Gulf Navigation Holding has said it is "devastated" by the loss of its vessel Gulf Livestock 1 as it pledged a full investigation into the accident.

The 8,400-dwt cattle ship (built 2002) lost power and capsized in Typhoon Maysak off Japan on 2 September, on passage from Napier, New Zealand, with nearly 6,000 cows destined for the Chinese port of Tangshan.