Support us!

Amount:   EUR

Sunday, 26 February 2012 12:37

MT Samho Dream on auction, but crew salaries were settled! Featured

Rate this item
(3 votes)

>> Hong Kong: On 18 October 2011 the Supertanker “MT Samho Dream”, operated by Korean Samho Shipping Co., Ltd, was arrested on its arrival in Hong Kong due to the non-payment of bank loans. [Marine News China reported in its January edition]

An auction was ordered on 18th January, as Samho Shipping filed for bankruptcy protection after it ran out of cash, with having received a successful bid by a UK-company at US$28.3 million.

However, last month still, the crew feared to be left without payment of their wages, amounting to about US$100.000, after the new owner was trying to forcefully take over the vessel.

Now, Due to the intervention and support to master and crew played by Mr. Ting Kan Yuen, Head of Hong Kong ITF (FOC) campaign office, THOME Ship Management agreed to pay the salaries for the month of January 2012 and other outstanding leave wages and compensation. THOME mainly agreed due to the fear of ITF intervention which may also lead to some other claim from the new owner.

After THOME representatives shown evidence of execution of January wages to the crew, master and crew agreed to leave the ship and allow the new Greek crew to board the vessel. Further, THOME assured paying other outstanding leave wages and compensation within 24-48 hours.

As a back up, Mr. Ting Kan Yuen meanwhile arranged a hearing before the honourable admiralty judge Mr Justice Anselmo Reyes on 30th January, before the vessel hand over to the new crew, at which the court has ordered that Bailiff be at liberty to pay the crew wages out of the proceeds of the judicial sale, subject to verification of crew contracts and sale of vessel going through successfully, according to a confirmation issued by the law firm Holman Fenwick Willan (HFW).

All necessary legal papers to claim any outstanding crew wages from Bailiff were then still signed in a meeting between Mr. Ting and all crew members in presence of the Chappel of Marine Club Hong Kong, in case of THOME would have backed up from their promises to settle the wages.

On 31st January the crew left for their respective countries after settlement of all wages and compensations.

Read 6534 times


  • Comment Link next day pay Sunday, 15 December 2013 23:29 posted by next day pay

    100 guaranteed approval payday loans pay loans online emergency cash today rates for small business loans

  • Comment Link ผลบอล Wednesday, 23 October 2013 00:36 posted by ผลบอล

    Hello very nice web site!! Guy .. Beautiful ..
    Wonderful .. I'll bookmark your web site and take the feeds
    additionally? I'm happy to find so many helpful information right here within the
    publish, we want work out more strategies in this regard, thanks for sharing.
    . . . . .

  • Comment Link rochii Saturday, 12 October 2013 09:01 posted by rochii

    I am not sure where you are getting your information, but great topic.
    I needs to spend some time learning much more or understanding more.
    Thanks for excellent information I was looking for this information for my mission.

  • Comment Link Eugene limousines Sunday, 06 October 2013 09:44 posted by Eugene limousines

    Hmm is anyone else encountering problems with the images on this
    blog loading? I'm trying to find out if its a problem on my end
    or if it's the blog. Any responses would be greatly appreciated.

  • Comment Link charcoal drawing Monday, 16 September 2013 19:44 posted by charcoal drawing

    Get out a home run with dinner instead of the family which will give your
    organs a rest by using a hula hoop is an effective exercise regime.
    charcoal drawing Incorporate variety or fat-free dressingCourse 3: Entree3-4 ounces of water about 30 minutes before bed.

    Fruit JuicesDark grapes, oranges, green of this salad you can use this to be good and before you hit the cross training is
    excellent to work off those pounds faster. cantankerously Three stars means the body.

  • Comment Link my website Monday, 16 September 2013 08:58 posted by my website

    Usually, lenders never lend funds to those who're not using a valid checking account
    my website the nice thing about it nowadays is even
    having bankruptcy on your own credit report, it is possible to buy a

  • Comment Link super real Saturday, 14 September 2013 17:44 posted by super real

    They are the most effective means for people with low credit score needing financing super real many times, you will want to secure that loan nevertheless, you cannot because of many reasons, which one of the most notable is often a poor credit score.

  • Comment Link Not fake Sunday, 01 September 2013 21:06 posted by Not fake

    Just keep in mind that a person's eye rates on quick loans are high and in the event you neglect to repay the borrowed
    funds on time it is possible to be hit with some high fees at
    the same time Not fake with us you are likely to enjoy all of the advantages
    related to small loans for get cash from a credit card despite your bad credit standing.

Leave a comment

Make sure you enter the (*) required information where indicated.
Basic HTML code is allowed.
>>Your provided e-mail address will NOT be visible to public.<<

Subscribe! >> free & monthly

Subscribe to our "free" e-paper magazine "Marine News China". A "monthly" newsflash on the Chinese shipping world for executives, managers and maritime professionals!

Latest Article Comments