PRINCESS KATHERINE

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Latest news

Bulkcarrier sold for demolition after grounding incident

The "Melite" which ran aground off Pulau Laut on July 21, will be sold for demolition, on an “as is, where is” basis. The "Melite" has been out of service since it ran aground in Indonesia and was being anchored off Port Sual. The delivery was due to the unidentified buyers by Oct 30, for a sale price of roughly $2.52 million USD. The Diana Shipping has submitted a notice of abandonment to its hull and machinery underwriters, who have agreed to the sale of the vessel along the terms outlined in the above mentioned agreement. The notice of abandonment forms part of DSI’s claim against the vessel’s underwriters, resulting from the previously announced grounding, which if accepted, would result in the payment to Diana Shipping of the vessel’s total insured value of about $14 million USD.

Bulkcarrier aground off Pula Laut

The "Melite" ran aground on July 21, 2017, off the southernmost tip of Pulau Laut island in the Java Sea. In the morning of July 27 the loaded bulkcarrier was still aground” in position 04 08S 116 07E. The hull was said to have been damaged. The Greece-based shipping company Diana Shipping Inc. was still assessing the situation, the crew was in no danger and there has been no pollution.