Business

KPI OceanConnect names Dorthe Bendtsen CEO after interim period

Company announced Bendtsen, who was appointed acting CEO in December 2024, has become KPI OceanConnect’s permanent CEO effective from 1 May.

Published

1 year ago

May 7, 2025

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KPI OceanConnect appoints Dorthe Bendtsen as interim CEO

Global provider of marine energy solutions KPI OceanConnect on Tuesday (6 May) announced it has appointed Dorthe Bendtsen as its CEO, after she assumed the role on an interim basis in December 2024.

Prior to her appointment as interim CEO in December, Bendtsen was Chief Operating Officer at the company, and has played a key role in the organisation’s development and success over the past 16 years.

The company said Bendtsen has been an integral part of the company’s executive management team and instrumental in the development and execution of its strategy and M&A activities during her time with KPI OceanConnect.

Bendtsen commented: “At what is a critical time of change for the marine energy sector and the wider maritime industry, I am honoured to take on the role of CEO at KPI OceanConnect. I am especially excited to continue working with our talented teams to bolster KPI OceanConnect’s commitment to excellence and drive for innovation, and to deliver tangible value to our customers and stakeholders.”

Anders Grønborg, previously the CEO at KPI OceanConnect and currently CCO at Bunker Holding, expressed confidence in the company’s future under the new leadership.

“I have no doubt that Dorthe Bendtsen, with her track record of strategic thinking, inclusive leadership and dedication to organisational growth, will successfully steer KPI OceanConnect in the ever-changing landscape of our industry. I wish her and the entire team every continued success.”

In a global economy complicated by geopolitical challenges, KPI OceanConnect is uniquely positioned to guide and support business partners in selecting the optimum fuelling strategy. Together with KPI OceanConnect’s highly experienced leadership team, Bendtsen will focus on fostering resilience, agility, and innovation, with an emphasis on adapting to market shifts and driving strategic growth.

Bendtsen continues: “We aim to empower our teams to respond to challenges innovatively, and to maintain a customer-centric approach in everything we do. Adding our robust governance structures, cutting edge sustainability strategy and drive towards a more inclusive and competence-driven culture we are confident that we will deliver long-term success for all our stakeholders.”

In addition to an MA in Management and a BA in International Relations and Economics, Bendtsen is also a Chartered Corporate Governance Professional.

The company has nearly 150 employees across 15 offices worldwide and delivers 12 million tonnes of marine fuel to its clients annually.

Photo credit: KPI OceanConnect
Published: 7 May, 2025

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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.

Published

17 hours ago

July 21, 2026

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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

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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

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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