While under tow from Hong Kong to an undisclosed destination the famous Jumbo Floating Restaurant has capsized and sunk:
Has been closed due to the pandemic and loosing money for years before that.
Many here have probably visited the Jumbo at Aberdeen Harbour and have good memories of the sumptuous Cantonese meal they had there.
A bit of a tourist trap and I had a couple of favourite places that I used to frequent back in the day. Having said that I did take my wife there and we enjoyed the food. The insurance interests will be looking closely at the circumstances.
Doesnât âadverse conditionsâ cover any and all? There will probably be a few âenvelopesâ changing hands.
Donât know about envelopes, but there are bound to be a lot of court cases (and rich Lawyers).
I noticed the following:
I donât know who had been involved in issuing âapprovalsâ here, but I suspect he/she/they can expect to have to answer some hard questions and fat legal costs to defend their position.
The economical problems have been well known for some time:
And it is not the first time the Jumbo has been exposed to serious âaccidentsâ:
That time a saving angle (Stanley Ho) stepped in to rescue the Jumbo. This time it will take a miracle to salvage it.
I dined a couple of times with business relations. Also took the wife a couple of times there. She was especially impressed with the short boat ride from the shore the to the restaurant with all the lightbulbs.
The food was Cantonese which was very good as well the lightning fast service. A wonder to feed 2300 diners almost at the same time and do that almost without error.
Who is stupid enough to tow the vessel in adverse weather conditions and with that huge sail of the restaurant. Donât they follow the weather reports? Time is money and this is the result.
Not only time is money. In this case there MAY be something else at play to make money.
It did what is called an Egg Roll.
My father was Chief Special Agent and General Claims Agent for the Western Pacific railroad. He had a phrase for incidents like that: âSold it to the insurance company.â
Cheers,
Earl
It should also be noted that there was hardly room for a proper freeboard.
Back to the original thread.
From South China Morning Post, the oldest and most widely read English language newspaper in Hong Kong:
Maybe the speculations about possible insurance fraud has be wildly exaggerated??:
The story is getting stranger:
PS> The tug Jaewo 9 is no stranger to problems and accidents: