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PwC publishes ‘investment opportunity’ for Singapore independent bunker fuel supplier

Expressions of Interest are to be lodged with PricewaterhouseCoopers Advisory Services Pte. Ltd. by 15 October 2020, reads the notice seen by Manifold Times.

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Accounting firm PricewaterhouseCoopers (PwC) has published a notice in local papers for an “investment opportunity in an independent bunker fuel and lubricant supplier in Singapore”.

The notice was issued by Goh Thien Phong and Chan Kheng Tek of PwC who are also the judicial managers of the financially troubled Hin Leong Trading (HLT), according to an earlier report

In the notice seen by Manifold Times, the company in question remains anonymous but the contact details of Goh and Chan are published along with the company’s description.

Details of the notice are as follows:

Proposed Transaction

  • The Company has an operating track record spanning over 40 years, providing bunkering services and quality bunker fuels to vessels In Singapore. It supplies all grades of bunker fuel and marine lubricants to vessels of various types and sizes ·
  • It also procures the preparation of its in-house brand of lubricants, supplying to a wide range of marine, automotive and industrial customers. The Company also contracts with international brands to procure the preparation of specific lubricants requested by these brands
  • The majority shareholder of the Company is seeking to sell its shares in the Company, subject to obtaining relevant regulatory approvals

Key Highlights

  • Excellent track record within the Singapore bunker and lubricant supply market Access to an extensive network of customers
  • Strong relationships with reputable suppliers
  • Lean and cross-functional core team

Expressions of Interest

  • Expressions of Interest are to be lodged with PricewaterhouseCoopers Advisory Services Pte. Ltd. by 15 October 2020.

Goh Thien Phong
[email protected] 

Chan Kheng Tek
[email protected]

Lie Kok Keong
[email protected]


Editor: Singapore bunker supplier Ocean Bunkering Services is the bunkering arm of Hin Leong Group. 

 

Photo credit: swapnil-bapat
Published: 5 October, 2020

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Methanol

Chimbusco completes bunkering op of China’s first 16,000K TEU methanol DF boxship

“COSCO SHIPPING YANGPU” was supplied approximately 900 metric tonnes of methanol marine fuel by Chimbusco in Shanghai on 11 May.

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Chimbusco completes bunkering of China’s first 16,000K TEU methanol DF boxship

China Marine Bunker (PetroChina) Co Ltd (Chimbusco) completed a bunkering operation of the first domestically manufactured methanol dual-fuel container ship in Shanghai on 11 May, according to COSCO Shipping on Thursday (15 May). 

COSCO SHIPPING YANGPU was supplied approximately 900 metric tonnes (mt) of methanol marine fuel by Chimbusco at Pier 1 of COSCO Shipping Heavy Industry. 

The operation started on 7 May but was postponed due to unfavourable weather from the Jianghuai Cyclone.

Chimbusco completes bunkering of China’s first 16,000K TEU methanol DF boxship

COSCO Shipping said the operation marked an important achievement in green and low-carbon transformation in shipping, from ship construction and ecological layout of the entire green fuel industry chain of the company. 

Manifold Times previously reported the naming ceremony of China’s first 16,000 TEU methanol dual-fuel container ship, COSCO SHIPPING YANGPU in Yangzhou.

The methanol dual-fuel container ship named was the first in a series of vessels from COSCO Shipping Holdings, constructed by COSCO Shipping Heavy Industry Yangzhou. 

Related: COSCO Shipping names China’s first 16,000 TEU methanol dual-fuel container ship

 

Photo credit: Cosco Shipping
Published: 23 May, 2025

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Vessel Arrest

Malaysia: MMEA detains Thai tanker off Kelantan after shown suspicious documents

Initial checks revealed that insurance documents and other documents related to the vessel appeared suspicious and all six crew members on board failed to provide valid identification documents.

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Malaysia: MMEA detains Thai tanker off Kelantan after shown suspicious documents

The Kelantan Malaysian Maritime Enforcement Agency (MMEA) on Thursday (22 May) said it has detained a suspicious tanker at about 100 nautical miles from the Tok Bali estuary on 20 May. 

Kelantan MMEA director, Maritime Captain Erwan Shah Soahdi said an MMEA asset had detained the tanker while patrolling the Malaysia-Vietnam border. 

The vessel was detected after displaying several suspicious signs at around 1 pm before it was successfully detained 20 minutes later.

Malaysia: MMEA detains Thai tanker off Kelantan after shown suspicious documents

“Initial checks revealed the vessel has six crew members, including a captain and all are believed to be Thai citizens aged between 38 and 70,” he said.

It was also found that the insurance documents and other documents related to the vessel appeared suspicious and all the crews on board the vessel failed to provide valid identification documents during the check. 

The case is being investigated under the Immigration Act 1959/63 and the Merchant Shipping Ordinance 1952.

 

Photo credit: Malaysian Maritime Enforcement Agency
Published: 23 May, 2025

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LNG Bunkering

Shell wraps up its first LNG bunkering operation for TUI Cruises in Barcelona

Milestone was achieved by Shell’s LNG bunker barge “Haugesund Knutsen” supplying the “Mein Schiff Relax” cruise ship at Port of Barcelona, says Dexter Belmar of Shell.

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Shell wraps up its first LNG bunkering operation for TUI Cruises in Barcelona

Energy giant Shell recently conducted its first LNG bunkering operation for TUI Cruises in Barcelona, according to Dexter Belmar, General Manager and Head of Global Downstream LNG on Thursday (22 May).

He said the milestone was achieved by Shell’s LNG bunker barge Haugesund Knutsen supplying the Mein Schiff Relax cruise ship.

“Barcelona, one of Europe and the Mediterranean’s leading cruise ports, is also a key LNG bunkering location for Shell as we help more cruise ships transition to lower-emission fuels,” he said in a social media post. 

“A huge thank you to Royal Caribbean Group for their trust, and to Knutsen and Port of Barcelona for their collaboration in making this bunkering safe and efficient.”

Shell wraps up its first LNG bunkering operation for TUI Cruises in Barcelona

Belmar said LNG is leading the way as the preferred alternative bunker fuel in the cruise industry. 

“At Shell, we’re proud to support LNG fuelling needs at 26 locations worldwide, including major cruise ports like Bahamas, Barcelona, Canaveral, Everglades, Jamaica, Miami, Singapore, Southampton, and Tenerife,” he added. 

 

Photo credit: Shell
Published: 23 May, 2025

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