Australia Releases Final Report on M/V Tycoon Grounding

A broken shackle on the port’s cantilever mooring line lead to the January 2012 grounding and eventual catastrophic hull failure of the M/V Tycoon at Australia's Christmas Island, an investitagation by Australian Transport Safety Authority has found. On January 8, 2012, the M/V Tycoon, a Panama-flagged general cargo ship, broke free from its mooring in severe weather … [Read more...]

Last Pieces of MV Tycoon Hauled Off Christmas Island

More than six months after wrecking on the jagged cliffs of Australia's Christmas Island, the last remaining pieces of the M/V Tycoon have been removed and crews are going home. The vessel has been a thorn in the islands' (and governments) side ever since "breaking free" of it's moorings on January 8 and splitting up along the cliffs of the Islands' Flying Fish Cove during … [Read more...]

M/V Tycoon Wreck Removal Commences on Christmas Island

The Australian Maritime Safety Authority (AMSA) said today that it has contracted Titan Salvage to remove the wreckage of the M/V Tycoon from the cliffs of Christmas Island and work will begin immediately. The Panamanian-flagged M/V Tycoon broke free its moorings in severe weather on January 8 and grounded along the cliffs on Christmas Island.  The vessel had approximately … [Read more...]

Australian Government Steps In to Remove M/V Tycoon Wreckage from Christmas Island

After more than three months against the rocks on Christmas Island, the Australian Government says it is stepping in to remove the wreckage of the M/V Tycoon after its owner has failed to make any progress in the salvage operation. The registered owner of the vessel is Tycoon Navigation SA, based in Singapore. The vessel broke free of its moorings just outside the Port of … [Read more...]

MV TYCOON: Christmas Island Grounding Update

The following is the latest update from the Australian Maritime Safety Authority regarding the MV Tycoon, the Panamanian-flagged general cargo vessel that broke in half after breaking free of its mooring last Tuesday and grounding on Christmas Island in Australia. Beach cleanup continued over the weekend with the cleaning of oiled rocks. A further two bulk bags of waste have … [Read more...]