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Bunker Fuel

Singapore: Notice of dividend issued for defunct bunker barge operator Millennium Oil

First and final dividend for the Millennium Oil Pte Ltd, which used to be the main bunker barge operator for Toyota Tsusho Petroleum Pte Ltd., is payable from 24 January.

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A notice was published in the Government Gazette on Friday (24 January), regarding the first and final dividend to creditors of defunct bunker barge operator Millennium Oil Pte Ltd.

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

Name of Company : Millennium Oil Pte Ltd (In Liquidation)
Unique Entity No./ Registration No.: 200821184Z
Address of Registered Office : 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778
Court : High Court of the Republic of Singapore
Number of Matter : HC/CWU 160/2023
Amount Per Centum : (i) 100 percentum of all admitted preferential claims under Section 203(1)(i) of the Insolvency, Restructuring and Dissolution Act 2018 (ii) 2.3330 percentum of all admitted ordinary Claims
First and Final or Otherwise : First and final dividend
When payable : From 24 January 2025
Where payable : c/o BDO Advisory Pte. Ltd., 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778

Toyota Tsusho Petroleum Pte Ltd, previously a licensed bunker supplier operating at the Port of Singapore, obtained a winding up order against Millennium Oil from the High Court of Singapore on 16 November 2023.

Toyota Tsusho Petroleum, which has ceased operations, dropped Millennium Oil as its main barge operator in early January 2022.

Related: Singapore: Liquidators issue notice of intended dividend for Millennium Oil
Related: High Court of Singapore issues winding up order to Millennium Oil
Related: Singapore: Bunker supplier Toyota Tsusho Petroleum applies to wind up former barge operator Millennium Oil
Related: Toyota Tsusho Petroleum removed from licensed bunker suppliers list in Port of Singapore
Related: Singapore: Toyota Tsusho Petroleum ceases operations, new firm established

 

Photo credit: Benjamin-child
Published: 27 January, 2025

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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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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

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LNG Bunkering

CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s alternative fuel bunkering infrastructure.

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CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

China’s Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. (CIMC SOE) recently signed a contract with Sinopec (Beijing) Clean Energy Co., Ltd. to build a 12,000-cubic metre (m3) LNG bunkering vessel, according to Chinese maritime media.

The vessel is scheduled for delivery in 2028 and will support Sinopec’s efforts to expand its presence in the marine clean energy sector.

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s LNG bunkering infrastructure.

With this signing , CIMC Pacific Offshore Engineering’s LNG bunkering vessel orderbook is further strengthened, maintaining its leading position in the global market for small and medium-sized LNG bunkering vessels.

The contract also marked another milestone for CIMC SOE, which has seen a sharp increase in orders and business performance this year amid a surge in domestic LNG vessel demand.

 

Photo credit: Nantong CIMC Sinopacific Offshore & Engineering
Published: 21 July, 2026

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Nuclear

ABS awards AiP to Korean institute for SMR-powered container ship concept design

KRISO says AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

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ABS awards AiP to Korean institute for SMR-powered container ship concept design

Korea Research Institute of Ships & Ocean Engineering (KRISO) on Thursday (16 July) received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its concept design of a 15,000 TEU Small Modular Reactor (SMR)-powered container ship utilising Molten Salt Reactor (MSR) technology.

KRISO said the AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

“This achievement demonstrates international recognition of KRISO’s technological capabilities in the rapidly evolving field of nuclear-powered shipping, supporting the transition toward low-carbon maritime transport,” it said. 

Building on this milestone, KRISO will continue advancing basic and detailed ship design, paving the way for future demonstration and commercialisation of SMR-powered vessels. 

Through continued R&D and international collaboration, KRISO remains committed to strengthening next-generation maritime technologies and contributing to the safe deployment of nuclear propulsion in the maritime industry.

 

Photo credit: Korea Research Institute of Ships & Ocean Engineering
Published: 21 July, 2026

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