A ship carrying 55000 tons of nickel capsized and 10 people are missing

Published: Jul 25, 2021 11:36
Source: Hong Kong Marine Department
[a 55000-ton nickel ore ship capsized and 10 missing] A Hong Kong registered bulk carrier (the ship) finished loading 55000 tons of nickel ore in Buli, east of Hama Hera, Indonesia, and unloaded it to Lianyungang, China. During the voyage, the ship approached the path of the tropical storm. Finally, the approximate position is 19o03 north latitude and 124o52 'east longitude. Of the 26 crew members, 16 were rescued by two nearby ships. At the end of the search and rescue operation, 10 crew members, including the captain, are still missing.

1. A Hong Kong registered bulk carrier (the ship) loaded 55,000 tons of nickel ore in Buli, east of Hama Hera, Indonesia, and unloaded it to Lianyungang, China. two。 During the voyage, the ship approached the path of the tropical storm. The tropical storm had winds of magnitude 8 on Beaufort and a maximum speed of 40 knots. The ship finally capsized at latitude 19o03 north and longitude 124o52 'east. Of the 26 crew members, 16 were rescued by two nearby ships. At the end of the search and rescue operation, 10 crew members, including the captain, are still missing. 3. The investigation of the accident found that the cause of the accident was that the crew did not strictly comply with the International Code for solid bulk cargoes by Sea (IMSBC Code) and the instructions of the shipping company, and the moisture content of the nickel ore carried on board exceeded its transportable moisture limit. As the ship approached the tropical storm, the cargo liquefied and shifted, causing the ship to tilt severely and eventually capsized. 4. The survey also found that the crew did not strictly follow the navigation and bridge procedures during inclement weather to determine the voyage, and underestimated the impact of inclement weather on cargo. In addition, the captain underestimated the consequences of the liquefaction of the cargo and was unable to announce the abandonment of the ship at an early stage of the incident.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
13 hours ago
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
Read More
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
[SMM Nickel Flash] Based on nickel ore prices from 25 days ago, smelter profits for high-grade NPI remained high this week. However, from the current raw material side, ore prices from both the Philippines and Indonesia increased, while auxiliary material prices saw a slight pullback, leading to an increase in the cash cost of producing high-grade NPI from spot ore. At the same time, high-grade NPI prices experienced some pullback, making it difficult for smelter profits to see sustained improvement.
13 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
13 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
Read More
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
[SMM Nickel Flash] This week, due to a sharp decline in futures triggering arbitrage selling, high-grade NPI prices fell significantly. However, after the selling activity subsided, upstream quotations and the market center gradually returned to normal levels, supported by cost factors. Looking ahead, as the Chinese New Year holiday approaches, market activity is expected to remain subdued, and high-grade NPI prices are projected to hover at highs with limited fluctuations.
13 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
13 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Read More
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
[SMM Nickel Flash] The SMM average price of 10-12% high-grade NPI fell 17.2 yuan/mtu WoW to 1,035.8 yuan/mtu (ex-factory, tax included), while the Indonesia NPI FOB index average price dropped 2.06 $/mtu WoW to 131.2 $/mtu. At the beginning of the week, futures hit limit-down, and nickel prices fell sharply WoW, driving the emergence of arbitrage supplies sold at low prices, leading to a significant decline in high-grade NPI prices.
13 hours ago
A ship carrying 55000 tons of nickel capsized and 10 people are missing - Shanghai Metals Market (SMM)