According to local reports, she went aground on 20th June off Kilifi port, Kenya, loaded with 27,500 tonnes of vegetable oil.
She was en route from Port Klang, Malaysia to Mombasa, said Andrew Mwangura a consultant with Sea Port Operations, Mombasa, talking with newswires.
Smit Salvage and local company Alpha Logistics have signed a salvage contract. Four tugs have been deployed, but it was thought that lightering would be required to refloat the vessel.
There are no reports of any leakages and the crew remained on board, the reports said.
Broking sources also said that the vessel was recently sold for recycling at an unknown yard for around $350 per ldt.