* It is reported that fully cellular container ship, SM BUSAN, experienced an engine breakdown in a position west of Moresby Island, Canada on 24 December 2021. * The vessel was able to make way at reduced power towards Victoria, Canada, under escort of a tug, and arrived there on 2 January 2022. It is not yet clear when the voyage will resume. * It is possible that General Average and associated recovery issues may arise as a result of this casualty. * We are currently monitoring the vessel's movements and will provide an update in due course.