The reconstruction of the hull of container ship Maersk Honam (IMO 9784271) which is docked at Dubai Dry Dock, will cost more than $30m, according to reports, but this would still be more cost-efficient than scrapping the vessel. The decision to rebuild the ship was taken after a damage assessment after the ship was returned to Maersk Line by salvors Ardent and Smit Salvage.
Despite the high cost of the hull damage, it pales in comparison to the cargo damage, cost of recovery, and other vessel damage and scrapping, together estimated at nearly $500m for scrapping and $430m for repair (assuming cost of repair at $30m)
The decision to repair the ship was based on the fact that the engine room, engines and other propulsion systems remained intact. It had not yet been decided where the repair would take place. The plan was currently to cut the broken front part of the ship off and replace it with a newly built one.
2017-built, Singapore-flagged, 153,153 gt Maersk Honam is owned by Moller Singapore of Singapore and managed by Maersk Line AS of Copenhagen, Denmark. It is entered with Standard Club (Europe Division) on behalf of AP Moller Singapore Pte Ltd.