At the time of writing, mystery and speculation surrounds the loss of the rv Saigon Pandaw in late December 2013, whilst under tow on passage from Vietnam to Burma.
Only three years old, the luxurious vessel owned by Pandaw River Cruises, was unmanned whilst under tow on this repositioning voyage. Initially she was reported as having capsized and sunk in heavy seas, but there was speculation later that she may have been stolen, stripped of her valuable equipment and fittings and broken up for her scrap metal, much in demand at present. Her owners were said to be offering a reward of circa £15K for information leading to her recovery.
Pandaw River Cruises, established in the early 1990s, operate river cruises on the Irrawaddy (Burma) and on the Mekong River in Vietnam and Cambodia. Pandaw initially traded as the Irrawaddy Flotilla Company (IFC). The name IFC will, certainly, for older readers, bring back memories of the famous P (Paddy) Henderson & Co shipping line of Glasgow. The original IFC was founded by P Henderson & Co; Todd, Findlay & Co and Peter Denny to transport cargo and passengers along the great River Irrawaddy.