Phuc Khanh

* We have received reports that fully cellular container vessel, PHUC KHANH, experienced a blackout and drifted in the Saigon River, resulting in an allision with a tower crane on 21st February 2021 .

* It is understood the crane structure fell on to the container stacks causing significant damage.

* It is further reported that four containers fell overboard, of which three have been recovered from the river and the remaining container has sunk and requires removal.

* PHUC KHANH has reportedly been towed to a terminal in Ho Chi Minh City where Authorities are investigating the incident.

* It is possible that General Average and Recovery issues may arise as a result of this incident.

* We recommend that you contact us urgently if you are concerned with any cargo affected by this incident so that we can start taking steps to protect your interests.