PHUKET: The wooden cargo ship that caught fire yesterday off Phuket’s east coast in Phang Nga Bay was not insured and represents a 5-million-baht loss, its owners said.

One of the owners, Sompong Maikhaew, and three other men were on the ship when it caught fire, but jumped overboard and were safely rescued by a passing speedboat.

“We left Koh Yao Noi at 2:30pm and were headed for Bang Rong Port on Phuket,” Mr Sompong said.