Business

Singapore: Bunker players among winners of MaritimeSG LowCarbon50 Awards

Equatorial Marine Fuel Management Services and Peninsula were among the six winners of the award while Aderco, Gulf Marine and Hong Lam Marine were among the eight to receive Honourable Mentions.

Published

1 year ago

April 2, 2025

Admin

Top bunker players were among the winners of the MaritimeSG LowCarbon50 Awards revealed at a ceremony, held for its fourth year during the Singapore Maritime Week (SMW 2025).

Singapore’s bunker supplier Equatorial Marine Fuel Management Services (EMF), Peninsula, Synergy Marine Pte Ltd, AET, Asiatic Lloyd Maritime LLP and Con-Lash Supplies Pte Ltd were the six winners to receive the award, which recognises companies that have done well in carbon accounting and taken significant steps to reduce emissions and decarbonise.

There were eight companies that received the Honourable Mentions for the award – Aderco Pte Ltd, the Singapore branch of Switzerland-based fuel treatment technology specialist Aderco International SA, Singapore-based marine lubricant supplier Gulf Marine, Singapore-based bunker tanker owner/operator and marine fuel supplier Hong Lam Marine, Sinwa (Singapore) Pte Ltd, X-Press Feeders, Executive Ship Management Pte Ltd, Goodwood Ship Management Pte Ltd and Batam Fast Ferry Pte Ltd.

Singapore: Bunker players among winners of MaritimeSG LowCarbon50 Awards

Choong Sheen Mao, Chief Operating Officer of EMF, said: “We are proud to receive the Maritime SG LowCarbon50 Award, presented by MPA, SSA, and UN Global Compact Network Singapore at Singapore Maritime Week 2025.

“The LowCarbon 50 award strongly shows our commitment to maritime sustainability by providing multi-fuel solutions, GHG emissions tracking, and carbon management strategies.

“Sustainability is central to our business, and we are committed to accelerating the transition to cleaner energy for shipping. This recognition reinforces our efforts to develop practical, scalable solutions that support a low-carbon future for the industry.”

Maria Angeles Lopez, Decarbonisation Manager at Peninsula, said: “Receiving this award is recognition and validation of our efforts to drive sustainability in a pragmatic way.

“At Peninsula, we believe in taking proactive steps towards a cleaner maritime industry and have been working hard to ensure that this is done across our global network. Through investment in alternative fuels, assets, people, strategic partnerships, and rigorous carbon tracking processes, we remain committed to driving meaningful change today, and in the future.

“We would like to thank the MPA for their acknowledgement of our efforts and for granting us the award.”

Idris Talib, Technical Manager – APAC, ADERCO, said: “Sustainability is an integral part of Aderco, and receiving the LowCarbon Award reinforces our commitment to advancing sustainable initiatives among both our internal teams and external partners.”

Companies’ submissions were evaluated by a panel comprising members from Maritime and Port Authority of Singapore (MPA), GCNS, and industry associations, based on the quality of their carbon accounting using the Carbon Emissions Recording Tool (CERT), and their emissions reduction measures.

The Award is a collaboration under the Carbon Management MoU signed between MPA, the UN Global Compact Network Singapore (GCNS), and various industry associations, namely the Association of Regional Ferry Operators (ARFO), the Association of Singapore Marine Industries (ASMI), the Singapore Association of Ship Supplies and Services (SASS), and the Singapore Shipping Association (SSA).

The Maritime SG LowCarbon50 Programme is another initiative under this MOU. In 2024, around 60 participants from about 30 companies took part in workshops under this Programme to strengthen their carbon management practices.

Photo credit: Maritime and Port Authority of Singapore
Published: 2 April, 2025

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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

15 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

15 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

15 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