Singapore’s Ezion Holdings says one of its jointly-owned liftboats has capsized in the South China Sea.

However, there are no casualties as the Teras Lyza (built 2014) was unmanned at the time of the incident which occurred on Tuesday.

The Singapore-flagged vessel was being dead towed from Vung Tau, Vietnam to Taichung, Taiwan when it developed a sudden list to the stern before capsizing.