The Jumbo Seafood Restaurant was towed away from Aberdeen on June 14, 2022. It was initially planned to go to a Southeast Asian country for repairs. There was a report of a “sudden sinking” of the vessel whilst it was on its way. However, a few days later, the Marine Department said that the “Boat” was still “afloat” around the waters near the Parcel Islands.
On June 21, 2022, the Sing Tao Daily, on its American Chinese website, quoted from Philip Mak Shun-pong (麥順邦), chairman of the Hong Kong Insurance Professionals Association (HKIPA), that the insured amount of the said seafood boat is estimated to be at least HK$100 million (US$12.8 million). Conspiracy theories circulating on the Internet suggested that, by letting the boat sink, the owner not only could save millions of dollars every year in maintenance costs, but also gain through insurance claims….