Business

MD & CEO of Pacific Carriers Limited appointed as in-coming SMF Chairman

Joining Hor Weng Yew are four newly appointed Board Members from Eastern Pacific Shipping, Gard Singapore, OCBC Bank, and Pacific International Lines.

Published

4 years ago

December 30, 2021

Admin

Hor Weng Yew Managing Director Chief Executive Officer of Pacific Carriers Limited PCL Online

Hor Weng Yew, Managing Director & Chief Executive Officer of Pacific Carriers Limited (PCL) has been appointed the new Chairman of the Singapore Maritime Foundation (SMF), the organisation tasked to promote Singapore as an international maritime centre, and to nurture a maritime-ready talent pool.

SMF was established by the Maritime and Port Authority of Singapore (MPA) in 2004 to forge dialogue and collaborations between private and public maritime stakeholders.

The organisation partners the industry to promote Maritime Singapore in overseas markets and to attract talent to the maritime sector. Over time, strong industry support has enabled SMF to reach out directly to the community for ideas and initiatives that strengthen the maritime ecosystem.

Joining Mr. Hor as newly appointed members on the Board are Mr. Cyril Ducau, Chief Executive Officer, Eastern Pacific Shipping; Mr. John Martin, Chief Executive Officer, Gard Singapore; Ms. Angeline Teo, Managing Director & Head, Global Transportation & Offshore, OCBC Bank; and Mr. Lars Kastrup, Co-President & Executive Director, Pacific International Lines. Their appointments will take effect on 1 January 2022.

“I would like to congratulate Weng Yew on his appointment as the in-coming Chairman of SMF,” said Mr. Niam Chiang Meng, Chairman of MPA.

“He brings deep and diverse experience across the industry accumulated over three decades. I am confident that Weng Yew will bring insights and leadership to the Board. I also warmly welcome Cyril, John, Angeline and Lars to the SMF Board and thank them for availing of their expertise and experience.”

Commenting on the contributions of out-going SMF Chairman Andreas Sohmen-Pao, Mr. Niam said, “I would like to put on record my deep appreciation to Andreas for his strong leadership and dedication to furthering the work of SMF.”

“During his tenure as Chairman, Andreas spearheaded several key initiatives—the most recent of which was co-chairing the International Advisory Panel on Maritime Decarbonisation, which submitted its report to the Singapore Government in April 2021.

“Under Andreas’ leadership, SMF was able to promote the maritime sector as one with rewarding career opportunities, and more MaritimeONE industry scholarships were awarded to talented students.”

Mr. Niam also expressed his appreciation to Mr. Lee Keng Mun, Director, MPartners and Mr. Loo Tze Kian, Managing Director of LCH Lockton who will step down from the SMF Board on 31 December 2021 after completing their terms: “I would like to thank Keng Mun and Tze Kian for enriching the Board with their industry perspectives and for being tireless advocates for the work of SMF in connecting the maritime ecosystem.”

Photo credit: Singapore Maritime Foundation
Published: 30 December, 2021

Business

Singapore: Notice of intended dividend issued for Parakou Shipping Pte Ltd

Creditors of the company will have to submit proof of debt to the liquidators of Parakou Shipping by 17 June, according to Government Gazette notice.

Published

16 hours ago

June 5, 2026

Admin

A notice to declare the intended dividend of Parakou Shipping Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (3 June).

The following are the details of the notice of intended dividend:

Name of Company : Parakou Shipping Pte Ltd (In Creditors’ Voluntary Liquidation)
Address of Registered Office : c/o KordaMentha, 50 Raffles Place, 25-01 Singapore Land Tower, Singapore 048623
Last Day of Receiving Proofs (if not already lodged): 17 June 2026
Name of Liquidator : Cameron Duncan
Address : c/o KordaMentha Pte Ltd, 50 Raffles Place, #25-01 Singapore Land Tower, Singapore 048623

Photo credit: steve pb from Pixabay
Published: 5 June, 2026

LNG Bunkering

Chinese firms form pact for 20,000 cbm LNG bunkering vessel project

CM Energy Tech, Seacon Shipping Group and China Merchants Heavy Industry (Jiangsu) signed a joint venture agreement for 1+1 20,000 cubic meter LNG bunkering vessels.

Published

16 hours ago

June 5, 2026

Admin

CM Energy Tech Co Ltd, Seacon Shipping Group Holdings Limited and China Merchants Heavy Industry (Jiangsu) Co Ltd on Tuesday (26 May) signed a joint venture agreement for the construction of 1+1 20,000 cubic meter liquefied natural gas (LNG) bunkering vessels.

The parties also signed a shipbuilding contract for the first vessel, which will be constructed by China Merchants Heavy Industry.

The project combines CM Energy Tech’s access to the China Merchants Group ecosystem, Seacon Shipping Group’s expertise in ship management and operations, and China Merchants Heavy Industry’s shipbuilding capabilities. The partners said the initiative is intended to address the shortage of large-capacity LNG bunkering vessels in the Chinese market.

The newbuild LNG bunkering vessel will feature dual C-type independent cargo tanks and is designed with a boil-off rate of just 0.16% per day. It will also be capable of delivering LNG at a bunkering rate of up to 2,000 cbm per hour, enabling efficient refuelling of large LNG-fuelled vessels.

The vessel will be powered by Wärtsilä dual-fuel engines and will comply with IMO Tier III emissions requirements. The first vessel is scheduled for delivery in 2028.

The three companies said they plan to further expand cooperation across the LNG value chain, strengthen their presence in the marine energy sector and provide customers with integrated LNG bunkering services focused on safety, operational efficiency and lower carbon emissions.

Photo credit: David Yu from Pixabay
Published: 5 June, 2026

Methanol

India’s Agastya inks green methanol offtake agreement with SAR Group

Agastya Green Fuels and SAR Group will work together to enable green methanol storage, bunkering, and marine fuel infrastructure across Sri Lanka.

Published

17 hours ago

June 5, 2026

Admin

India’s clean energy conglomerate Agastya Group on Wednesday (3 June) said Agastya Green Fuels signed a long-term green methanol offtake agreement with Sri Lankan bunker supplier SAR Maritime Agencies, a SAR Group company, for the supply of 250,000 metric tonnes (mt) per annum of EU RFNBO RED III Compliant green methanol.

Agastya said the agreement establishes one of the largest green methanol supply partnerships in the Indian Ocean Region and marked a major step toward creating a new green maritime energy corridor connecting India and Sri Lanka.

The green methanol will be supplied from the Agastya Green Fuels Hub at Mulapeta Port, Andhra Pradesh, India, where Agastya is developing a green methanol export-oriented facility with a planned investment of USD 6 billion over the next six years. The facility is expected to produce 1 million mt per annum.

“Through this partnership, Agastya Green Fuels and SAR Group will work together to enable green methanol storage, bunkering, and marine fuel infrastructure across Sri Lanka, positioning Colombo, Hambantota, and Trincomalee as future clean-fuel hubs for global shipping,” the company said in a social media post.

“The Indian Ocean is emerging as the world’s next green fuel corridor. Agastya Green Fuels intends to be at its center,” said Shashi K Reddy Arjula, Founder and Group CEO of Agastya.

Photo credit: CHUTTERSNAP on Unsplash
Published: 5 June, 2026