Golden Wealth - Colision with Shun Yun 1 - GA

Voyage from/to:            Xingang/Singapore/Malaysia

Casualty Date:              26th May 2008

Vessel Type:                 Bulk Carrier

Grt:                               12,137

Built:                             1979

Cargo:                          Steel (pipes/bars/plates/beams)

Reports have been received that the Golden Wealth has been involved in a collision with the container vessel Shun Long 1.

The Golden Wealth has suffered damage to her shell plating on her port side and has declared GA.  Water ingress has also resulted in flooding of hold No.1 

We are instructed by cargo interests to assist in provision of guarantees to the average adjusters and to represent their interests in an and GA

If you have insured cargo on board this vessel and require our assistance to deal with any security demands, 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.