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Polaris suffers another VLOC mishap

Polaris suffers another VLOC mishap

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Splash has learnt that another very large ore carrier (VLOC) belonging to Polaris Shipping has run into difficulty off South Africa. The South Korean owner is coming under enormous scrutiny on home soil following the disappearance – and presumed sinking – of the 266,000 dwt Stellar Daisy on Friday night. A multinational assortment of search and rescue teams have since been scouring the South Atlantic off Uruguay in a vain attempt to find survivors. Just two Filipino seafarers are known to have survived to date, with another 14 Filipinos and eight Koreans listed as missing. Despite scaling up resources in the search and rescue mission, poor weather and visibility is hampering efforts.

Meanwhile, sources in South Africa tell Splash that another elderly VLOC belonging to Polaris has been forced to moor off Cape Town for urgent repairs. 

Like the Stellar Daisy, the Stellar Unicorn, also built in 1993, was making its way from Brazil with a cargo of iron ore when it was forced to reroute. Tracking data provided by VesselsValue.com (see below) shows the ship has been just of Cape Town’s port limits for the last few days while repair work is carried out on the bulker. Its status is listed as ‘Restricted maneuverability’.

Despite repeated calls to Polaris, the company has maintained a silence on all enquiries from Splash over the past six days.

Polaris did, however, break its international silence today with a new posting carried on its site in English and Korean in which Jeff Roh, a public relations officer for the under pressure shipping line, wrote: “The case is under investigation and the outcome will be further announced in due course, meanwhile, you are kindly invited to join the families and avoid speculations as much as possible in these difficult times.”

However, given the Korean firm’s stonewalling of the media, speculation has been rife and continues to mount over the plight of the Stellar Daisy. Splash is also awaiting updates from the ship’s P&I Club, Steamship Mutual, as well as its registry, the Marshall Islands.

The ship, built in Japan originally as a single-hull VLCC was converted at Cosco Zhoushan Shipyard in China eight years ago.

Six weeks ago, Chinese Port State Control inspectors found six deficiencies on the giant ship relating to its water tightness. It was allowed to sail, and made for Brazil where it picked up 260,000 tons of Vale’s iron ore and was bound for China once again when disaster struck late on Friday with one of the survivors describing severe water ingress, a quick listing of the ship before it capsized.

The fact that Polaris took 12 hours to form an emergency response team from the moment it was first alerted to the crisis has also earned it plenty of flak from families of the missing crew.

Yesterday the Korean International Maritime Organization (IMO) Secretary-General Kitack Lim commented: “The news that the search for survivors from the Stellar Daisy has not yet proven successful is sad indeed. Reports from the Uruguayan Navy indicate that fuel, debris and empty lifeboats have been found but, so far, nothing else.”

Lim vowed to carry out a thorough investigation into the accident with many in the industry already anticipating class rule changes as happened in the wake of the MOL Comfort boxship breaking in two four years ago.

“It is expected that there will be a full investigation into this accident and that the results and findings will be brought to IMO so that we can do whatever may be necessary to reduce the chances of such an incident happening again,” Lim said.

Polaris is the world’s largest VLOC owner. It had made talk of pushing for an IPO by this July, something that will now need to be relooked at in the wake of the Stellar Daisy disaster.

 

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. CAPT: JOLLY
    April 6, 2017 at 12:15 pm

    NO NEED FR LONG NONSENSICAL INVESTIGATIONS AND TRYING FOOL THE SAILORS AROUND THE WORLD: IT B WASTING TIME & MONEY
    GET THE CLASS KR TO RELEASE ALL THE RECORDS FR LAST 10 YEARS INCLUDING GUAGING REPORTS ALONG WITH MAINTENANCE/REPAIR REPORTS FROM POLARIS:

    SIMPLE – IT WAS POOR MAINTENANCE & !!!!!!!