Business

Oman Oil Marketing Company launches new bunker terminal at Port of Duqm

Bunker terminal supported by the 10,000 dwt “MT Alpha” that is capable of delivering HSFO 3.5% Sulphur, VLSFO 0.5% Sulphur, and LSMGO.

Published

5 years ago

December 9, 2021

Admin

Distributor of multi-sector fuel and lubricant products Oman Oil Marketing Company (OOMCO) on Wednesday (8 December) said it has recently launched a new bunker terminal at the Port of Duqm.

Strategically located on Oman’s south-east coast, the new marine fuel terminal will serve the international shipping market given its close proximity to significant shipping traffic accessing the Suez Canal, Arabian Gulf, and Indian Ocean.

“OOMCO’s development of the Duqm Bunker terminal is part of Oman’s Vision 2040 development plan to diversify the Sultanate’s economy, including the marine and logistics sectors, while leveraging the country’s strategic location,” said Hilal Ali Al Kharusi, Chairman of OOMCO.

“The future of the logistics sector in Oman gets stronger with such initiatives that link us with the rest of the world. We are positive that this project will enable more economic diversification and position the Sultanate of Oman as a world-class international logistics hub.”

The new Port of Duqm terminal will offer the highest specification HSFO, VLSFO and LSMGO marine fuel in compliance with ISO 8217, and has been designed to meet the increasing demands for quality marine fuel, including all low sulphur fuel-compliant marine fuels in line with IMO2020.

Bunkers will also be delivered by barge, with the addition of the 10,000 metric tonne (MT) the MT Alpha – capable of delivering HSFO 3.5% Sulphur, VLSFO 0.5% Sulphur, LSMGO, at a pumping rate up to 1,000 m3 / hour.

The services available at OOMCO Bunker terminal will ensure that all bunker deliveries will meet the highest international specification standards.

The terminal will operate in full compliance with the health and safety protocols of the Port of Duqm and in line with Omani COVID-19 regulations.

Vessels calling at Duqm can also take advantage of a range of high-quality and diverse services at the port, including pilotage, freshwater supply, waste collection, tug services, crew change, de-slopping services, and ship handling, plus ship spares and dry dock services.

“The bunker fuel market in the Middle-East and Africa region is expected to grow at more than 12% during the period of 2022-2025. The commissioning of the bunker terminal means OOMCO can now offer the growing number of Duqm fleet customers access to high quality marine fuels that meet their requirements coupled with state-of-the-art facilities, support infrastructure and above all effective supply chain,” said Hussain Jama Bait Ishaq, Acting Chief Executive Officer of OOMCO.

“Through this milestone, we are taking a step forward to achieving our goal to be among the top fuel bunker suppliers in the GCC by 2027.”

“We are extremely proud to see our new bunker terminal open for business at the port of Duqm. This world-class facility is located close to some of the world’s busiest shipping lanes, and will operate to the highest standards of safety, quality and service,” commented Ali Ahmed Muqaibal, General Manager – International Retail at OOMCO.

“For domestic, regional and international shipping, Duqm offers a smart, efficient alternative to diverting to other ports in the region, saving time and money, and avoiding the risk of further delay.”

“We are confident that our ambitious growth plans, supported by our location within the Duqm Special Economic Zone, will allow us to sustainably grow the terminal, delivering further economies of scale and facilitating the purchase of larger volumes to benefit our customers,” he added.

“We look forward to establishing the Port of Duqm as a strategic bunkering hub for international shipping and Oman as a major shipping and logistics centre for the region and the world.”

OOMCO’s bunkering services are underpinned by the nearby Duqm refinery, which, when completed, will have the capacity for 230,000 barrels per day.

In addition, the nearby Ras Markaz storage terminal is also currently under construction, geared to offer six million barrels of storage capacity once completed in 2022. An additional capacity of 19 million barrels is earmarked for the site as part of its future development.

Photo credit: OOMCO
Published: 9 December, 2021

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

15 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

15 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

15 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