The accident at Colon on 24 October was revealed in a Facebook post by the shipowner.
Husnan Fauzan and bosun Steven Bagshaw were in the boat on the 92,000-gt Coral Princess (built 2002) when a cable parted as it was being raised, it added in a statement to Cruise Law News.
Fauzan died from his injuries, while the bosun was treated in hospital.