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    HeavyLift Ancora loses cargo in heavy weather

    News // October 28, 2008

    Ocean HeavyLift ASA (OHL) reports that the company's vessel HeavyLift Ancora has lost its cargo, the liftboat KS Titan 1, at sea in the North Atlantic following main engine stop and excessive rolling in heavy weather.
    There were no reported injuries caused by the incident. The cargo capsized after sliding into the sea.

    HeavyLift Ancora sustained only minor damage to the deck and the main engine problems have been resolved.

    "The company and its commercial manager, Offshore Heavy Transport AS, have a constructive dialogue with the cargo owners," said the company in a statement.
    The vessel was en-route from US Gulf to Liverpool, but will most likely now return to Gulf of Mexico for inspection and preparations for its subsequent loading programme.

    The company said the incident is expected to have limited impact on OHL's financial statements for 2008.


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