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Harbor Star Shipping Services together with US-based T&T Salvage was awarded a contract to salvage the bulk carrier Ambition Journey
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The Panamanian-registered vessel ran aground in Eastern Samar last August 2
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The contract to salvage Ambition Journey includes refloating, unloading cargo, rendering oil spill control and cleanup operations, and towing the vessel to the shipyardfor repairs
Harbor Star Shipping Services, Inc. (HSSSI), together with US-based T&T Salvage, was awarded a contract to salvage the Panamanian-registered bulk carrier that ran aground in Eastern Samar early this month.
The massive 189-meter vessel Ambition Journey last August 2 suffered engine failure and ran aground in Sulangan Island in Guiuan town, Eastern Samar. The bulk carrier was enroute from Homonhon Island in Eastern Samar to China.
In a regulatory disclosure, HSSSI said the contract to salvage Ambition Journey includes refloating the vessel; unloading its cargo of 49,550 metric tons of nickel ore; rendering oil spill control and cleanup operations; and towing the vessel to the designated shipyard for repairs.
HSSSI said it is continuously coordinating with the Philippine Coast Guard and appropriate local government units to ensure the orderly salvage of Ambition Journey and the protection of the marine environment around it.
HSSSI in 2020 earned P109 million from salvage operations, representing 8% of its total revenues for the year. For the first half of 2021, HSSSI recognized salvage income amounting to P29.4 million for a 2019 operation.
Aside from salvage operations, HSSSI’s maritime services also include harbor assistance, lighterage, towing, marine construction, repair and maintenance works, oil and chemical spill response, diving and underwater services, and ship and crew management.
