meeting on 28 Dec
RelatedBreaking news: Coastal Oil Singapore under liquidation
Other related: Claritecs showcases bunker and shipping IT solutions in debut at SIBCON
Other related: CLARITECS BunkerMAESTRO system in top three of PIER71 Smart Port Challenge

Published: 2 January, 2019
 

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Methanol

Chimbusco completes bunkering op of China’s first 16,000K TEU methanol DF boxship

“COSCO SHIPPING YANGPU” was supplied approximately 900 metric tonnes of methanol marine fuel by Chimbusco in Shanghai on 11 May.

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Chimbusco completes bunkering of China’s first 16,000K TEU methanol DF boxship

China Marine Bunker (PetroChina) Co Ltd (Chimbusco) completed a bunkering operation of the first domestically manufactured methanol dual-fuel container ship in Shanghai on 11 May, according to COSCO Shipping on Thursday (15 May). 

COSCO SHIPPING YANGPU was supplied approximately 900 metric tonnes (mt) of methanol marine fuel by Chimbusco at Pier 1 of COSCO Shipping Heavy Industry. 

The operation started on 7 May but was postponed due to unfavourable weather from the Jianghuai Cyclone.

Chimbusco completes bunkering of China’s first 16,000K TEU methanol DF boxship

COSCO Shipping said the operation marked an important achievement in green and low-carbon transformation in shipping, from ship construction and ecological layout of the entire green fuel industry chain of the company. 

Manifold Times previously reported the naming ceremony of China’s first 16,000 TEU methanol dual-fuel container ship, COSCO SHIPPING YANGPU in Yangzhou.

The methanol dual-fuel container ship named was the first in a series of vessels from COSCO Shipping Holdings, constructed by COSCO Shipping Heavy Industry Yangzhou. 

Related: COSCO Shipping names China’s first 16,000 TEU methanol dual-fuel container ship

 

Photo credit: Cosco Shipping
Published: 23 May, 2025

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Vessel Arrest

Malaysia: MMEA detains Thai tanker off Kelantan after shown suspicious documents

Initial checks revealed that insurance documents and other documents related to the vessel appeared suspicious and all six crew members on board failed to provide valid identification documents.

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Malaysia: MMEA detains Thai tanker off Kelantan after shown suspicious documents

The Kelantan Malaysian Maritime Enforcement Agency (MMEA) on Thursday (22 May) said it has detained a suspicious tanker at about 100 nautical miles from the Tok Bali estuary on 20 May. 

Kelantan MMEA director, Maritime Captain Erwan Shah Soahdi said an MMEA asset had detained the tanker while patrolling the Malaysia-Vietnam border. 

The vessel was detected after displaying several suspicious signs at around 1 pm before it was successfully detained 20 minutes later.

Malaysia: MMEA detains Thai tanker off Kelantan after shown suspicious documents

“Initial checks revealed the vessel has six crew members, including a captain and all are believed to be Thai citizens aged between 38 and 70,” he said.

It was also found that the insurance documents and other documents related to the vessel appeared suspicious and all the crews on board the vessel failed to provide valid identification documents during the check. 

The case is being investigated under the Immigration Act 1959/63 and the Merchant Shipping Ordinance 1952.

 

Photo credit: Malaysian Maritime Enforcement Agency
Published: 23 May, 2025

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LNG Bunkering

Shell wraps up its first LNG bunkering operation for TUI Cruises in Barcelona

Milestone was achieved by Shell’s LNG bunker barge “Haugesund Knutsen” supplying the “Mein Schiff Relax” cruise ship at Port of Barcelona, says Dexter Belmar of Shell.

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Shell wraps up its first LNG bunkering operation for TUI Cruises in Barcelona

Energy giant Shell recently conducted its first LNG bunkering operation for TUI Cruises in Barcelona, according to Dexter Belmar, General Manager and Head of Global Downstream LNG on Thursday (22 May).

He said the milestone was achieved by Shell’s LNG bunker barge Haugesund Knutsen supplying the Mein Schiff Relax cruise ship.

“Barcelona, one of Europe and the Mediterranean’s leading cruise ports, is also a key LNG bunkering location for Shell as we help more cruise ships transition to lower-emission fuels,” he said in a social media post. 

“A huge thank you to Royal Caribbean Group for their trust, and to Knutsen and Port of Barcelona for their collaboration in making this bunkering safe and efficient.”

Shell wraps up its first LNG bunkering operation for TUI Cruises in Barcelona

Belmar said LNG is leading the way as the preferred alternative bunker fuel in the cruise industry. 

“At Shell, we’re proud to support LNG fuelling needs at 26 locations worldwide, including major cruise ports like Bahamas, Barcelona, Canaveral, Everglades, Jamaica, Miami, Singapore, Southampton, and Tenerife,” he added. 

 

Photo credit: Shell
Published: 23 May, 2025

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