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The South Korean bulk ore carrier Daeyang Honey sailed from Koolan Island, Western Australia on 14 October 1992, with a crew of 28. The ship was loaded with a full cargo of about 122,300 tonnes of low-grade iron ore, bound for the Japanese port of Mizushima.

In the afternoon of 22 October, a signal from a float-free emergency position indicator radio beacon (EPIRB) was detected by the search and-rescue polar orbiting satellite system (COSPAS-SARSAT), about 300 miles east of the Philippine Islands, close to the area of the typhoon Colleen. The EPIRB was identified as coming from the Daeyang Honey.

An initial air search by the United States authorities based on the Island of Guam was hindered by bad weather associated with the typhoon. On 25 October, in better flying conditions, a liferaft was located and ships in the area were requested to search for survivors and wreckage.

On 26 October the liferaft was relocated and a little later the EPIRB, surrounded by debris, was also sighted. The motor vessel Azaleaeverett was diverted to the position of the EPIRB, where debris and the beacon were found, but no survivors. At about the same time, the motor vessel Bum Ju located the liferaft and positively identified it as belonging to the Daeyang Honey.

The Daeyang Honey had loaded iron ore on a number of occasions at the Australian ports of Dampier and Port Hedland.


  1. Nothing occurred at Koolan Island that contributed to the loss of the vessel.
  2. The cargo loaded contained no characteristic that would have involved an increased risk over the normal ore shipped from Koolan Island.
  3. The failure to supply the master with a written loading declaration had no bearing on the loss of the ship. The information on Koolan Island iron ore, contained in such a declaration, would not have altered or modified the loading of the cargo.
  4. The Daeyang Honey encountered a severe tropical storm (typhoon) during 21 and 22 October. It would seem that the ship foundered from whatever cause in the early afternoon of 22 October 1992. The storm must be considered to have significantly contributed to the loss.
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[ Download PDF: 736KB]
General details
Date: 23 October 1992 Investigation status: Completed 
Time: N/A  
Location:China Sea Investigation type: Occurrence Investigation 
State: International  
Release date: 17 June 1993  
Report status: Final Occurrence category: Accident 
 Highest injury level: Fatal 
Vessel details
Vessel: Daeyang Honey 
IMO: 7013537 
Type of Operation: Motor Ore Carrier 
Damage to Vessel: Destroyed 
Departure point:Koolan Island, WA
Departure time:N/A
Destination:Mizushima, Japan
Fatal: 290029
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Last update 18 May 2016