Business

Singapore: Sing Fuels launches Base Oil trading desk as part of expansion plan

Located in Singapore, the Base Oil Desk is in line with the company’s current growth strategy to diversify its products; Sing Fuels will be trading Group I, II and III base oil products.

Published

6 years ago

November 23, 2020

Admin

Singapore-based energy trading company Sing Fuels on Monday (23 November) introduced the launch of a Base Oil Desk as part of an ongoing expansion plan.

Located in Singapore, the Base Oil Desk is in line with the company’s current growth strategy to diversify its products; Sing Fuels will be trading Group I, II and III base oil products:

“We are very excited to unveil our new base oil desk which is made up of a team with extensive experience and market knowledge,” says Satnam Singh, Chief Operating Officer, Sing Fuels.

“To strengthen the team, we have appointed Amin Jairaj Koragappa as Head of Base Oil, APAC and Roji Joseph as Trade Finance Manager. Their industry insights and skills will be a great boost to the business.”

Amin Jairaj Koragappa has over 15 years of experience in trading Base Oil and other petroleum products.

Koragappa’s last position was at GP Global, where he was working as a Head of Base Oils, APAC and was responsible and accountable for developing the base oil desk for GP Group and trading in the APAC region, including China, Bangladesh & India.

Prior to GP Global, he was with ExxonMobil & Bharat Shell in India where he was in supply & operations for more than 10 years. He is a commerce graduate from Mumbai University with a diploma in Shipping & Logistics Management in Singapore from HRM Consulting Associates Pte Ltd (official course provider for Institute of Shipping Management (ISM)).

“Base oils are main components of finished lubricants, greases and metal processing fluids. As a newly formed base oil desk, we will integrate the base oil team with Sing Fuels’ current operations in order to grow together and reach new milestones,” says Koragappa.

“The team will source various types of base oils directly from the refineries both in bulk & flexi bags & supplying to various customers. Our plan is to focus on South East Asia, China, India and Bangladesh, following with expansion strategy globally.”

Roji Joseph has more than 12 years of experience in trade finance and operations. He started his career in his home country, India and had shifted to Singapore in 2008.

In his last position at GP Global, Joseph was the Lead Treasury, APAC and was responsible for all varieties of trade financial instruments that can be used by an importer or exporter. He holds a Bachelor’s Degree in Theology and Library Science.

“I am excited to join the team and be part of a dynamic company. I look forward to contribute to the team’s success and wellbeing of our healthy society,” says Joseph.

Contact details of Amin Jairaj Koragappa and Roji Joseph are as follows:

Name: Amin Jairaj Koragappa [Photo: Left]
Designation: Head of Base Oil, APAC
Mobile: +65 9626 2904
Email: [email protected] / [email protected]

Name: Roji Joseph [Photo: Right]
Designation: Trade Finance Manager
Mobile: +65 9236 8393
Email: [email protected] / [email protected]

Photo credit: Sing Fuels
Published: 23 November, 2020

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

4 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

4 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

4 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