Survivors reported seeing up to 150 sacks of cement in the ship's cargo area before it capsized in relatively calm seas off the central port of Ormoc on Thursday, city councillor Godiardo Ebcas told AFP.
Bloated bodies spilled out of the Kim Nirvana's wooden hull as a crane lifted it from the water and placed it on Ormoc port, he said.
Ebcas said the death toll stood at 56 with 142 survivors. The death count was bigger than the 45 reported by the coast guard, which was based on the ship's passenger list, though the guard counted the same number of survivors.
"The ship might not be too overloaded in terms of passengers, but imagine the weight of its cargo," Ebcas said.
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Each sack of rice, cement and fertiliser weighs 50 kilos, and 150 sacks would easily add 7,500 to the ship's load, excluding passengers, he said.
Ebcas said survivors saw that the cargo, located on the ship's lowest level, was not fastened to the floor with ropes as it should have been. "This could have cause the weight of the ship to shift," said Ebcas.
The coast guard is investigating the latest in a string of deadly sea mishaps. Transportation Secretary Joseph Emilio Abaya said the ship's crew would be summoned.
"If there was negligence, it should be pursued by investigators. Appropriate charges will be filed when necessary," presidential spokeswoman Abigail Valte told reporters today.
Frequent accidents in recent decades have claimed thousands of lives, including the world's worst peacetime maritime disaster in 1987 when the Dona Paz ferry collided with an oil tanker, leaving more than 4,300 dead.