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KPI OceanConnect: 50 Years of being a Trusted, Transparent, and Innovative Partner

‘I’m confident that we have the vision, experience and flexibility to ensure that we continue to meet our customers’ needs,’ says KPI Connect CEO Søren Høll.
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KPI OceanConnect

KPI Connect CEO Soren Holl on Monday (11 October) marked the 50-year anniversary of his company in a statement:

I’m delighted to be marking our 50-year anniversary together with our colleagues and partners!

For five decades, we have worked with the global maritime industry to help unlock their full potential and guide our partners through market transformations.

Our people are our biggest asset and the reason we are now able to observe our 50th year anniversary. Through their hard work, expertise and integrity, we provide the international maritime industry with the energy it needs to run its fleets sustainably.

We draw on the experience of our global team and 50-year heritage to achieve the goals of our industry and partners by building stronger relations across the shipping industry, as well as gaining and sharing knowledge.

We can trace our rich history back to 1971, where we successfully completed our first deal of Bunker “C” Fuel Oil at Pointe a Pierre Port in Trinidad. Now fast forward to 2021, we have gone from strength to strength towards becoming one of the world’s leading independent marine energy solutions providers, by adopting innovative solutions and new approaches to supply chain management.

One important advancement we have already adopted is digitalisation, as a great supplement to our more traditional business. Our premier online marine fuels marketplace KPI AuctionConnect is at the forefront of digitalisation with auctions being completed successfully for clients within 15 to 20 minutes, greatly improving efficiency and transparency of transactions. Digitalisation supports our drive for an even more efficient business that provides greater value to our partners and the fuels they need to power their performance.

Of equal importance is our work to create pathways for our environmentally-conscious clients as they seek to meet their sustainability goals. Our team completed what we expect to be the first of many carbon offsets some time ago, which is a demonstration of our long-term partnership approach, innovative value creation for clients, and commitment to shipping’s decarbonisation journey. We recently launched our Alternative Fuels and Special Projects division, which significantly expands our capabilities to deliver bespoke solutions and strengthens the sustainability of our, and our customers supply chains.

Rather than having one pathway to meet decarbonisation, there will be an array of different fuels for shipowners to choose from, and this will require financial and technical guidance from their counterparts. We’re already expanding our offering beyond traditional fuels to enhance our clients’ ability to achieve their sustainability ambitions. As our business partners expect ever greater transparency, having a partnership-based approach to business built on trust not only unlocks greater opportunities for all parties involved but also enables us to exceed expectations and deliver real value.

As a prime mover and agile partner in the shipping industry for the past 50 years, we’re well positioned to support our business partners to thrive in this new marketplace by providing the best solutions in response to the increasingly diverse and complex nature of the marine fuels market.

I’m confident that we have the vision, experience and flexibility to ensure that we continue to meet our customers’ needs, and provide them with the right guidance to empower them in navigating the industry’s transformation.

Find out more about our 50 years’ history and expertise in the market by clicking here.

 

Photo credit: KPI OceanConnect
Published: 13 October, 2021

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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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