Business

Sing Fuels relocates Dubai branch office to Jumeirah Lakes Towers district

The new office will accommodate further growth of the team and is physically nearer to local partners, says Rakesh Kumar Sharma, Vice President, Business Development.

Published

6 years ago

July 23, 2020

Admin

Singapore-based international bunker trading house Singfuels, which first set up its Dubai office in 2016, on Thursday (23 July) announced an office relocation to the Jumeirah Lakes Towers district.

Strategically situated in one of the world’s renowned free zone district, the new Dubai office will accommodate further growth of the team and is physically nearer to the company’s local partners, says a spokesman.

“We aim to build closer ties with our partners in the region and provide high-quality services 24/7,” states Rakesh Kumar Sharma, Vice President, Business Development.

“With a bigger office, we will expand the team by hiring experienced talents to strengthen our presence in the market and to increase our service offerings.”

Sharma leads the company’s efforts in cargo trading and developing new market opportunities in the Middle East and Africa while supporting the South East Asia desk in strategising its trade flows.

He brings in ample market experience with over nine years in trading, refining and shipping. Sharma has previously worked with Nakilat (Qatar Gas), KAMCA and Refinitiv involving a unique blend of both Physical market and Paper (Futures).

The Dubai office is also manned by Maaz Ahmed, Senior Bunker Trader, and Vaishnav Kodoth, Junior Trader.

Ahmed started the Sing Fuels Dubai bunker trading desk in 2016, covering the entire Middle East Market & West African market. Currently, he covers the Middle East, West Africa and South Asian Markets.

He is an expert in bunker trading & business development and has in-depth knowledge of the markets he is handling. His strengths include customer relationship management, supplier relationship management, resolution of disputes, bunker trade, JV & Partnership for business, legal understanding of shipping and bunker business and risk assessment of the business.

Kodoth had previously worked in bunker operations for several years. In Sing Fuels, he is tasked with handling the local trading, supply chain in UAE and to develop physical trading for inland and bunker market, along with refined oil products around the region.

Address details of Sing Fuel’s new Dubai Office is as follows:

SING FUELS PTE LTD (DMCC Branch)
902, JBC2, Cluster V, JLT
Dubai, UAE
Tel: +971 (0) 4 585 0422 / +971 (0) 585 0438
Email: [email protected]

Photo credit: Flickr / Guilhem Vellut
Published: 23 July, 2020

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

14 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

14 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

14 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