Business

NW Corporation strengthens Port Klang operations with newly acquired bunker tankers

Plans to expand its bunkering fleet with additional bunker barges by the end of 2025.

Published

1 year ago

March 10, 2025

Admin

Editor’s note [22 July 2025]: Oil cargo capacity of Abbie changed from 4,200 mt to 4,000 mt.

Singapore-based commodities and oil cargo trading firm NW Corporation Pte Ltd (NWC) has bolstered its marine refuelling capabilities at Port Klang, Malaysia through its subsidiary NW Energy Sdn Bhd (NWE). This expansion includes the acquisition of two bunker tankers, learns Manifold Times.

NWE took ownership of the 5,000-metric tonne (mt) capacity Fortune Glory and reintroduced the 4,000 mt capacity Abbie into the market after completing drydock maintenance, stated Jason Tan, Co-founder and Chief Operating Officer of NWC. These vessels are now operational, delivering High Sulphur Fuel Oil (HSFO) and Very Low Sulphur Fuel Oil (VLSFO) to vessels calling at Port Klang.

In August 2023, NWC launched its Singapore bunker trading desk and successfully completed its first physical bunker delivery using its asset Abbie at Port Klang in April 2024, marking a pivotal step in the company’s strategy to integrate trading and physical delivery services.

Strategic Focus on Port Klang

NWE holds a bunkering license permitting operations at Port Klang, Tanjong Pelepas, and Pasir Gudang. However, the company has chosen to concentrate on HSFO and VLSFO deliveries at Port Klang, aligning with the port’s demand dynamics.

“Our focus on Port Klang addresses a gap in the market, where most players have traditionally catered to the low-sulphur marine fuel segment,” explained Mr Tan. “This strategic move complements the existing ecosystem and enhances the value offerings at Malaysia’s largest port.”

Abbie (1) MT

Navigating Industry Challenges

Mr Tan highlighted the operational adjustments necessitated by evolving industry conditions, particularly in the trading sector.

“The oil trading industry has faced significant challenges due to tightened credit conditions following high-profile defaults in recent years,” he remarked. “Banks have recalibrated trading lines across the sector, affecting cargo trading operations.”

In response, NWC opted to diversify into maritime asset ownership and service provision, leveraging the growth potential of Port Klang. This transition aligns with the company’s long-term objectives of securing stability and expanding its service portfolio.

Future Plans and Collaboration Opportunities

Looking ahead, NWC aims to expand its fleet further solidifying its position as a reliable bunker supplier at Port Klang.

The company targets the acquisition of additional barges, each with a capacity of 6,000 to 7,000 mt, by end of 2025. Additionally, plans are underway to procure a smaller tanker, with a capacity of 500 to 1,000 mt, dedicated to delivering Marine Gas Oil (MGO).

“We are committed to supporting our clients with tailored solutions and welcome partnerships to enhance our operational footprint in the region,” added Mr Tan.

For enquiries related to HSFO and VLSFO deliveries at Port Klang, potential partners and clients can reach out to:

General Line: [email protected]

Photo credit: NW Corporation
Published: 10 March 2025

Related Topics:Business - Interview Business - Milestone Features

Up Next

NorthStandard appoints Kate Kwiatkowska as new Head of Sustainability

Don't Miss

Port of Singapore to install more 5G base stations, enabling new maritime services

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

11 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

11 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

11 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