Hellenic Carriers M/V Hellenic Sea Sustains Hull Damage

20th Jul 2010 13:51

LONDON (Dow Jones)--Hellenic Carriers Ltd (HCL.LN), an international provider of marine transportation services for dry bulk cargoes, said Tuesday that during the weekend the laden Panamax Bulk Carrier M/V or the Hellenic Sea, sustained hull damage after coming in contact with an unknown underwater object. MAIN FACTS: -As a result of this incident there was water ingress limited to some of the forward compartments of the ship. -The vessel remains in the vicinity of the incident and a team has been appointed to assess the extent and nature of the damage sustained and the necessary repairs. -No injuries, nor pollution to the local environment have been reported. -The Owners of the vessel have Hull and Machinery and Protection and Indemnity insurances in place. -Shares at 1245 GMT down 10.50 pence, or 15.22%, at GBP58.50 pence, valuing the company at GBP26.69 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 20, 2010 08:51 ET (12:51 GMT)