Business

Singapore: Ang Wee Keong from IMDA appointed as new MPA Chief Executive

Ang will relinquish his IMDA appointment as Assistant Chief Executive (International) of the Info-Communications and will officially take over from Teo Eng Dih from 16 June.

Published

3 weeks ago

April 30, 2025

Admin

Singapore: Ang Wee Keong from IMDA appointed as new MPA Chief Executive

Singapore’s Ministry of Transport on Tuesday (29 April) said Mr Ang Wee Keong, currently the Assistant Chief Executive (International) of the Info-Communications Media Development Authority (IMDA), will concurrently be appointed as Chief Executive (Designate) of the Maritime and Port Authority (MPA) from 1 May to 15 June 2025.

He will relinquish his IMDA appointment and be appointed Chief Executive of MPA from 16 June 2025. He will succeed Mr Teo Eng Dih, who will be appointed Deputy Secretary (Special Duties) at the Ministry of Transport with effect from 16 June.

Mr Teo will remain as a member of the MPA Board until he steps down as CE MPA. Mr Ang will be appointed as a board member with effect from 16 June 2025.

“The Ministry of Transport thanks Mr Teo Eng Dih for his leadership and contributions as Chief Executive of MPA, and welcomes Mr Ang Wee Keong,” the ministry added.

Mr Teo Eng Dih (张英智)

As the Chief Executive of the MPA, Mr Teo made significant contributions to grow Singapore’s International Maritime Centre and the PIER71TM startup ecosystem. During his tenure, the Port of Singapore attained new records in vessel arrivals, container throughput, bunker sales and registrations under the Singapore Registry of Ships. MPA was also recognised as one of the key global regulators by Lloyd’s List. These milestones were reached amidst a complex global operating environment marked by geopolitical uncertainties, supply chain disruptions and technological shifts affecting the flow of goods and supplies worldwide.

Mr Ang Wee Keong (洪伟强)

As the Assistant Chief Executive (International) of IMDA, Mr Ang made significant contributions in advancing Singapore’s digital interests and thought leadership in the international arena. He strengthened Singapore’s network of digital economy partnerships, and expanded collaboration through platforms like the ASEAN Digital Ministers’ Meeting, Forum of Small States and Asia Tech x Singapore (ATxSG). He also oversaw the formulation of forward-thinking policies and regulations in digital technology and services to advance the growth of Singapore’s digital economy, including the upcoming Digital Infrastructure Act to enhance the resilience and security of systemically important digital infrastructure.

Photo credit: Singapore Polytechnic
Published: 30 April, 2025

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Winding up

Singapore: Notice of dividend issued for defunct bunkering firm Coastal Oil Singapore

Second and final dividend of Coastal Oil Singapore is scheduled to be released from 19 May; company’s former Chief Finance Officer received a nine-year jail sentence in 2021.

Published

21 hours ago

May 19, 2025

Admin

A notice was published in the Government Gazette on Friday (16 May), regarding the second and final dividend to creditors of defunct bunkering firm Coastal Oil Singapore Pte Ltd.

The following are details of the notice of dividend of the company:

Name of Company : Coastal Oil Singapore Pte. Ltd. (In Creditors’ Voluntary Liquidation) (Co. Reg. No 200413975N)
Address of Registered Office : 1 Raffles Quay, #27-10 South Tower, Singapore 048583
Amount per centum : 0.3552 per centum of all admitted ordinary claims
First and final or otherwise : Second and Final Dividend
When payable : On or after 19 May 2025
Method of payment : Remittance or telegraphic transfer
Where payable : c/o FTI Consulting (Singapore) Pte Ltd, 1 Raffles Quay, #27-10 South Tower, Singapore 048583

In 2021, the former Chief Finance Officer of Coastal Oil Singapore received a nine-year jail sentence at the State Courts of Singapore.

Ong Ah Huat earlier pleaded guilty to 15 charges; the charges include three counts of engaging in a scheme to defraud and nine counts of forgery for conspiring with accomplices to defraud eight banks into approving USD 320 million in loans.

The banks involved were: China Merchants Bank (Singapore), Bank of Communications (Hong Kong), BNP Paribas (Hong Kong), Cooperative Rabobank (Hong Kong), DBS Bank (Hong Kong), HSBC (Hong Kong), OCBC (Hong Kong), and Standard Chartered Bank (Hong Kong).

In 2019, Manifold Times reported Hong Kong-listed COSCO SHIPPING International (Hong Kong) Co., Ltd stating its indirect wholly-owned bunkering subsidiary Sinfeng suspecting fraud to be involved in the liquidation of Coastal Oil Singapore during December 2018.

It was believed Coastal Oil Singapore owed approximately US $357 million to 79 firms. Out of the total USD 357 million, banks were the hardest hit taking up about US $354 million, or 99.1%, of total credit owed.

A complete coverage of the events leading to the current development has been arranged by Singapore bunker publication Manifold Times (in descending date order) below:

Photo credit: Manifold Times
Published: 19 May, 2025

Vessel Arrest

Malaysia: MMEA detains Liberia-registered boxship for illegal anchoring off Sekinchan

Container ship was anchored without permission at 22.5 nautical miles southwest of Sekinchan on 16 May; Russian captain and Second Engineer were taken to headquarters for further investigation.

Published

21 hours ago

May 19, 2025

Admin

Malaysia: MMEA detains Liberia-registered boxship for illegal anchoring off Sekinchan

The Selangor Malaysian Maritime Enforcement Agency (MMEA) on Sunday (18 May) said it detained a Liberia-registered container ship for anchoring without permission at 22.5 nautical miles southwest of Sekinchan at about 1.20pm on 16 May.

Selangor Maritime director Maritime Captain Maritime Abdul Muhaimin Muhammad Salleh said the Klang Area Control Centre’s Maritime Surveillance System detected the position of the suspicious vessel at about 9.20am.

He said checks with the Central Region Maritime Department found that the container ship did not apply for permission to anchor.

Preliminary inspection found that the ship was registered in Liberia and is operated by a 44-year-old Russian captain along with 23 crew from various nationalities aged between 32 to 50 years. All of them had complete identification documents.

Further investigation found that the captain of the ship failed to present any documents showing permission to anchor.

Following that, Abdul Muhaimin said a detention order was issued for the vessel while the captain and a Second Engineer were brought to the Selangor Maritime Department headquarters for further investigations.

The case is being investigated under the Merchant Ship Ordinance 1952 for docking without permission from the Malaysian Marine Department director-general.

“If found guilty, they could be imposed a fine of not more than MYR 100,000 or a jail term of two years or both,” he said.

Photo credit: Malaysian Maritime Enforcement Agency
Published: 19 May, 2025

LNG Bunkering

Baleària arranges LNG bunkering operations on same day at Port of Barcelona

Occasion marked the first time three bunkering operations were carried out on three different ships on the same day at the same port in Spain.

Published

21 hours ago

May 19, 2025

Admin

Baleària arranges three LNG bunkering operations on same day in Barcelona

Spanish shipping company Baleària on Thursday (15 May) said it broke an all-time record for the supply of liquefied natural gas (LNG) with the bunkering of three of its vessels in the port of Barcelona.

The occasion marked the first time three bunkering operations were carried out on three different ships on the same day at the same port in Spain.

The company said the three vessels were fuelled with a total of 2,320 MWh of LNG by eight tankers.

Fast ferry Margarita Salas was fuelled by three tankers simultaneously. Ferry Martín i Soler was fuelled by two tankers and ferry Bahama Mama was bunkered by another three tankers also.

“Our commitment to LNG grew by 184% in 2024. Combined with electric propulsion and other eco-efficiency measures, we have managed to reduce our carbon footprint by almost 10% per passenger,” it said.

Photo credit: Baleària
Published: 19 May, 2025