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Vallianz says vessel collision has no material impact on group

Michelle Zhu
Michelle Zhu1/15/2019 08:20 AM GMT+08  • 2 min read
Vallianz says vessel collision has no material impact on group
SINGAPORE (Jan 15): Vallianz has released a statement regarding Sunday’s collision between a tanker and Star Centurion, a pipelaying vessel managed by its subsidiary, Vallianz Offshore Marine (VOM), in Indonesian waters.
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SINGAPORE (Jan 15): Vallianz has released a statement regarding Sunday’s collision between a tanker and Star Centurion, a pipelaying vessel managed by its subsidiary, Vallianz Offshore Marine (VOM), in Indonesian waters.

The Hong Kong-flagged chemicals/product tanker, named the Antea, is owned by PT Pertamina Persero and operated by Bernhard Schulte Shipmanagement (Singapore).

Star Centurion, owned by Trevaskis Ltd, had been at anchor at the outer port limits of Singapore’s waters from Jan 8 until the incident took place on Jan 13 at about 6:16am.

This has mainly resulted in damage to the portside of the Star Centurion, which has capsized and sunk such that the vessel is now “keeling to port at its anchored position”.

VOM has mobilised tug boats to the scene of the incident to ensure safety within the area.

In a Monday filing, Vallianz says there has been no report of injuries or casualties, and that all 22 crew on board Star Centurion at the time of the incident, are safe.

The group adds that there is no material financial impact resulting from the collision as of yet, with its business operations continuing as per normal.

Seatrade Maritime News reported that an insurance source estimated the claim for Star Centurion would amount to about US$150 million ($203 million).

Shares in Vallianz closed flat at 1 cent on Monday.

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