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Monjasa strengthens board with Maersk profile

Lars-Erik Brenøe has previously held various positions across A.P. Moller – Maersk, including the role as Personal Assistant to former CEO and Chairman, Maersk Mc-Kinney Moller for a total of 19 years.

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Lars Erik Brenøe Board Member Monjasa Holding Courtesy of Monjasa

Global marine fuels supplier Monjasa on Thursday (8 February) welcomed Lars-Erik Brenøe, who brings knowledge of international shipping from more than 30 years as part of A.P. Moller – Maersk, to its board.

Lars-Erik Brenøe has previously held various positions across A.P. Moller – Maersk, including the role as Personal Assistant to former CEO and Chairman, Maersk Mc-Kinney Moller for a total of 19 years.

This appointment as member of the Board of Directors of Monjasa, is Lars-Erik Brenøe’s first non-executive director’s role outside A.P. Moller Holding’s umbrella of related business activities and investments.

Joining the board of Monjasa Holding, Lars-Erik Brenøe will engage in the further development of Monjasa’s position as a leading global shipping partner enabling further industry digitalisation and the logistics of the green shipping transition.

“We are fortunate to welcome Lars-Erik Brenøe to the Monjasa Board of Directors and the marine fuels industry,” said Flemming Ipsen, Chairman of the Board at Monjasa.

“Lars-Erik brings with him a comprehensive network and wealth of experience from international business and the broader shipping community, as well as solid experience navigating transformation of owner-led organisations.

“Combined with his elaborate stakeholder understanding and critical thinking, Lars-Erik will be a valuable contributor to Monjasa’s further development in the years to come.”

Lars-Erik Brenøe, Board Member, replied: “I am excited to join Monjasa at this transformative time for the company as well as the industry, which is playing an increasingly important role in supporting the green shipping transition. I look forward to use my experience and competencies to contributing to the further development and progress of Monjasa.”

Facts about Lars-Erik Brenøe

  • Master’s degree in law from the University of Copenhagen in 1986 and the Executive Leadership Programme at IMD in 1998.
  • Various leadership roles at A.P. Moller – Maersk from 1991-2022, incl. Senior Vice President Maersk Mc-Kinney Moller’s Secretariat and Executive Vice President, Head of Chairman’s office.
  • Currently active in various board functions, incl. A.P. Moller Holding A/S, A.P. Moller Foundation, Danske Bank and Odense Port.

The Monjasa Holding A/S Board of Directors hereby consists of:

  • Flemming Ipsen (chair)
  • Peder Gellert Pedersen
  • Lotte Grønborg Lundberg
  • Lars-Erik Brenøe
  • Anders Østergaard

 

Photo credit: Monjasa
Published: 9 February 2024

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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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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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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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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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