Business

MOL seventh update on “MV Wakashio” reveals plans for safe removal of stern

Forward half of the vessel has been sunk within Mauritian territorial waters after measures such as removing hydraulic oil by experts, reports MOL.

Published

6 years ago

August 26, 2020

Admin

Japanese shipping firm Mitsui O.S.K. Lines, Ltd. (MOL) on Tuesday (25 August) published a seventh update on grounded bulk carrier MV Wakashio summarising shipowner Nagashiki’s plans to salvage parts of the vessel before its disposal as well as MOL’s own efforts to supply clean-up experts and equipment:

Tokyo-Mitsui O.S.K. Lines, Ltd. (MOL; President: Junichiro Ikeda) as the Charterer of Capesize Bulker Wakashio, are doing everything possible to support the efforts of Owner and Manager, Nagashiki Shipping Co. Ltd. (Nagashiki) 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.

Wakashio went aground off Mauritius on July 25, and the bunker oil leaked out on August 6, and the vessel broke apart on August 15.

The following information has been received from Nagashiki.

The Forward part of the hull has been towed to the designated position instructed by the Mauritian Authority, and the order to sink the vessel at that position was given on August 21. Owner was informed on August 24, that the forward half of the vessel has sunk within the Mauritian territorial waters after measures such as removing hydraulic oil by a team of experts in accordance with the instructions from the local Authority and applicable Law.
Team of salvage experts appointed by Nagashiki, are in close dialogue with the local Authority about the safe removal plan of the stern part of the hull.
A Team of experts appointed by Nagashiki continue to work together with the Authority and Volunteers, to recover the oil from the sea and coastal areas in order to minimize the impact to the environment.

MOL as the Charterer, has dispatched a team of employees from MOL Group and clean-up equipment such as oil absorbent, to cooperate and support Nagashiki to recover the environment of Mauritius.

Six members from MOL arrived at the site on August 12, for the purpose of cooperating with the authorities, collecting information, preventing the spread of oil spill, and supporting oil spill recovery.
One member from MOL Group arrived at the site on August 22, for the purpose of managing the logistics and inventory of equipment such as oil absorbent.
Due to the measures to prevent the spread of COVID-19, area of activity will be limited. Members in Mauritius are collecting information from related parties and Authorities.
The first clean-up equipment sent by MOL, arrived in Mauritius on August 23. Thereafter, additional equipment such as masks, protective suits, oil absorbents, etc. will arrive in Mauritius on August 26 and August 28.

MOL plans to keep sending necessary equipment.

MOL will continue to work with the relevant authorities of Mauritius and Japan to mitigate the situation as soon as possible together with the shipowners.

Photo credit: International Maritime Organisation
Published: 26 August, 2020

Winding up

Singapore: Notice of intended dividend issued for Xihe Holdings’ subsidiaries

Creditors will need to produce proofs of debt to liquidators of Da Xin Tankers and Nan Chiau Maritime by 5 August, according to Government Gazette notice.

Published

10 hours ago

July 23, 2026

Admin

Two notices to declare the intended dividend of Xihe Holdings’ subsidiaries to their creditors have been posted on the Government Gazette on Wednesday (22 July).

The subsidiaries are Da Xin Tankers Pte Ltd and Nan Chiau Maritime Pte Ltd.

The following are the details of the notices of intended dividend:

Name of Company : Da Xin Tankers (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 198400895W
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Name of Company : Nan Chiau Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No.: 200814296Z
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Photo credit: steve pb from Pixabay
Published: 23 July, 2026

Biofuel

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

Company says it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply.

Published

10 hours ago

July 23, 2026

Admin

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

South Korean petroleum and refining company S-Oil on Wednesday (22 July) said it has started supplying B30 very low sulphur fuel oil (VLSFO), as the company seeks to support shipping’s decarbonisation efforts and growing demand for lower-carbon bunker fuels.

The company said its B30 VLSFO contains 30% sustainable biofuel blended with conventional VLSFO and can be used without requiring modifications to existing vessels, enabling shipowners to comply more readily with emissions regulations from the International Maritime Organization (IMO) and the European Union (EU).

S-Oil said it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply. The system combines VLSFO produced at its Onsan refinery with biofuel production facilities and storage infrastructure in the Ulsan region, allowing the entire process to be carried out within a single logistics hub.

According to the company, the integrated supply chain reduces transportation requirements during production while improving supply efficiency and reliability.

S-Oil also highlighted Ulsan Port as a strategic location for marine biofuel supply, noting the port has strong demand for bio-bunker fuels, particularly from car carriers, enabling prompt and stable deliveries to key customers.

An S-Oil official stated: “In the bio-marine fuel market, not only product quality but also securing a stable supply of raw materials and an efficient supply system are important competitive advantages.

“Based on our existing bunkering business capabilities and the excellent supply infrastructure in the Onsan area, we plan to supply stable and competitive low-carbon fuel.”

Photo credit: S-Oil
Published: 23 July, 2026

Decarbonisation

Yang Ming and PSA to develop integrated sea-land decarbonisation solutions

Both will explore solutions spanning emissions measurement and verification, a digital Book-and-Claim framework, and a joint maritime-land inset token package.

Published

10 hours ago

July 23, 2026

Admin

Yang Ming and PSA to develop integrated sea-land decarbonisation solutions

PSA International (PSA) on Monday (20 July) said it has signed a Memorandum of Understanding (MoU) with Yang Ming Marine Transport Corporation (Yang Ming) to jointly accelerate the adoption of low-carbon solutions across the maritime value chain.

Beyond emissions measurement and verification, the collaboration will focus on a digital Book-and-Claim framework and a joint maritime-land based inset token package.

“This synergy provides cargo stakeholders with a transparent and accountable sea-land pathway to achieve their decarbonisation targets,” PSA said on its website.

Yang Ming launched the green transport service, EcoSea+. This initiative integrates Yang Ming’s low-carbon navigation capabilities to empower customers with a flexible and transparent strategy to effectively reduce their Scope 3 transportation emissions. By joining forces with PSA, Yang Ming is able to expand the impact of these sustainability actions beyond the ocean.

Building on its position as a global port operator, PSA advances its Node to Network strategy through integrated port and supply chain capabilities that enable a green network of terminal and landside operations to reduce end-to-end supply chain emissions.

The agreement was officially signed by Mr Ivan Chiang, Chief Logistics Officer & Senior Vice President of Yang Ming, and Mr Eddy Ng, Group Head of Operations, Technology and Sustainability of PSA International.

Mr Ong Kim Pong, PSA International Group CEO, said, “As responsible stewards of tomorrow, PSA is committed to delivering sustainable impact across the global port and supply chain ecosystem.

“Tackling the challenges arising from climate change will require the collective efforts of all players in the maritime supply chain sector. We are excited to partner Yang Ming on the decarbonisation of global supply chains and support the transition towards a more sustainable global economy.”

Photo credit: PSA International
Published: 23 July, 2026