Update – we understand a salvage contract has been signed
between Owners and Nippon Salvage. As such there will be a salvage
claim and cargo interests no doubt would like to recover losses
from Owners/carriers.
A declaration of GA is also almost inevitable in our view.
***
We have received reports that the "CHEMROAD
JOURNEY ", a 2009 built chemical tanker flying
the Cayman Islands flag, has grounded and is listing 15
degrees to port, believed to be holed.
It is carrying a cargo loaded in Saudi Arabia and was bound
for China via Singapore.
The vessel requires professional assistance from salvors.
It is also possible that General Average will be declared.
So far as any recovery is concerned, we have identified the
vessel's P&I Club.
