Business

ICS: Shipping Industry leaders call on G20 to protect global supply chains

‘Pragmatic, science-based and harmonised guidance’ needed for global maritime ‘that ensures the safe delivery of the goods’ that we rely on, says Secretary General.

Published

6 years ago

March 24, 2020

Admin

The International Chamber of Shipping (ICS) and the International Association of Ports and Harbours (IAPH) on Monday (23 March) joined forces to call on G20 leaders to act quickly to protect global supply chains from the impact of COVID-19.

In an open letter, the organisations representing the global shipping industry and the world’s ports and harbours set out that:

“In this time of global crisis, it is more important than ever to keep supply chains open and maritime trade and transport moving. Leadership from the G20 in calling for a co-ordinated approach by governments, working in conjunction with the UN International Maritime Organization, WHO, and other relevant agencies is therefore of the utmost importance.”

The letter also highlighted:

“90% of global trade is transported by commercial shipping, which moves the world’s food, energy and raw materials, as well as manufactured goods and components – including vital medical supplies and many products sold in supermarkets, items that are necessary (due to complex supply chains) for the preservation of many jobs in manufacturing – without which modern society simply cannot function.”

The joint letter has been sent to G20 government leaders and UN bodies ahead of their extraordinary G20 summit on Tuesday, 24 June 2020.

Guy Platten, Secretary General of the International Chamber of Shipping said:

“Shipping is the lifeblood of the world. Without the efficient and safe transportation of food, medical supplies, raw materials and fuel, countries could face an even more difficult situation than the one we are all facing. We need nations, led by the G20, to work together to provide coordinated rather than knee jerk restrictions to protect us all from COVID-19. We need pragmatic, science-based and harmonised guidance for the global maritime sector that ensures the safe delivery of the goods that we are all going to rely upon in the coming months. This is a simple ask that can deliver a win-win for all.”

Patrick Verhoeven, Managing Director of the International Association of Ports and Harbors added:

“Whilst the primary objective of protecting public health should not be jeopardised in any way, ports must remain fully operational with all their regular services in place, guaranteeing complete functionality of supply chains. Governments should support shipping, ports and transport operators in doing everything possible to allow transport of goods in and out of ports so that food, medicine and other vital supplies will continue to reach people worldwide.”

The full letter sent to G20 government leaders and UN bodies can be read here.

Photo credit: Number 10
Published: 24 March, 2020

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

12 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

12 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

12 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