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Straits Energy Resources, Seashore Technologies in HOA for offshore 4G/5G roll out

Aims to optimise and enhance the usage of automation, surveillance, remote operations and big data analytics through IoT in Malaysia and regionally.
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Malaysia-listed company Straits Energy Resources Berhad on Monday (27 September) said it has entered into a Heads of Agreement (HOA) with Seashore Technologies Pte Ltd.

Both parties will collaborate and participate in the growing wireless network communication business opportunities as part of the 4G and 5G rollout and the digital transformation of the oil and gas industry (O&G) through the Internet of Things (IoT) in Malaysia and regionally. 

Seashore Networks is principally a software company building last mile networks with 4G, 5G and wireless networks. 

It provides open virtualized Radio Access Network (RAN) software that supports open interface and virtualized baseband unit to build a disaggregated multivendor, web-scale, cloud native telecommunication network. 

Seashore Networks also collaborates with a growing ecosystem of partners to support a diverse open radio access network supply chain.

“We are looking forward to signing a definitive agreement with Seashore Networks that when materialised, will enable us to immediately commence exploring the huge business potential in the 4G and 5G rollout as well as the IoT in Malaysia and regionally,” says Dato Sri Ron Ho Kam Choy, Straits’ Group Managing Director.

“The digital economy and technology will be the backbone of the nation’s economy and Straits is eager to move in rapidly to ride on this vast digital arena both in the terms of the 4G and 5G technology rollout and also in the digital transformation of the oil and gas industry. 

“With our business networking, we are optimistic that we can contribute to the digitalization process of both the public and private sector with the support of Seashore Networks and other collaboration partners in the digital ecosystem.”

In addition to participating in the 4G and 5G rollout nationwide and regionally, Straits intends to lead the digital transformation of the O&G industry with the aim to optimize and enhance the usage of automation, surveillance, remote operations and big data analytics through the IoT.

“Malaysia is expected to see about 80% of the populated areas having 5G network coverage as part of the government’s efforts to reopen the country on a firmer footing. Our aspiration in this highly scalable new digital venture is also very much aligned to the government’s measures to accelerate the development and growth of high speed, affordable and reliable 5G connectivity for the population’s socioeconomic benefits. 

“The 5G rollout is expected to kick-start in Kuala Lumpur, Putrajaya, and Cyberjaya by the end of 2021 and we hope to be able to contribute to this rollout process,” he adds.

“Straits as a fast-growing enlarged Group is always looking for business opportunities to increase its earnings base and this venture with Seashore Networks when in place will definitely open up an array of numerous exciting opportunities that the digitalization waves offers. 

As the government aspires to successfully transform Malaysia into a digitally-driven, high income and a regional leader in the digital economy, we at Straits is positioning itself to be in line towards this objective,” Dato Sri Ron Ho Kam Choy concluded.

 

Photo credit: Aaron Lee from Unsplash
Published: 28 September, 2021

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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.

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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.

Related: Singapore: Hin Leong Founder OK Lim gets jail term slashed to 13.5 years

 

Photo credit: Sora Shimazaki
Published: 21 July, 2026

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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.

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16 hours ago

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July 21, 2026

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RESIZED Drew Beamer

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.

Related: Singapore: Director declares Heng Tong Fuels & Shipping’s inability to continue business
Related: Heng Tong Fuels & Shipping in court over DBS Bank bunker tanker loan
Related: Singapore: Bunker tanker “Coastal Neptune” arrested
Related: Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market

 

Photo credit: Drew Beamer
Published: 21 July, 2026

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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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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

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