Business

Peninsula looks beyond bio bunker fuels, will take delivery of bunker vessel “Levante LNG”

‘Our focus (is) on key ports, where there is sufficient demand for alternative products such as biofuels and LNG/bioLNG,’ says Nacho de Miguel, Head of Alternative Fuels and Sustainability, Peninsula.

Published

3 years ago

August 16, 2023

Admin

Marine fuel supplier Peninsula on Tuesday (15 August) said its commitment to reducing emissions in shipping goes beyond biofuels and will also look at other alternative bunker fuels such as LNG.

With biofuels demand expected to increase exponentially due to increased regulation, Peninsula said its extensive commercial network is ideally placed to support customers taking supply of lower carbon products by bringing together supply and demand of new bunker fuels.

Continuing its investment in providing lower carbon solutions, Peninsula will be taking delivery of its newly built LNG bunker vessel Levante LNG which will add physical capacity in the Mediterranean to its already active reselling business in this product.

The development came after the firm fixed its first biofuel deal for Japanese shipping firm Kawasaki Kisen Kaisha (“K” Line).

Peninsula’s Bunker Trading team arranged the delivery of 700 metric tonnes (mt) of UCOME-based B24 marine biofuel to the “K” Line oceangoing bulk carrier, M/V Cape Amal, through local physical supplier, Chimbusco Pan Nation (CPN). The successful bunkering operation took place on 11 August in Hong Kong.

Nacho de Miguel, Head of Alternative Fuels and Sustainability at Peninsula, said: “Our focus (is) on key ports, where there is sufficient demand for alternative products such as biofuels and LNG/bioLNG.”

“We have seen increased activity in the Western Mediterranean and ARA regions as well as an increase in very promising prospects through our network in Asia. The “K” Line deal would not have been possible without their trust and the solid relationships held through our regional offices and I would like to thank everyone involved in this deal.”

Victor Morales, Chief Commercial Officer for Peninsula, said: “I would like to thank “K” Line for placing their trust in Peninsula. Being able to build these relationships with other reputable, blue-chip companies will allow us to support the shipping industry’s decarbonisation journey.”

“We look forward to continuing our activity globally and to build on our reputation as the most reliable company in bunkering. Our vision is to be able to provide our customers with fuelling solutions across the different product categories as they are adopted by the industry.”

Photo credit: Peninsula
Published: 16 August, 2023

Up Next

Odfjell partners with bound4blue, first to install suction sails on deep-sea chemical tanker

Don't Miss

Chimbusco Pan Nation completed the first biofuel bunker delivery in Hong Kong

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

12 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

12 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