Business

ZeroNorth acquires US-based bunker market platform ClearLynx

Move allows ZeroNorth platform to provide bunker optimisation to industry, alongside voyage and vessel optimisation recommendations.

Published

5 years ago

January 11, 2022

Admin

Maritime technology company ZeroNorth on Tuesday (11 January) announced the acquisition of ClearLynx, an industry online platform for the bunker fuel market.

Adding ClearLynx to the ZeroNorth platform will provide ship owners and operators with an integrated and end-to-end solution for the cost and environmentally efficient optimisation of bunker fuel, from initial enquiry through to supply, it states.

ZeroNorth users will be able to take advantage of ClearLynx’s procurement, pricing and analytics, business intelligence, optimisation and planning, Sulphur Cap compliance and data feed products.

The deal also means the sector now has a single destination for voyage, vessel, and bunker optimisation – the ZeroNorth platform – directly supporting and enabling the decarbonisation transition within the marine value chain.

Once ClearLynx is integrated into the ZeroNorth platform, users will be able to make informed decisions through connected voyage, vessel, and bunker optimisation recommendations. This comprehensive overview will directly support the industry’s decarbonisation pathway, providing players across the sector with an immediate and impactful means of reducing their environmental impact on the planet whilst improving their revenue.

The increased revenue generated by connected voyage, vessel and bunker optimisation recommendations can be injected back into the industry’s decarbonisation efforts, supporting the development of the future fuels and clean technologies that the industry needs to meet carbon targets.

ClearLynx will continue to offer its current bunker services via its platform and will also over time be integrated within the ZeroNorth platform bolstering optimisation benefit to customers of both platforms, the industry and the planet. The ClearLynx team will give ZeroNorth a physical presence in the US and create a foundation for continued growth and sales within the region.

ClearLynx will forge ahead and execute its product enhancement roadmap over the coming months with further features and developments for its customers to use within their operations. The company also plans to scale leveraging ZeroNorth’s experience. Javier Sierra, ZeroNorth’s current Head of Partnerships, will take on the role of General Manager of ClearLynx.

Søren Meyer, CEO, ZeroNorth, said: “Today’s announcement is another big step forward in ZeroNorth’s mission to support and enable decarbonisation in the maritime value chain. Adding ClearLynx and their considerable expertise to our offering means that our customers will be able to make the most of a powerful trio of voyage, vessel and bunker optimisations that are linked and working in tandem.

“Our industry needs to act now, and we think this announcement provides players across the sector with an effective and accessible way to take immediate action. Optimising voyages, vessels, and bunkers will not only be important to cut emissions and improve revenue today, but will also enable us to navigate the significant, imminent and urgent complexity of the coming decade.”

Gerry Van Geyzel, CEO, ClearLynx, added: “We are delighted to be joining ZeroNorth and contributing to making global trade green at such a pivotal time for the shipping industry. In the years since ClearLynx was founded we have seen a rapid transformation in the marine fuel market, driven by regulatory change and the demands for increased sustainability. We are proud to have been acquired by a company that is so dedicated and passionate in driving tangible and meaningful change to meet the decarbonisation challenge for the betterment of operators, the industry and the planet.”

Photo credit and source: ZeroNorth
Published: 12 January, 2022

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