Samudera Shipping-chartered vessel sinks en route from Singapore to Pasir Gudang
All crew members safe; group does not expect the incident to have any signifcant impact to its business or financials
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[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.
“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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