Business

China: Zhoushan maritime and bunkering sector undergoes expansion in 2021

A total of 4.38 million mt of bonded oil supply deliveries, an on year increase of 19.1%, was conducted at the Northeast Asia bunkering port of Zhoushan between January to October.

Published

5 years ago

December 13, 2021

Admin

The following article where information was supplied by our China correspondence was first published by Manifold Times on 13 December. An online translation service was used in the production of the current editorial piece:

The Zhejiang Provincial Department of Transportation on Thursday (9 December) said Zhoushan City has been continuously expanding its industrial and maritime services since the start of 2021 as part of activities to support the local bunkering sector.

From January to October 2021, Zhoushan completed 4.38 million metric tonnes (mt) of bonded oil supply deliveries, representing an on year increase of 19.1%. Total sales of 31.8 billion yuan (USD 49.8 billion) for its maritime services were recorded.

The government body, meanwhile, shared three areas of development it undertook as part of expansion plans in 2021.

The first area was the acceleration of the construction of parks and expansion of industrial clusters to promote the gathering of enterprises and institutions such as warehousing and logistics, ship supply, voyage repair, inspection, and crew services. As such, firms including Longyi Logistics and Ningxing Enterprises have started operations within the region.

The second area of development was to improve supporting elements in order to ensure service capabilities. This led to the integration of the fuel supply operations at Huzhou in the Yangtze River Delta and the normalisation of night berthing and refueling at anchorages in the port area, with the addition of four refueling points at the northern Shulang Lake anchorage, increasing the number of fuel-supply points to 22.

Initiatives have also resulted in the introduction of the world’s first “Anchorage Fuel Supply Meteorological Index” for Zhoushan, and an increase in the number of operating days per year at the Mazhi Anchorage and Xiushan Anchorage by about 200 days, and the Tiaoqimen and Xiazhimen Anchorages by about 180 days.

The period also saw the launch of the country’s first paperless pilot program for the direct supply of bonded fuel oil across customs areas and an upgraded version 2.0 of a bonded oil intelligent scheduling programme, increasing the anchorage utilisation rate by 30%.

The third area of development was the improvement of innovation platforms and expansion of the industrial chain at Zhejiang which resulted in the construction of a “ship transaction + data service + financial service” platform and the formation of an online industrial chain integrating ship trading, auction, evaluation, domestic and international brokerage. The platform saw 5.516 billion yuan of ship transactions completed from January to October 2021.

There were also plans to build the “green ship repair” business at Zhoushan which involved the allocation of special funds and technical support for the upgrading and transformation of enterprise equipment and production technology. From January to October, the output value of ocean ship repair is expected to reach 5 billion yuan.

Photo credit: Manifold Times
Published: 13 December, 2021

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

18 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

18 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

18 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