MERCHANT MARINE INTERESTS: KOREAN FERRY INVESTIGATION NEWS FLASH

Head Of Sunken Ferry's Owner In S. Korea Detained

 Photo S. Korean Coast Guard




May 7th 2014 11:10PM

STORY AT AOL:

By Hyung-Jin Kim

SEOUL, South Korea (AP) - South Korean prosecutors on Thursday detained the head of the company that owns the ferry that sank last month over an allegation of cargo overloading.

Authorities believe improper stowage and overloading of cargo are one possible reason the ferry sank on April 16, leaving more than 300 people dead or missing. Four employees at the ferry's owner Chonghaejin Marine Co. Ltd, who handled cargo on the Sewol, have already been arrested.

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