Singapore’s Ezion Holdings says one of its jointly-owned liftboats has capsized in the South China Sea.
However, there are no casualties as the Teras Lyza (built 2014) was unmanned at the time of the incident which occurred on Tuesday.
The Singapore-flagged vessel was being dead towed from Vung Tau, Vietnam to Taichung, Taiwan when it developed a sudden list to the stern before capsizing.
“At this point of this release, Teras Lyza is still floating upside down. The towing tug, Teras Eden, is continuing to standby at location with a view to ensure safety of navigation and to look out for any potential pollution as Teras Lyza is carrying 75-cbm of MGO,” Ezion said in a statement.
“Teras Shore Response Team have been activated since Tuesday and there has been no report of injuries or casualties arising from the incident.”
Singapore-listed Ezion said the Teras Lyza is fully insured and it does not expect any material negative impact on the financial results.
However, while there is no contractual obligation on the delivery of Teras Lyza for its potential job, Ezion said it will be looking at hiring in and/or build a replacement vessel.
