Business

Singapore-based ONE appoints Mr. Till Ole Barrelet as new CEO designate

Till Ole Barrelet will join ONE on 1 May as Chief Executive Officer-Designate and will succeed Jeremy Nixon as CEO on 1 July.

Published

5 months ago

February 26, 2026

Admin

Singapore-based container shipping company Ocean Network Express (ONE) on Wednesday (25 February) announced planned leadership transitions which will be effective in the coming weeks.

Till Ole Barrelet will join ONE on 1 May as Chief Executive Officer-Designate (CEO-designate). He will succeed Jeremy Nixon as CEO on 1 July, at which point Nixon will transition to the role of Senior Advisor.

Since ONE’s inception in April 2018, Nixon and his management team have led the transformation of legacy Japanese carriers – K Line, MOL, and NYK – into a unified global container shipping company. Under his stewardship, ONE has established itself as a major player in the container liner shipping industry, operating a fleet of over 260 vessels with capacity exceeding two million TEUs.

Till brings over 20 years of maritime and logistics experience to the role, most recently serving as CEO of Emirates Shipping Line (ESL). He has deep expertise in ship owning, financing, container shipping, trade development across Asia, the Middle East, Europe, and Africa.

To better position ONE for its next phase of growth, ONE will transition to a new Executive Management Team structure comprising the CEO and seven representatives from across all divisions. The new Executive Management Team, together with a further six regional leaders, will report into the CEO. This expanded leadership structure will facilitate closer collaboration across a global matrix structure at ONE.

These changes are part of a planned leadership transition. The succession will be seamless, and customers and stakeholders will not be impacted. Please see Appendix A for details of the Executive Management Team and Regional Leadership Team.

“Jeremy’s contribution to Ocean Network Express has been extraordinary,” said Mr. Jotaro Tamura, Representative Director and Chairman of the Board of Directors, Ocean Network Express Holdings Ltd.

“As our founding CEO, Jeremy has helped build ONE from the ground up, establishing our corporate culture and market position. We are deeply grateful for his strong leadership and vision in creating a resilient, financially strong company.”

“After a comprehensive search, Till emerged as the clear choice to lead ONE’s next chapter. His proven track record, deep industry understanding, and strategic vision align perfectly with ONE’s growth ambitions, commitment to operational excellence and customer service.”

“Leading ONE from Day One has been the defining chapter of my career,” said Nixon.

“Together with an exceptional team, we have built something truly special. I am incredibly proud of what we have accomplished – navigating unprecedented challenges, investing in sustainable technology, and building a culture of service excellence. Now is the right time for new leadership, and I am very confident in Till’s ability to lead ONE forward.”

Commenting on his appointment, Barrelet said: “I am honored to lead Ocean Network Express at this pivotal time. Jeremy has built a formidable legacy with a strong culture, talented team, and solid operational foundation. ONE is well-positioned to navigate industry headwinds with an increasingly modern fleet, financial strength, and proven capabilities. I am committed to ONE’s service excellence and growth ambitions while driving our strategic priorities of ONE2030 forward.”

Photo credit: Ocean Network Express
Published: 26 February, 2026

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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.

Published

17 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

17 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

17 hours ago

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