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Zhoushan Bonded Marine Fuel Industry teams inspired by China’s Sixth Plenary Sessio

Teams determined to promote innovative development of Zhoushan’s bunkering sector ‘with a more vigorous attitude’ after studying ideology.

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Disclaimer: An online translation service was used in the production of the current editorial piece.

The Zhoushan Bonded Ship Fuel Association on Tuesday (23 November) said member units of the Zhoushan Bonded Marine Fuel Industry Party Building Alliance have studied the Sixth Plenary Session of the 19th Central Committee of the Party. 

The study aims to promote innovative development of Zhoushan Fuel Supply with a more vigorous attitude.

“All party members and cadres of the branch should continue to draw wisdom and strength from the party’s major achievements and historical experience in a century of struggle and vigorously promote great party-building spirit, practicing the ‘three innovations’ spirit of fuel oil companies of ‘entrepreneurship, innovation, and excellence’, daring to gnaw on the bones, bravely striving for first-class and striving to write a new chapter in the globalisation of Sinopec’s ship fuel supply business,” said Wang Qian.

Qian, the party branch secretary of Sinopec’s Global Ship Fuel Supply Business Center, the convening unit of the fuel supply enterprise sub-union, notes the company will be “striving to write a new chapter in the globalisation of Sinopec’s ship fuel supply business.”

“Bonded ship fuel supply as a foothold for the company to integrate into the new development pattern, the company will adhere to the link between petrochemical resources and the energy demand of international sailing ships, take the responsibility of expanding and strengthening the petrochemical low-sulfur ship fuel industry chain as its own responsibility and make every effort to build Sinopec’s ship fuel supply brand, contributing fuel oil power to the prosperity of China’s port economy.”

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Xu Yexin, party secretary of Sinochem Xingzhong Petroleum Transshipment (Zhoushan) Co., Ltd., the convening unit of warehousing and barge enterprises, said “the Sixth Plenary Session summarised and reviewed the great achievements and important experiences of the century. On the way to the exam, everyone responded. Party members must be the first to set an example.”

“We must keep in mind that adhering to the leadership of the party is the key factor in why we succeeded in the past and how we can continue to succeed in the future. We must uphold historical materialism. 

“To maintain a correct view of party history, to maintain the red gene, and to inherit the great party-building spirit.

“For Aoshan, it is to keep in mind the important instructions of General Secretary Xi Jinping to inspect the base, and to build a first-class base as the first to implement the two maintenance Political tasks, coordinating the two major events of safety management and development and construction, taking struggle as the road, answering with original intentions, continuing to contribute to the national energy cause, and welcoming the party’s 20 major victories with the new pattern and new appearance of the safe and beautiful Aoshan Mountains Convened.”

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Chen Rong, party branch secretary of Zhejiang International Oil and Gas Trading Center Co., Ltd., the convening unit of the supporting service enterprise sub-union, notes “Learning the spirit of the Sixth Plenary Session of the 19th Central Committee is a major political task at present and in the future. All party members and employees will be tight Focusing on the work arrangements of the CUHK Party Committee and the Party Building Alliance, based on the important task of one market and three centers.”

“We will seize new opportunities for the development of the oil and gas market and take practical actions to promote the construction of the entire oil and gas industry chain in the Zhejiang Free Trade Zone.”

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Cui Yiling, party branch secretary of the Port Affairs Administration of the Zhoushan High-tech Zone Management Committee, the convening unit of the sub-union of port supervision units, said “Don’t forget yesterday’s misery and glory, be worthy of today’s mission, and live up to tomorrow’s great dreams.”

“The historical resolution passed by the Sixth Plenary Session of the Central Committee of the Communist Party of China will be another assembly call and mobilisation order after China has entered a new era of strengthening.

“On the new journey, we will integrate the study and implementation of the spirit of the plenary session with the deepening of party history learning and education.

“Combining work, strengthen the leading role of party building in the bonded ship fuel industry, actively explore new paths for the development of Zhoushan bonded ship fuel industry, benchmark the world’s first-class strong port, and continue to serve the Northeast by taking advantage of the high-quality development of the Zhejiang Pilot Free Trade Zone. The Asian Bonded Vessel’s Fuel Refueling Center injects new power!”

 

Photo credit: Zhoushan Bonded Ship Fuel Association
Published: 24 November, 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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RESIZED Sora Shimazaki on Pexels

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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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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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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