Maybulk picks POSH for bulker salvage job

Kuok-backed bulker owner stays in-house for rescue operation but still faces potential $1m bill.

Malaysian Bulk Carriers (Maybulk) has used sister company PACC Offshore Services Holdings (POSH) to salvage a grounded bulker.

POSH subsidiary Semco Salvage & Towage has refloated the 55,652-dwt Alam Manis (built 2007) which ran aground off the Seychelles last week.

The Singapore-flagged ship hit the Saya De Malha Bank in the Indian Ocean while she was en route from Richards Bay in South Africa to Pipavav in India.

Maybulk said the Alam Manis made various attempts to re-float, but was unsuccessful in each attempt due to the treacherous conditions at the location.

“It was necessary to engage salvors to avoid possible pollution and damage to the vessel,” the shipowner said in a statement.

“Given the situation, Semco Salvage & Towage was approached to assist as they had available tugs that could be despatched promptly to carry out salvage work for Alam Manis.

“With the assistance of Semco Salvage & Towage, Alam Manis was re-floated and is now en route to Pipavav Port where she will be inspected for damage.

“Due to the nature of salvage operations, the actual cost could not be determined at the time Semco Salvage & Towage were appointed. 

“They have indicated that the total salvage cost would be about $800,000, but will work out the total cost once their tugs have been de-mobilised.”

Maybulk said the grounding incident is covered under the hull & machinery insurance subject to the deductible for particular average claim of $100,000.

The bulker hit the headlines in July 2015 when the crew was forced to abandon the vessel after it suffered a shift in its cargo of nickel-ore.

One crewmember died in the incident which took place around 225 miles south east of Taiwan and at one stage saw the ship take on a 20 degree list.