An Emirati merchant ship sank in front of Japanese marine waters

The "Gulf Navigation Holding" group, listed on the Dubai Financial Market, announced the latest developments related to the accident involving its vessel "Gulf Stock 1" in the East China Sea.

The group said in a statement on the Dubai Financial Market that it believed that the ship sank off the coast of Japan, and investigations into the cause of the accident are still underway.

She added that the area where the ship was facing unusually high winds, with a speed of 160 km per hour, was an extension of Hurricane Maysak.

She explained that the tragic accident occurred when the ship was on its way from Napier in New Zealand to the Chinese port of Tangshan.

She indicated that the cattle tanker was carrying 39 crew members, in addition to 4 representatives of the charterers, noting that the cattle shipment was destined to join the Chinese dairy care and production program.

The group said that two sailors were rescued by the Japanese Coast Guard, while the body of one of the crew members was later found, and it is feared that the remaining 40 people on board the ship may have gone missing, as the search for other survivors was canceled on Friday due to the approach of a typhoon in the area. Further aerial searches will be conducted as soon as the cyclone passes.

She indicated that all crew members work under the Philippine Overseas Employment Contracts Corporation, which stipulates specific levels of compensation, adding that the ship and crew are insured through the company's membership in the International Shipowners' Group.

The company said that the ship is fully insured with local and international insurance companies, noting that it does not bear any responsibility for the loss of cargo.

Follow our latest local and sports news, and the latest political and economic developments via Google news