The Raysut Cement Company has announced the constructive total loss of the 'Raysut II' in the wake of Cyclone Mekunu on May 25, 2018
The Raysut Cement Company has announced the constructive total loss of the 'Raysut II' in the wake of Cyclone Mekunu on May 25, 2018. The vessel is owned by Raybulk Navigation Inc, a subsidiary of Raysut Cement. The vessel ran aground at Fazayah beach, 18 nautical miles west of Salalah Port during storm. The group was expected to receive US$10.7m against insurance for loss of ship and various cyclone Mekunu claims.
