The container ship YM Efficiency arrives at Port Botany in Sydney, Australia, June 6, 2018. AAP/David Moir/via REUTERS
Australian authorities have arrested a Yang Ming containership over a debt related to the loss of 81 containers from the YM Efficiency off the coast of Newcastle in 2018.
Federal authorities arrested the YM Eternity Sunday morning at the Port Botany after Australian Maritime Safety Authority (AMSA) petitioned the court to recover pollution debt that could reach as high as AUD $20 million.
YM Eternity is sister ship to YM Efficiency, which lost dozens off containers overboard in June 2018 during heavy weather. Most of the containers subsequently sank.
Both ships are subsidiaries of Taiwanese shipping company Yang Ming Marine Transport Corp.
According to the AMSA, Yang Ming has refused to pay for the clean-up of the pollution, including the containers and their contents which have been located on the seafloor off the coast of Newcastle.
So far, 60 containers have been identified, five containers have been recovered, and another 16 are still missing, the AMSA said.
The AMSA in December signed a contract with Ardent Oceania valued at about AUD $15 million for the recovery and cleanup of the containers located. The anticipated cost to locate and clean-up the remaining missing 16 containers could be up to $5 million, bringing Yang Ming’s debt to $20 million, the AMSA said.
“If you pollute our waters and refuse to pay the price of cleaning up that pollution, we will hold you accountable. Our ocean won’t pay the price of Yang Ming’s pollution – Yang Ming will,” said AMSA Chief Executive Officer, Mick Kinley.
Group of Seven nations are closing in on an agreement to significantly increase sanctions on Russia over its reluctance to end the war against Ukraine, according to a draft statement seen by Bloomberg.
The Houthi-aligned Humanitarian Operations Coordination Center (HOCC) has designated 13 entities, 9 individuals, and 2 vessels for sanctions related to US crude oil exports, according to a statement released today.
U.S. Transportation Secretary Sean P. Duffy has announced the return of the newly restored “Christ on the Water” painting to its place of prominence at the U.S. Merchant Marine Academy...
September 30, 2025
Total Views: 3605
Get The Industry’s Go-To News
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
— just like 107,375 professionals
Secure Your Spot
on the gCaptain Crew
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
— trusted by our 107,375 members
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.