Connect with us

Business

SIBCON 2020: Evolution to a ‘completely different’ bunkering industry event, says organiser

Sukumar Verma, Managing Director at Informa Connect Singapore, explains how the world’s largest bunkering event will be virtually carried out between 6 to 8 October 2020.

Admin

Published

on

Sukumar MT v2

The 21st edition of Singapore International Bunkering Conference, fondly known as SIBCON by peers in the marine fuels sector, is scheduled to take place between 6 to 8 October 2020 after a recent confirmation by long-time organisers Informa Connect.

This time, the world renowned event will be continued on a virtual platform – a decision made after careful consideration by the SIBCON committee – due to its sheer importance for the marine fuels industry despite the Coronavirus Disease 2019 (COVID-19) pandemic.

“SIBCON is an enabler. We are, collectively, facing unprecedented times due to COVID and challenging market conditions,” Sukumar Verma, Managing Director at Informa Connect, Singapore told Manifold Times in an exclusive interview.

“The industry needs guidance, information and collaboration opportunities to move forward as a whole and SIBCON is ideally placed to provide this.”

The Singapore bunkering publication was seeking for more details on how the world’s most respected bunkering event will be carried out; for several (including the author), it is the first time attending a massive virtual event with features such as exhibitions, livestreaming, on-demand content, and more.

“SIBCON 2020 will be the perfect opportunity to embrace innovation, and the new normal for conferences. We want to open up the thinking associated with attending such events and show the marine fuels industry new possibilities available with the virtual format,” notes Verma.

“The ‘new’ SIBCON will be completely different to the point that it cannot be compared to the earlier physical format. We are now offering an online marketplace, which is also a content and engagement solution.

“With it comes unique advantages of attracting a new profile of people from around the world who may not have made it to the physical event, if we proceeded with it, for the reasons of travel safety, time and cost.”

He noted SIBCON 2020 will be accessible within a web browser through an event platform called Swapcard.

“Swapcard is an integrated platform that will host the virtual conference, virtual exhibition and virtual networking components for SIBCON this year,” he explains.

The program is an intuitive and easy to navigate platform and offers delegates the ability to customise the event to their needs; such as by tracking the participant list, visiting virtual exhibitions, prioritising networking, organising one-on-one meetings, and more.

“All registered participants will receive joining instructions, and we will have onboarding sessions for anyone who needs it,” adds Verma.

In addition, Informa Connect will conduct a more detailed education process for sponsors and exhibitors to help the audience maximise possibilities of the virtual platform for networking, data gathering, and business opportunities.

“The virtual environment offers scale in networking, uses AI to do match making and suggest meetings, and helps in focused lead generation. Further, every meeting held virtually is akin to exchanging a business card, and the person details can be used for further follow up,” he says.

“Brand engagement in a virtual event can be captured by monitoring who attends which session, who downloads a whitepaper, who visits a virtual booth, etc and all these details are fed back to sponsors and exhibitors for follow up and data gathering.

“Having said the above, it will help if the sponsors and exhibitors are also proactive such as by ensuring their team profiles are updated, run polls and quizzes to attract attention, offer prizes, actively source meetings, etc.”

To date, SIBCON is seeing strong support from industry for the virtual format.

“Simply put, SIBCON 2020 offers premium content plus the world’s largest bunker marketplace. All without an air ticket and hotel fees, and in the comfort of your own office/home,” concludes Verma.

“The majority of our speakers are rarely found on other bunker event line ups, and what they say can only be found in this biennial conference. The sheer scale of the event creates a marketplace enabling business transactions as well, now on a global scale.

“This SIBCON is special, and offers an opportunity for thought leaders of the bunkering industry to capitalise on as we head towards digitisation and towards a ‘new’ norm.”

Related: Singapore: SIBCON 2020 bunkering event to be hosted virtually

 

Photo credit: Manifold Times
Published: 6 August, 2020

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

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.

Admin

Published

on

By

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

Continue Reading

Trending