Business

Spain’s Molgas fully acquires Dutch LNG supplier Titan Clean Fuels

Titan’s LNG bunkering operations will merge with Molgas’ existing operations in Norway and all truck-to-ship supply across Norway and continental Europe will now be combined.

Published

10 months ago

October 8, 2025

Admin

Spain’s Molgas fully acquires Dutch LNG supplier Titan Clean Fuels

Molgas Energy Group (Molgas), backed by infrastructure investor InfraVia, has finalised the full acquisition of Titan Energy Holding, parent company of Titan Clean Fuels (Titan), the companies announced on Tuesday (7 October).

The transaction, which follows Molgas’ initial 45% minority stake, marked a major step forward in the Group’s strategic growth in the clean marine fuels sector.

Titan is an independent supplier of liquefied biomethane (LBM/bio-LNG) and LNG, serving both maritime and industrial customers. Its fleet of small-scale bunkering vessels operates across key global markets, with a strong base in the Northwest European region.

Titan’s LNG bunkering operations will merge with Molgas’ existing operations in Norway and all truck-to-ship supply across Norway and continental Europe will now be combined.

With the integration of Titan, the Molgas Energy Group now operates a fleet of seven LNG bunkering vessels and manages a proprietary network of over 70 road-fuelling stations, with more than 200 points of sale including associated partner stations.

This expanded footprint positions Molgas as a pan-European leader in downstream LNG and bio-LNG solutions for industrial, road transport, and marine customers.

The acquisition comes at a time of accelerating momentum for clean fuels. LNG and bio-LNG are increasingly recognised as scalable, low-emission alternatives that can play a vital role in decarbonizing both shipping and heavy-duty road transport.

With tightening regulations, like EU ETS and FuelEU Maritime, and therefore growing demand for sustainable energy, Molgas and Titan are well-positioned to lead the transition toward cleaner mobility and logistics.

Following the transaction, Niels den Nijs will lead Molgas’ Marine Business as Executive Vice President, Marine. He will oversee all marine activities, delivering integrated end-to-end ship-to-ship and truck-to-ship bunkering services across Europe.

Sofoklis Papanikolaou, CEO of Molgas, said: “Niels and the Titan team started as true pioneers, showing remarkable innovation and have grown Titan into one of the sector’s most reliable LNG bunkering operators. The success of our initial collaboration laid the groundwork for this acquisition, which significantly extends our reach and capabilities.

“We are welcoming to the group a very experienced team, with leading specific expertise in marine fuels and decarbonisation. Together, we will build a robust platform to deliver LNG and bio-LNG solutions across Europe and beyond.”

Niels den Nijs, CEO of Titan, said: “From the start, our partnership with Molgas was a strong strategic fit and I’m very happy to join their board. By joining forces fully, we substantially strengthen our balance sheet and joint commercial reach.

“Together, we will scale our clean fuel solutions for the maritime sector at a time of accelerating demand and regulatory tail winds. This integration allows us to better serve our long-term customers with an unrelenting focus on our mission: to deliver economical fuel at scale to help decarbonize shipping.”

Athanasios Zoulovits, Partner at InfraVia Capital Partners, said: “As the maritime industry undergoes a major transformation, Titan’s expertise positions Molgas to lead in delivering scalable clean marine fuel solutions. We are proud to support Molgas in its mission to accelerate the energy transition across industrial, mobility, and maritime markets.”

Photo credit: Titan Clean Fuels
Published: 8 October, 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