The Pacific Basin handysize Portland Bay has been towed into an Australian port two days after losing power in severe weather.
The 28,000-dwt ship (built 2004) had begun to drift closer to a Sydney beach on Monday before it dropped its anchors.
Attempts to evacuate the crew and tow the bulker to deeper water later failed in heavy seas.
But the Hong Kong shipowner has now said the ship is safely alongside at a berth at Port Botany. Repairs are now likely to place as soon as possible.
“All 21 crew on board are safe, with no pollution or reported damage to the vessel,” Pacific Basin added in a statement.
The company thanked everyone involved in the salvage, including the Australian Maritime Safety Authority (AMSA), salvors, the Port Authority of New South Wales and government agencies.
“All crew members aboard are recognised for their courage and professionalism in ensuring the safety of their colleagues and our vessel in these extremely difficult conditions,” the owner said.
Pacific Basin added it will continue to liaise closely with all relevant authorities and offer support in any ongoing investigations.
Three tugs had been in attendance.
The Guardian reported the vessel had become disabled as it transported cement from Port Kembla.
A turbo fan in the ship’s main engine was reported to have blown up, leaving the ship adrift in waves of up to eight metres, the report said.
The ship has insurance cover from the North of England Club.