A CHINESE shipping company has agreed to pay the Filipino owner of the fishing boat Ruel J for the loss and damage sustained during a collision off Occidental Mindoro earlier this month, the Philippine Coast Guard (PCG) said.
The PCG rescued five crewmen of the fishing banca which capsized after the smash-up with MV Tai Hang 8 on December 5.
The banca owner and the Chinese-owned Taihang Shipping Company Ltd. have reached an amicable settlement over the incident, the PCG said..
The PCG said it was coordinating with maritime services firm Pandiman Philippines, Inc. for an assessment of the damage to Ruel J.
“This collaborative efforts between maritime authorities, local communities, and involved entities underscores a shared commitment to ensuring the safety of individuals during unforeseen incidents at sea,” the PCG said in a statement.
The PCG earlier reached out to the Chinese government to track down MV Tai Hang 8, which was enroute to Indonesia when the collision occurred.