Asia/Pacific News
Arrested Bulk Carrier Put Up for Auction in Singapore
Bulk carrier Trident Challenger, which was arrested in September, has been put up for auction in Singapore, according to the latest records from the Supreme Court of Singapore.
Court documents show that the net value of bunkers and lubricant onboard the vessel is S$218,535 ($152,627), including HFO, low-sulfur HFO, MGO, and low-sulfur MGO in amounts valued at S$82,381 ($57,535), S$35,316 ($24,665), S$9,912 ($6,922), S$41,611 ($29,061), respectively.
Bunkers and lubricant onboard the vessel must be paid at value for by the vessel purchaser, notes the court.
As Ship & Bunker has previously reported, VesselsValue.com data indicates the Panamax vessel was controlled by Marine Managers Ltd and worth $9.47 million.
Bids, along with a deposit of S$50,000 ($34920.10), must be submitted no later than 3 p.m. on December 8, 2016.
