Business

Shenzhen-based CTI Group acquires and integrates Greece-based NAIAS Labs

Following the acquisition of Singapore-based Maritec four years ago, CTI Group has acquired Greek-based NAIAS Labs to further strengthen organisation’s Marine Energy Transition solutions.

Published

2 years ago

December 3, 2024

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Shenzhen-based CTI Group acquires and integrates Greece-based NAIAS Labs

Shenzhen-listed Centre Testing International Group Co Ltd (CTI Group) on Monday (2 December) said it successfully completed the full acquisition of the Greek company Naias Scientific Analytical Laboratories Societe Anonyme (NAIAS Labs).

The Group has commenced the integration of NAIAS Labs into CTI Group’s Singapore-based marine arm, Maritec’s (CTI-Maritec) network.

The move comes following CTI Group’s acquisition of Maritec four years ago.

The integration comes to fruit as a result of the focused drive to expand the company’s global network in the Marine Energy Transition and Environmental Compliance & Risk sectors and strategically bring even greater value to clients worldwide.

Richard Shentu, President of CTI, said: “This M&A was driven by our shared commitment to excellence and innovation. It will strengthen our position as a global leader in marine environmental and fuel services, the upcoming SAF aviation fuels testing and further extend our capabilities in helping our clients navigate smoothly along the decarbonisation, environmental compliance and energy transition route.”

“By synergising NAIAS’ local footprint in European markets and its potentiality with CTI’s robust global networks, we are poised to deliver even greater value to our clients worldwide.”

Dr. Marios Tsezos, on behalf of NAIAS Labs, said: “Through synergy of the two entities’ robust capabilities and their global networks, both CTI-Maritec and NAIAS Labs customers will benefit largely from the greater accessibility to the wide-range of services & solutions offered, across the EU, Asia, Asia-Pacific and Americas regions, with faster turn-around-times, and state-of-the-art know-how and technologies.”

Andreas Lougridis, EUA General Manager of CTI-Maritec, said: “Together, joining hands with the team of NAIAS Labs, we are very excited to further elevate, for our clients, our services of Fuel Testing & Solutions (including Biofuel & Alternative Fuels), Lube Oil Analysis, Discharge Water Compliance Services, Inventory of Hazardous Material (IHM) & IHM Maintenance Services, Responsible Ship Recycling (RSR) Supervision, Asbestos Management Solutions, NDT & UTM Services, Bunker Quantity Survey, Cargo Inspection and ISCC Certification & Energy Consultancy, among others.”

CTI is a third-party agency specialising in testing, calibration, inspection, certification, and technical services, for Chinese and global companies.

Founded in 2003 and headquartered in Shenzhen, CTI operates over 260 offices in over 90 cities worldwide, and about 160 laboratories globally, serving over 100,000 customers.

On October 30, 2009, CTI was successfully listed on the Shenzhen Stock Exchange (SHE: 300012).

Photo credit: Centre Testing International Group
Published: 3 December, 2024

Related Topics:Bunker fuel quality - Fuel testing Business - Events

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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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18 hours ago

July 21, 2026

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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

18 hours ago

July 21, 2026

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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.

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July 21, 2026

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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