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KPI OceanConnect reports significant increase in bunker sales volume across Asia

Hong Kong and China recorded 65% and 20% higher respectively in marine fuel sales volume, as a result of fewer restrictions on bunker-only calls, says firm.

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International bunkering firm KPI OceanConnect on Tuesday (28 June) reported its fiscal performance for the financial year 2021/22 with a “significant volume increase” across Asia, with Hong Kong and China volumes 65% and 20% higher respectively. 

The company said this was due to fewer restrictions on bunker-only calls. 

Its overall revenue improved slightly to USD 2.94 billion, from USD 2 billion in 2020/21, maintaining its market share. 

Annual earnings before tax (EBT) also increased from USD 15.1 million to USD 15.4 million. 

Søren Høll, CEO at KPI OceanConnect, commented: “We are very pleased to report such solid financial results, despite the uncertainty within the market, and on the back of a global pandemic. It shows the strength of our consultative and partnership-based approach, our reputation for being a trustworthy and reliable partner, as well as the hard work of the entire global team at KPI OceanConnect.” 

2021 saw many significant developments for KPI OceanConnect as the company continued to support its partners to meet the challenges of the global pandemic, accelerate the drive for decarbonisation, support the demands for increased transparency in the supply chain, and empower change through diversity and inclusivity.

Two significant milestones on the sustainability front include the successful delivery of one of the first carbon offset transactions in the bunkering sector, and the launch of a dedicated Alternative Fuels and Special Projects division led by industry expert Bill Wakeling. The new division has significantly expanded the company’s future fuels expertise and capabilities, as well as enhanced sustainability in its supply chains. The company is actively working in partnership with clients to support and guide the development of future fuels strategies that achieve net-zero emissions and meet sustainability goals.

Søren Høll continued: “As the market continues to rapidly change and becomes increasingly complex, it is clear that ship owners and operators need expert counsel founded on in-depth knowledge and insight into how the energy transition and future fuels market impact their businesses. In conjunction with our financial strength, ability to innovate, and global focus, we have the capability to ensure fuel procurement strategies help our clients meet the needs of their operations and continue to thrive as the market transforms.”

As part of its commitment to diversity and inclusivity in shipping, KPI OceanConnect launched its ‘Women in Shipping’ initiative to drive awareness of the many great career opportunities that exist in the shipping industry, and to highlight how an informed, inspired and connected workforce delivers more added value for the business and its partners.

The initiative is part of KPI OceanConnect’s journey to attract more women into the industry, driving greater gender balance and demonstrating how an inclusive, diverse and supportive organisation can deliver more innovation and dynamic thinking, which in turn stimulates effective, high performance working environments and empowers change.

Looking ahead, KPI OceanConnect remains a financially strong counterpart, and is well positioned to lead partners through the green transition by consulting on new fuels and carbon offsets – whether voluntary or mandatory – while also delivering innovative initiatives that will bring positive change to the whole industry, according to the firm. 

Related: KPI OceanConnect introduces Alternative Fuels and Special Projects division
Related: KPI OceanConnect reports 26.5% increase in bunker fuel sales volume for FY 2020/21

 

Photo credit: KPI OceanConnect
Published: 29 June, 2022

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Winding up

Singapore: Liquidators of Nan Ho Maritime, Nan Xin Maritime issue notices of dividend

Nan Ho Maritime’s second interim dividend and Nan Xin Maritime’s second and final dividend are payable from 4 September, according to Government Gazette notices.

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Notices of dividend for Nan Ho Maritime Pte Ltd and Nan Xin Maritime Pte Ltd, which are currently in creditors’ voluntary liquidation, were published on the Government Gazette on Friday (4 September). 

The following are the details of the notice for Nan Ho Maritime:

Name of Company : Nan Ho Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 200814315C
Address of Former Registered Office : 21 Bukit Batok Crescent, #22-70 WCEGA Tower, Singapore 658065
Amount per centum : 2.305 per centum of all admitted ordinary claims
First and Final or otherwise : Second interim dividend
When Payable : 4 September 2026 onwards
Where Payable : c/o AAG Corporate Advisory Pte. Ltd., 11 Collyer Quay, #07-02 The Arcade, Singapore 049317

The following are the details of the notice for Nan Xin Maritime:

Name of Company : Nan Xin Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701966W
Address of Former Registered Office : 21 Bukit Batok Crescent, #22-70 WCEGA Tower, Singapore 658065
Amount per centum : 3.980 per centum of all admitted ordinary claims
First and Final or otherwise : Second and final dividend
When Payable : 4th day of September 2026 onwards
Where Payable : c/o AAG Corporate Advisory Pte. Ltd., 11 Collyer Quay, #07-02 The Arcade, Singapore 049317

 

Photo credit: Benjamin Child
Published: 7 September, 2026

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LNG Bunkering

Singapore-based EPS takes delivery of three LNG dual-fuel bulk carriers

Three vessels are the third, fourth and fifth in the company’s series of 14 Newcastlemaxes being built at the yard, and were delivered five months ahead of their contracted delivery dates.

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Singapore-based Eastern Pacific Shipping (EPS) on Friday (4 September) announced the naming and delivery of three new LNG dual-fuel Newcastlemax bulk carriers from China’s Qingdao Beihai Shipbuilding. 

Cyril Ducau, CEO of EPS, said the vessels were named Mount Victoria, Mount Yulong and Mount Wuyi

The three vessels are the third, fourth and fifth in the company’s series of 14 Newcastlemaxes being built at the yard, and were delivered five months ahead of their contracted delivery dates.

“A big thank you to CSSC Group and Qingdao Beihai Shipbuilding, working alongside our EPS team, for the tremendous collaboration and commitment behind this achievement,” Ducau said in a social media post.  

 

Photo credit: Eastern Pacific Shipping
Published: 7 September, 2026

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Port & Regulatory

ISWG-GHG 22: IMO working group aims to present NZF text at MEPC 85

The Chair expressed his observation of a genuine willingness within the Group to make concrete further progress at the next ISWG-GHG meeting and work towards presenting text to MEPC 85.

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The Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from Ships (ISWG-GHG 22) met for its 22nd meeting from 1 to 4 September 2026, chaired by Mr. Sveinung Oftedal (Norway), according to the International Maritime Organization on Friday (4 September). 

According to a meeting summary by IMO, the meeting had a high level of participation, with nearly 1200 registered participants, in person and online.

During the meeting participants considered the following agenda items:

Consideration of proposals, including documents submitted to MEPC 84 and 85, previous sessions of ISWG-GHG, as well as documents submitted to ISWG-GHG 22, on how to address concerns with the draft amendments to MARPOL Annex VI on the Net-Zero Framework, in line with the 2023 IMO GHG Strategy

Following constructive discussions, the Chair expressed his observation of a genuine willingness within the Group to make concrete further progress at the next ISWG-GHG meeting and work towards presenting text to MEPC 85 that adequately addresses the noted progress made in the consideration of proposals on how to address concerns raised regarding the draft amendments to MARPOL Annex VI on the mid-term measure.

The Group invited interested delegations to continue to consult intersessionally to address remaining concerns with the draft amendments to MARPOL Annex VI, in line with the 2023 IMO GHG Strategy, taking into account views expressed at the Group’s session, with a view to submitting concrete proposals reflecting enhanced convergence allowing timely adoption and effective implementation.

Further consideration of the draft guidelines supporting the uniform and effective implementation of IMO’s mid-term measures.

The Group held a preliminary exchange of views on this agenda item, although time became a limiting factor and the Group and agreed to defer the consideration of all documents submitted to this session under this agenda item to ISWG-GHG 23 (23-27 November 2026).

Further consideration of the development of the IMO Life Cycle GHG Assessment (LCA) framework.

Due to time constraints, the Group was not able to consider the agenda item related to the IMO Life Cycle GHG Assessment (LCA) framework. The Group deferred the consideration of those documents to ISWG-GHG 23, in conjunction with the report of the fourth meeting of the GESAMP-LCA Working Group expected to be submitted to MEPC 85.

Next steps

The next meeting of the Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from Ships (ISWG-GHG 23) is scheduled for 23 to 27 November 2026, ahead of MEPC 85 (30 November to 3 December).

The second extraordinary session of MEPC (adjourned last October) is scheduled to resume on 4 December, subject to discussions at MEPC 85.

 

Photo credit: International Maritime Organization
Published: 7 September, 2026

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