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Salvors jostle for Hyundai No105 job.

Europe Intelligence Wire

| September 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

Byline: Marcus Hand in Singapore

THE world's top salvors are lining up for up the massive wreck removal of the car carrier Hyundai No105 from the Singapore Strait.

The 12,899 dwt Hyundai No105, operated by Eukor, lies in Indonesian waters and would be one of the world's largest wreck removals on the scale of the Tricolor in the English Channel.

The car carrier sank after it collided with the 303,896 dwt very large crude carrier Kaminesan, owned by Mitsui OSK Lines, in May this year.

Liesye Wuntu, head of public relations and foreign co-operation in Indonesia's Directorate-General of Sea Communication, Legal Division, told Lloyd's List that under Indonesian domestic law, the sunken ship was the responsibility of the owner.

Lying just two cables (400 m) south of the traffic separation scheme in the Singapore Strait, it is understood to have a clearance of between 13 m and 16 m, meaning it could still be hit by a large vessel that strayed out of lane.

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