Read Authentic Ratings for the Ocean-Surveyor

On May 6, 2022, it was revealed that the owner of the survey vessel 'Ocean Surveyor' has been penalized for causing damage to the protected reef off Hulhumale. The vessel was engaged in survey operations related to a government submarine cable initiative when the incident occurred. The Maldives Environmental Protection Agency (EPA) confirmed the damage transpired on April 1, during the vessel’s operational activities. Technical assessments indicated that the USBL poles from the HiPAP system and the multi-beam echo sounder onboard the 'Ocean Surveyor' made contact with the reef, leading to environmental harm. A subsequent underwater inspection, carried out in conjunction with the Coast Guard, confirmed the reef's degradation. Consequently, the ship owner was imposed a fine amounting to MVR 198,112.73 in accordance with the Regulation on Fines and Compensation for Environmental Damage. Antrac Holding Pvt. Ltd., the vessel's local agent, received a notification on May 3 to ensure the penalty is settled within a 30-day timeframe.

In a recent maritime transaction, a vessel has been sold to a Greek buyer through a bank-driven sale. The exact price of the sale has not been disclosed. This strategic move reflects the ongoing developments in the shipping industry and highlights the interest of Greek investors in expanding their maritime assets.