We have received notification of an incident on 15 July 2018 in the Suez Canal involving the above mentioned five vessels.

We have learned of an incident involving the vessel ���SAM LION�۝, a 2012 built 31,760gt bulk carrier loaded with 40,050 tonnes of clinker in bulk loaded at Nemrut Bay and bound for Dakar.

Further to our initial casualty notice, salvage services are now being rendered on LOF terms.

We have been advised of an incident involving the vessel ���THORCO LINEAGE�۝, a 2014 built 13,110gt general cargo ship.

Fully Cellular Containership

Bulk Cement Carrier

We have been advised of an incident involving the vessel ���YM EFFICIENCY�۝, a 2009 built 42,741gt fully cellular containership. It s understood that the ���YM EFFICIENCY�۝ suffered a collapse of stow en-route from China to Australia, as a result of which more than 80 containers were lost overboard and at least a further 30 containers seriously damaged on board.

The Maersk Honam has evolved since the explosion on 6th March into a complex matter with all available information pointing to a large loss to insurers and cargo owners the world over. After being ablaze for almost 11 weeks the vessel was due to put in at Jebel Ali today. Inevitably as a result of the severity of the fire Maersk Line have already suggested all cargo in Holds 1,2 and 3 are Total Loss – which is understandable when considering the incident.

Vehicle Carrier

Since our most recent Casualty Update, of 27th April 2018, we have continued to receive instructions to represent further cargo interests onboard MAERSK HONAM, for which we will be providing GA &/or LOF Salvage security, conducting surveys and pursuing recovery action