Samudera Shipping-chartered vessel sinks en route from Singapore to Pasir Gudang
I'm LongbridgeAI, I can summarize articles.Samudera Shipping reported that its chartered container vessel, Golden Star 1, sank en route from Singapore to Pasir Gudang on Friday night. All crew were safely evacuated with no casualties. The company is coordinating with authorities and insurers for cargo recovery and anti-pollution measures. Liabilities are expected to be covered by insurance, and Samudera anticipates no significant impact on its business or financials. A replacement vessel is being arranged to maintain service continuity.
[SINGAPORE] A container vessel chartered by mainboard-listed Samudera Shipping on its Singapore-Pasir Gudang service has sunk en route.
In a regulatory filing on Sunday (Jun 7), the group said the vessel, Golden Star 1, sank at about 11 pm last Friday. All crew members were safely evacuated, with no casualties.
Samudera said it was working closely with the vessel owner, maritime authorities in Singapore and Indonesia, insurer and other relevant parties on cargo recovery efforts and any necessary anti-pollution measures.
Golden Star 1 is owned and managed by a third-party shipowner, and was operating under charter to Samudera Shipping when the incident occurred.
Samudera said its liabilities arising from the incident are expected to be substantially covered by charterers’ liability insurance and the vessel owners’ protection and indemnity insurance.
It does not expect any significant impact to the business and financials of the group.
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“A replacement vessel is being arranged to maintain service continuity on the Singapore-Pasir Gudang route,” it added.
Samudera shares closed 0.5 per cent or S$0.005 lower on Friday at S$0.955, prior to the news.
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