Reviews & Ratings for the Princess-Katherine

The bulk carrier 'Melite', which experienced a grounding near Pulau Laut on July 21, has been earmarked for demolition on an 'as is, where is' basis. After running aground in Indonesian waters, the vessel has remained out of operation, recently anchored off Port Sual. The impending sale, valued at approximately $2.52 million USD, is expected to finalize by October 30, 2023, to unidentified buyers. Diana Shipping has initiated a notice of abandonment to its hull and machinery underwriters, who have consented to the sale terms outlined in the agreement. This notice plays a pivotal role in Diana Shipping's claim against the vessel's underwriters following the grounding incident. Should the claim be accepted, it could lead to a reimbursement of the 'Melite's' total insured value of around $14 million USD.

On July 21, 2017, the bulk carrier 'Melite' found itself aground off the southern tip of Pulau Laut island, located in the Java Sea. As of the morning of July 27, the vessel remained stranded at coordinates 04°08′S 116°07′E. Reports indicate that the hull of the vessel has sustained damage; however, the Greece-based shipping firm, Diana Shipping Inc., is currently evaluating the situation. Fortunately, the crew aboard the 'Melite' remains safe, and there have been no indications of pollution resulting from this incident.