MSC FAITH

------------------UPDATE-------------------

2 February 2023

We have received the following updated information concerning the grounding of container ship, MSC FAITH:

* It is reported that the vessel has been refloated, possibly with tug assistance, and has moved to anchor at Batu Ampar anchorage, Indonesia for inspection.

* We are continuing to monitor the situation and we will provide further updates to this report when more information becomes available.

------------------ORIGINAL-----------------

* We have received reports that container ship, MSC FAITH ran aground whilst navigating the Singapore Strait, after departing Pasir Panjang container terminal, Singapore, bound for Yantian, China on 31 January 2023.

* It is reported that the crew may have been evacuated from the vessel.

* We are closely monitoring what may be a potentially very serious situation and will provide urgent updates to this report once further information becomes available.

* In the meantime, it is possible that General Average/Salvage and Recovery issues may arise as a result of this incident. We therefore recommend that you contact us if you are concerned with any cargo on board this vessel so that we can immediately start taking steps to protect your interests.