• Tue
  • Jul 29, 2014
  • Updated: 7:34am

Samho Shipping

Supertanker crew aim to sue over hostage ordeal

Four former crew on the South Korean supertanker Samho Dream are planning to seek compensation in Hong Kong's Admiralty Court for the emotional trauma of being held hostage after the ship was hijacked and held by Somali pirates for seven months in 2010.

Tuesday, 8 May, 2012, 12:00am

Lender suffers big loss in supertanker finance deal

One of South Korea's largest banks has been left more than US$40 million out of pocket after financing a massive supertanker that only fetched a fraction of the purchase price when it was auctioned off on court orders.

6 Mar 2012 - 12:00am

Judge orders sale of seized tanker

Admiralty judge Mr Justice Anselmo Reyes yesterday ordered the valuation and sale of a supertanker detained in Hong Kong since the middle of October over the non-payment of bank loans.

7 Dec 2011 - 12:00am

Order to sell ship so crew are paid

Twenty crew members on board an oil tanker anchored near Kau Yi Chau were a step closer to getting US$149,035 in unpaid wages yesterday after Admiralty judge Mr Justice Anselmo Reyes ordered the appraisal and sale of the ship to settle outstanding bills.

6 Aug 2011 - 12:00am

Troubled S Korean firm's tanker to be put up for sale

An Admiralty judge ordered the appraisal and sale yesterday of a tanker belonging to financially troubled South Korean shipowner Samho Shipping, which has been under arrest in Hong Kong since the end of last month.

20 Jul 2011 - 12:00am

Precedent cited in Samho case

A law firm acting on behalf of Norwegian investors seeking US$3.2 million in charter payments on two ships is expected to be able to pursue the action in Hong Kong. This is despite the South Korean company at the centre of the dispute having filed for bankruptcy protection in South Korea.

29 Apr 2011 - 12:00am

S Korean shipper in piracy drama targeted in HK over unpaid debt

South Korean shipowner Samho Shipping has had a tanker seized in Hong Kong over US$3.2 million in unpaid rental payments on two other ships, including one at the centre of a dramatic military rescue after it was hijacked by pirates.

28 Apr 2011 - 12:00am