Business

Peninsula launches physical bunkering operations in Port of Fujairah

Firm will start operations with its newly-built 8,000 DWT 115m bunker tanker “Hercules Star”; second vessel will be added to complement operations in the coming weeks.

Published

4 years ago

September 27, 2022

Admin

Marine fuel supplier Peninsula on Monday (26 September) announced the commencement of physical operations in the Port of Fujairah.

Peninsula’s strong track record as a reseller in Fujairah, will now be combined with its global physical supply expertise to help further cement its position in and around the Arabian Sea and Indian Ocean.

The opening of a physical supply operation in Fujairah is the next step in Peninsula’s expansion from the group’s Mediterranean hub, said the firm.

“Peninsula believes that Fujairah will also play a vital role in the marine energy transition, matching the group’s own aspirations in lowering carbon emissions,” it said.

With the region’s continuing pivotal role in global commodity markets, the addition of Fujairah to Peninsula’s physical network provides a new supply option dedicated to quality and service in one of the world’s largest and most important trading hubs.

Peninsula will start operations with its newly-built, 8,000 DWT, 115m bunker tanker Hercules Star. A second vessel will be added to complement operations in the coming weeks.

The firm said it was fully committed to eco-efficient fleet renewal and has further newbuilds on order. The 22,000 DWT product tanker and supply vessel, Splendour, was deployed to Mauritius earlier this year and continues to provide comprehensive marine fuel solutions in the southern Indian Ocean.

In addition to the Port of Fujairah physical operation, Peninsula has opened a commercial office in Dubai to further strengthen and develop key regional relationships.

John A. Bassadone, CEO of Peninsula, said: “Firstly I would like to thank the Fujairah Department of Industry and Economy, the Fujairah Free Zone Authority and the Fujairah Port Authority for their trust in Peninsula. It has been a pleasure to work alongside such professional and forward thinking organisations, who share similar values and a common vision of Fujairah as an increasingly important global commodities hub.”

“Shipping customers already view the port as a safe and reliable bunkering location and Peninsula will work hard to further enhance this excellent reputation. We also look forward to partnering with the authorities in developing the region’s alternative fuels roadmap.”

“Our own reputation is for transparency, quality of product and service, plus the provision of customer-led marine energy solutions. We now have an unrivalled physical supply platform stretching from Panama in the west to Fujairah in the east. Our Mediterranean hub is now well-connected to both the Atlantic (Canary Islands) and the Middle East. Coupled with our Northern Europe operations across the ARA and Skaw and our Indian Ocean presence in Mauritius, Peninsula now offers a compelling proposition for customers requiring marine fuel supply across this entire region. No other physical supplier provides this scale of optionality across an integrated platform.”

Photo credit: Peninsula
Published: 27 September, 2022

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

22 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

22 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

22 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