Orchid Sun - Abandoned/Sinking

Built                        1985

GRT                        26046

Vessel Type          Bulk carrier

Voyage from/to    Korea/China to Iraq

Casualty date        12th July 2007

Cargo                     Steel

Reports have been received that the South Korean flag vessel ORCHID SUN, 26046 GRT, 1985 built has sent distress signals and is believed to be sinking about 90 nautical miles from Oman.

There are potential PA losses arising from this incident.

The prospect of salvage seems remote, but if salvage security is required, our personal corporate salvage guarantees are accepted by Lloyds. We can provide salvage security on your behalf (subject to internal procedures) for a bail fee from 0.8% of the guarantee amount.

If you have insured cargo on board this vessel and require our assistance to deal with any security demands and claims for salvage and/or General Average, please contact us as soon as possible. We can also assist you in pursuing recovery for any losses that you may suffer. In this regard, we have identified the vessels’ P&I Club.