Last night my wife told me that a barge sunk yesterday and the company has lost over 600,000 baht in material, apparently the barge owner ignored warnings of extremely high seas  and sent the loaded barge out of the port, it was swamped by the waves and sunk. The barge is worth over 1 million baht and it is estimated it will cost around 2 million to salvage it as it cannot be left where it is, luckily no one was injured but in  the owners greed for profits he had stopped paying insurance so will be totally out of pocket himself for it all plus he will also be responsible for covering the cost of the lost material but my wife said her company may let him off with the replacement cost. The local port is in the river and as some of the bigger container ships cannot enter they need to anchor in the gulf in the deeper section as depth of the water is fairly shallow(around 30') which is why the barge has to be salvaged, looks like this is going to bite the owner on the bum after his greed for profits has had him cutting all the corners he could to increase his take, I couldnt stop laughing when she told me, he has been letting his barges deteriorate for years to save on renovation costs, last year he was forced to fix some major problems with them after they started falling apart and now this has happened, greed has really come back on him hard.

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