Business

MOL releases second update on “MV Wakashio”, 1800 mt of fuel remain onboard

Approximately 460 mt of 1000mt of leaked fuel is estimated to have been manually recovered and 1,600 mt of VLSFO and about 200 mt of DO remain on the ship.

Published

6 years ago

August 12, 2020

Admin

Japanese shipping firm Mitsui O.S.K. Lines, Ltd. (MOL) on Tuesday (11 August) published a second update on grounded bulk carrier MV Wakashio detailing steps that have been taken thus far to minimise any damage caused to the environment and to salvage the situation:

Tokyo-Mitsui O.S.K. Lines, Ltd. (MOL; President: Junichiro Ikeda) received the following information from Nagashiki Shipping Co. Ltd.(Nagashiki) who is the owners and managers of bulk carrier Wakashio and Time Chartered to MOL.

Situation of leaked Fuel Oil:

As of 25 July Local Time when the vessel ran aground, it had approximately 3,800 MT of Very Low Sulphur Fuel Oil(VLSFO) and 200 MT of Diesel Oil(DO) onboard.
By August 11, Local time, approximately 1,020 MT of VLSFO onboard had been pumped out and transferred onto small tankers.
Approximately 1,180 MT had leaked out from the vessel fuel tank, which an estimated 1,000MT has leaked outside of the vessel, and 460 MT is estimated to have been manually recovered from sea and coast.
About 1,600 MT of VLSFO and about 200 MT of DO remain on the ship, and transfer work will continue.

Situation of the Ship:

We confirmed that the crack inside the hull of the ship had expanded. Since this ship is unable to navigate by itself, it is moored to a tugboat so that it will not drift even if it is broken.

Status of cargo:

There is no cargo on board.

Others:

MOL, has dispatched 6 members from our company, who have tested negative for PCR, to the site today (11thAug) for the purpose of cooperating with the authorities, collecting information, preventing the spread of oil pollution, and supporting oil spill recovery. We will continue to consider additional dispatch of personnel and transportation of supplies.
As Charterer, MOL has been in constant touch with the owner since first informed of the incident on the island of Mauritius.
MOL have offered all support and assistance and are aware that a large team of professional oil responders and salvors, led by Smit International of the Netherlands, which has been contracted by owners and has been on site for some days.
MOL is doing everything possible to support the efforts of owner and manager, Nagashiki Shipping and their appointed teams in mitigating the effects of the spill. MOL deplores any incident of oil pollution and continues to offer support to all involved in the response.

Photo credit: European Space Agency
Published: 12 August, 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

15 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

16 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

16 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