Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines

Sea-Land salvage cost could top US$8m

09 Dec 2003 - by Staff reporter
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

Ray Smuts THE OFT-asked question: “how much?” has yet to be answered by US Ship Management Inc, owners of the Sea-Land Express which ran aground off Cape Town in August. But FTW learnt last week the salvage cost could run to US$8 million (R56m). While Clare du Plooy-Gomes of salvors Smit Marine could not confirm the figure last Friday, an impeccable source told FTW that US$8 million was the figure mentioned. According to latest information the vessel is valued at US$6 million(R42m) and the cargo - including 300000 litres of premium brand tequila - at around US$24 million(R168m). The US Coast Guard report into the stranding is not yet complete as an undertaking to copy the South African Maritime Safety Authority (SAMSA) has not materialised but could be delivered by mid-November. The authority is in any event compiling its own casualty/accident report into the incident. “The problem with reports of this nature is that a lot of lawyers are shouting for them and I ask why must we give it,” says SAMSA’s Captain Bill Dernier, “There is this clash. We investigate to determine the facts and to take steps to prevent a mishap occurring again - our mandate under the Law of the Sea Convention - and unfortunately lawyers, lots of them, use us for that. They get our report and at least half their homework is done which we find very annoying.”

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

FTW - 9 Dec 03

View PDF
New distribution system will save DaimlerChrysler R47-m a year Decentralisation will supply within h
09 Dec 2003
Fruit levy helps fund research and transformation
09 Dec 2003
Late arrivals bedevil lines’ schedules US security regulations have made positive impact
09 Dec 2003
Namibia’s trade with Angola goes through the roof UK and Spain dethroned
09 Dec 2003
Customs implements new strategy for larger companies Inspectors to conduct compliance reviews
09 Dec 2003
One-stop facility planned to speed truckers through Komatipoort
09 Dec 2003
Courier registration fee kicks in next year
09 Dec 2003
Lines consider ‘no show’ penalty Multiple bookings add to lines’ costs
09 Dec 2003
SA fruit export future rests on quality One rejected pallet can sabotage entire shipment
09 Dec 2003
Export inhibitors Ð readers’ views
09 Dec 2003
Global defiance threatens US steel tariffs
09 Dec 2003
Anti-dumping rules gazetted Time-span limited to 18 months
09 Dec 2003
  • More

FeatureClick to view

Sea Freight May 2025

Border Beat

Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
Border police turn the tide on illegal crossings
29 Apr 2025
BMA officials arrested for enabling illegal immigration
24 Apr 2025
More

Featured Jobs

Transport Clerk (DBN)

Tiger Recruitment
Durban (New Germany)
09 May

Operations’ Coordinator

Brinks Security PTY LTD
Johannesburg
09 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us