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Royal Belgian Shipowners’ Association: MEPC 77 needs to deliver concrete actions

‘The reason why it is so difficult to decarbonise a global sector like shipping is because the problem lies both downstream and upstream,’ says RBSA Managing Director.

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The Royal Belgian Shipowners’ Association (RBSA) on Wednesday (24 November) released a statement reiterating the significance of IMO’s MEPC 77 in delivering a concrete proposal for action to decarbonise shipping:

Shipping is an international sector. To decarbonise shipping, we require an unprecedented level of cooperation at the international level. The best place to achieve that is at the IMO. 

The viewpoint was recently shared by the Belgian Deputy Prime Minister and Minister for the North Sea, Vincent Van Quickborne, at a webinar on alternative fuels in support of Belgian candidacy to IMO Council:

“World trade needs international regulations to make sure the necessary fuels are available. A lot of preconditions will need to be fulfilled outside of the shipping sector. The time to act is now. Together we can shape the future of shipping.”

Climate Change is a Global Challenge and Shipping is a Global Sector

Belgian shipowners are fully supportive of the strengthening of the IMO’s Initial GHG strategy adopted in 2018, which is at the heart of the discussion at this week’s MEPC.

“Climate change is a global challenge that will impact our industry heavily in the coming years. As a small player, we are ready to accept the challenge and fulfil our role to meet decarbonisation goals,” said Vincent Durot, Managing Director, Boeckmans.

The Challenges are both Downstream and Upstream

Belgian shipowners have for the past few years been heavily involved in the investment and research in new technologies that would one day help the sector fully decarbonise. 

The RBSA is part of the EU-funded STEERER (Structuring Towards Zero Emission Waterborne Transport) project and the Waterborne Technology Platform, and a founding member of the Maritime Industry Decarbonisation Council (MIDC) think-tank. 

On behalf of all its members, the RBSA has signed the Call to Action for Shipping Decarbonization launched at COP26 calling on governments and the global shipping industry leaders to commit to decarbonising the sector by 2050.

“We need global regulations to be fit for purpose in order for them to work. The reason why it is so difficult to decarbonise a global sector like shipping is because the problem lies both downstream and upstream,” comments Wilfried Lemmens, Managing Director, RBSA.

“New technologies are being developed rapidly, but they need to be scaled up. Much of the issues lay outside shipping itself, such as the transparency of fuel supply chains and the building of new infrastructures to supply the new fuels. As our recent analysis of the proposed FuelEU Maritime Regulation has shown, regulations need to target the right people in order to incentivise change.”

Alternative Fuels and power systems are the Holy Grail

On the other hand, fit-for-purpose international regulations help to ensure a global level-playing field. On the other hand, technologies such as alternative fuels and power systems need to be incentivised and scaled up. Some Belgian shipowners are already preparing themselves with transitional technologies:

“As a leading player in the gas shipping industry, EXMAR is well-positioned with innovative vessels reducing CO2 emissions. We will use our expertise in dual fuel vessels to continue to develop this technology into ammonia-as-a-fuel and CO2-fuelled shipping. We are happy to play an important role in our industry’s global decarbonisation efforts,” said Jens Ismar, Executive Director Shipping, Exmar.

The reliance of dual fuel as the transitional phase into the use of alternative fuel is likewise echoed by Alexander Saverys, CEO, CMB:

“For the next ten years, we do believe that dual fuel is the only possibility for clean shipping. The alternative of fuel cells has not reached market maturity and they are still too costly to be economical. 

“Furthermore, we believe that dual fuel technology can also solve the ‘chicken and egg’ problem. Now you can’t bunker the clean fuel due to a lack of consumers. Dual fuel will help to create the infrastructure and will minimise the investments onboard the ship as we can limit the storage of the clean fuel to what we typically use. 

“We don’t have to store the redundant fuel in case we have to deviate, or meet strong adverse currents or extreme bad weather, as we can always fall back on the proven diesel supply. Storage of the clean fuel is the most expensive added costs for a clean ship.” 

Indeed, as RBSA’s Hélène Smidt, Specialist in Maritime Innovation and Finance explained: “To make this fuel switch work, there are five critical pillars: Fuel availability, Fuel quality, Life cycle assessment, Safety, Price tag.” 

Concrete Actions Now

Following the Shaping the Future of Shipping conference organised on 6 November during the COP26 in Glasgow, Hugo De Stoop, CEO of Euronav made very concrete proposals for actions which can already be taken:

“Shipping can fully decarbonise by 2050 if we have a set of rules that are clear and stable for the long term:

  1. We have to stop wasting fuels (and therefore GHG emissions) NOW:
  • Operators and service providers must cooperate to avoid speeding up to congested ports;
  • Ships must slow down whenever the market is in oversupply (emissions are exponentially linked to speed);
  • Choose better and more efficient routing through technology and sharing of information.
  1. A worldwide shipping carbon levy is the only way to make a level-playing field between zero emissions   fuels and conventional fuel oil.
  2. And finally we have to stop thinking about it and ACT NOW!“

This urgency is best summed up by Gudrun Janssens, Head of environmental & technical affairs at the RBSA: “We do not need another MEPC to agree on agreeing to work together. We need this MEPC to agree on a course of concrete actions and set it in motion.”

Related: MEPC 77: Governments to decide on ICS USD 5 billion R&D fund to accelerate decarbonisation goals
Related: MEPC 77: IMO must rapidly cut emissions of black carbon from shipping, says Clean Arctic Alliance
Related: IMO schedules remote session of Marine Environment Protection Committee (MEPC 77)

 

Photo credit: Royal Belgian Shipowners’ Association
Published: 25 November, 2021

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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.

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RESIZED Sora Shimazaki on Pexels

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.

Related: Singapore: Hin Leong Founder OK Lim gets jail term slashed to 13.5 years

 

Photo credit: Sora Shimazaki
Published: 21 July, 2026

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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.

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RESIZED Drew Beamer

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.

Related: Singapore: Director declares Heng Tong Fuels & Shipping’s inability to continue business
Related: Heng Tong Fuels & Shipping in court over DBS Bank bunker tanker loan
Related: Singapore: Bunker tanker “Coastal Neptune” arrested
Related: Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market

 

Photo credit: Drew Beamer
Published: 21 July, 2026

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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.

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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

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