Business

CNOOC (ShenZhen) Marine Supplies completes first bonded bunker fuel operation

Firm, a wholly-owned subsidiary of CNOOC, successfully delivered 1,730 mt of low-sulphur bonded fuel oil to “YM Enlightenment” ship in Yantian Port.

Published

4 years ago

July 13, 2022

Admin

CNOOC (ShenZhen) Marine Supplies Co., Ltd, which received a bonded bunkering business licence from the Shenzhen Municipal Party Committee and Municipal Government, completed its first bunker fuel delivery on Monday (27 June), learnt Singapore bunkering publication Manifold Times.

The company, a wholly-owned subsidiary of CNOOC Group, successfully delivered 1,730 metric tonnes (mt) of low-sulphur bonded fuel oil to YM Enlightenment ship in Yantian Port, making it the first ship to receive its bonded fuel from the newly licensed bunker supplier.

To date, the company has conducted bunker fuel deliveries to two ships including YM Enlightenment, a Chinese source told Manifold Times.

CNOOC (ShenZhen) Marine Supplies completes first bonded bunker fuel operation

With its recently-obtained licence, CNOOC (ShenZhen) Marine Supplies can supply ISO 8217:2010 bonded marine fuel in the Yantian District, Shekou and other areas in Shenzhen, Guangdong Province.

Established on October 4, 1988, CNOOC (ShenZhen) Marine Supplies is registered in Shenzhen Yantian District and its business scope includes the purchase and sale of petroleum products, bonded warehouse business, supply water and oil to foreign ships as well as the import and export business.

The company relies on CNOOC Huizhou Daya Bay Petrochemical Base to ensure the supply of marine fuel oil. The annual processing capacity of Huizhou Petrochemical Refinery is 22 million mt.

The facility is one of the largest marine fuel oil processing and export enterprises in Guangdong-Hong Kong-Macao Greater Bay Area. It is adjacent to Yantian port, both of which are under the jurisdiction of Shenzhen Customs.

At present, CNOOC (ShenZhen) Marine Supplies is responsible for selling the low-sulphur fuel oil resources Huizhou Petrochemical Refinery. The Company has 50,000 m3 of bonded fuel oil tanks and five 3,000 to 6,000 mt double bottom and double hull ships.

Contact details of the person-in-charge are as follows:

Xiao Huiqiang
CNOOC (ShenZhen) Marine Supplies Co., Ltd.
Address: 23-24F, Building B of CNOOC building, No.3168, HouhaibinRoad(Shenzhen Bay section), Nanshan District, Shenzhen
Postal Code: 518000
Mobile: 18924623932
E-mail: [email protected]
WeChat: 250459938

Photo credit: CNOOC (ShenZhen) Marine Supplies Co., Ltd.
Published: 13 July, 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

9 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

9 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

10 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