Three Dead, Three Missing after Cargo Ship Sinks off Vietnam

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  • As China Merchants Port Holdings Forecasts 50 Pct Profit Rise

General cargo ship VTB 26, carrying 4,700 tons of coal and 13 crew members on board capsized and sank on Monday, July 17 in Cua Lo anchorage, Gulf of Tonkin, amid relentless waves caused by typhoon Talas.

According to the latest update from Vietnam’s Ministry of Transport, 7 people have been rescued, while three seafarers were found dead and three more are still missing.

The search for the missing crew members is underway.

Ships passing in the vicinity of the incident have been informed to be on the lookout for potential survivors.

The ill-fated freighter was reportedly on its way from Quang Ninh to Cua Lo in the Gulf of Tonkin when it had to anchor amid bad weather. The contact with the ship had been lost shortly after midnight after the ship’s master managed to send out a distress signal.

The Vietnam-flagged cargo ship, with a deadweight of 5,198 tons was built in 2013.

Meanwhile, Hong Kong-listed China Merchants Port Holdings expects to record an over 50 percent jump in profit for the six months ended 30 June 2017 when compared with the same period last year.

The increase in net results for the first half of the year has been ascribed primarily to the expected net gain of approximately HKD 775 million (USD 99.2 million) that will be recorded from the disposal of its entire interest in China International Marine Containers (CIMC).

As informed, CIMC is expecting to return to profit in the first half of the year, as compared with a loss of RMB 378 million in the same period last year.

Detailed financial information of the group for the six months ended 30 June 2017 will be published in August 2017, the company said.

CMPort is China’s largest port developer, with a comprehensive ports network along coastal China as well as South Asia, Africa, Europe, and Mediterranean. These locations include Shanghai, Shenzen, Hong Kong, Qingdao along with Colombo in Sri Lanka, and Djibouti, Africa.

For 2017, the company set out three strategic goals, those being consolidation and unification of the West Shenzhen Port Zone and stepping up of efforts in improving both the software and hardware of the homebase port; seeking to capture opportunities for expansion of the port network layout within China, and expansion of overseas ports network.

World Maritime News

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