AsiaDry CargoOperations

Polaris reaches compensation agreement with bereaved families as Stellar Daisy search ends

South Korea’s Polaris Shipping has fixed a compensation agreement with the families of most of the missing crew from the sunken Stellar Daisy as the search for the ship comes to an end in the South Atlantic.

The converted ore carrier sank at the end of March in waters off Uruguay with just two of the 24 men board rescued.

Polaris Shipping, which has also suffered a number of mishaps on other ships it operates in the weeks following the loss of the Stellar Daisy, said that it has agreed to give compensation and additional consolation money to families of 17 missing sailors and the two rescued crew. No figures have been revealed however.

The five other families have been demanding the company to continue search efforts for their loved ones, the company added. The official search operation in the accident area ended on Wednesday last week.

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.


  1. They should make a search to find and locate the wreck of the MV Stellar Daisy just what they did with the MV Derbyshire and MV El Faro and find out why it sank and on what caused it to sink also to try and prevent another disaster at sea involving a converted VLCC oil tankers into VLOC bulk carriers

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